Do’s while buying a car
Approach your dealer at the end of the month.
It is the time when it is most likely that the dealer needs to meet their numbers.
Inspecting
Scan the car properly and go for a test drive before buying. Ensure that the car is in proper working condition and has all the features to desire. You must thoroughly scan your car, especially if you’re planning to buy a pre-owned luxury model. Go for a diagnostic scan, as it will reveal a multitude of potentially concealed issues faster.
You must also opt for a pre-purchase inspection. This pre-purchased inspection is cheap and also worth going for. You are paying a high amount for the car, be it a new or a used one. So double sure yourself that all the features are working and there are no faults that might bring your back to the service center in just a few weeks.
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Walking out
Ensure that you can walk out when repeatedly offered high prices that are beyond your budget. Be ready to walk away.
Remove the extras
Removing extras in the contract that you haven’t agreed to pay for
Familiarize yourself
Prepare yourself with the features of the model you are looking for and then go to the dealer. Let the dealer know what range of cars, you’re looking for. This will help save time for both, you and the dealer
Calculate everything
Calculating everything to verify that the terms are matching the amount that you’ve agreed to. Sometimes dealers pad the monthly payments to add extras into the contract.
Pay the down payment
Paying the down payment with a credit card. In that case, if the dealer goes out of business before you have picked up your car, then you can easily challenge the payment made to the dealer.
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Make sure that you don’t sign any forms with any columns left blank. This is to ensure that the dealership doesn’t falsify your information for their benefit.
Don’ts while buying a car
Buying unnecessary extras
Buying unnecessary extras including corrosion protection, paint sealant, fabric protection, and window etching of the vehicle ID number. The reason why you should go for them is that it is just a way to make extra money out of you. Moreover, you generally do not require these services and can get them later at a cheaper price.
Purchasing an extended warranty
Purchasing an extended warranty on vehicles having a good reliability record.
A survey conducted by Consumer Reports in 2013, stated that nearly 55 percent of the owners hadn’t used the benefits of extended warranty during the lifetime of the policy. Moreover, the average price they paid for the coverage was just around $1,200. So there’s no need to purchase an extended warranty.
Driving the car home before paperwork
Driving the car home before completing the financial paperwork. Often these cases resulted in so-called “yo-yo” or “spot” deliveries. In these cases, the dealer calls the buyer back and claims financing fell through. And in most cases, it turns out to be just a way to get the customer to sign new paperwork at less favorable terms.
Approaching Car Dealers during special sales events
Especially the ones which are solicited by direct mail. Such events are often hosted by contracted specialists. These special sales aim to increase a dealer’s profit, and you would not want to waste extra money.
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Approaching dealers at high traffic times.
This time is not favorable for any negotiation. You must try approaching the dealer on weekdays if possible.
Taking delivery of the car before time
Take delivery of the car if there is some additional work which needs to be done on it. These additional works may include repair or accessory installation. And if the dealer goes out of business, then it will turn out to be very difficult to get the work done.
