Are you in the market to purchase a new vehicle this year? If this is your first car or your first car buying experience, then you may be nervous. We have all heard some horror stories about how people end up with a lemon of a vehicle or they end up paying more than they thought for their car. While this can happen, there are some ways that you can safeguard yourself to ensure you avoid pitfalls as you buy your first car.
Whether you plan to finance a new car from Latitude Finance or you just want to browse around and check out your options, you need to make sure you are prepared to do so. You do not want to get trapped in a situation where you feel obligated to make a purchase. Remember, knowledge is power.
Below, we will discuss some of the most common pitfalls of buying your first car and how to avoid them.
Avoid Shopping at Just One Dealership
While you may find it easier to only travel to one place and purchase your new car from there, it is not a good idea. You should plan to shop around for your new car and visit a minimum of three different dealerships in the process.
If you shop around, you will be able to better negotiate when it comes time to purchase your vehicle. This is because you will know what other dealerships have to offer.
Keep in mind that the salesman is not always out to help you and is there to make money, rather than necessarily get you the best deal. This can often lead to a situation where they play on your emotions and you rush into a decision because they make promises to you at that moment. Do watch out for this.
Don’t Put so Much Focus on the Monthly Payment
One trick that salesmen often use is they ask you what type of monthly payment you are looking for. This is tricky because once you give them a number, they then know what types of vehicles to show you, but this may not be in your best interest.
You do not want to focus so much on the monthly payment. Of course, you do need to know what it is you can afford monthly, but keep it in the back of your mind and enjoy looking at the vehicles available and their options.
Allow Time For a Test Drive
Another common pitfall that many people make is that they do not do a thorough test drive of the vehicle they are interested in. Often times, the dealership will allow you to drive the vehicle in a small area, but this is not enough time to really get a feel for the vehicle.
If you are truly interested in the vehicle you are about to test drive, you should ask to drive it for a longer amount of time. Remember, this will be the vehicle you drive daily, and you want it to be the perfect fit.
A good, long test drive is ideal and do not be afraid to ask for one, especially with a used vehicle. You need to feel comfortable with the vehicle and ensure that it meets your needs.
Always Go with Your Gut
Remember to go with your gut at all times and only make a decision when you are ready. If you feel that you are being pressured into a sale, take a moment to step back and evaluate the situation. You are not obligated to sign any contracts or paperwork.
The above pitfalls are the most common, but with some research, knowledge, and preparation, you can avoid them when you step into the dealership.