Buying a new car is a great experience and there’s no better feeling than driving off the lot in a brand new vehicle. However, if you’re not careful, you could end up paying a lot more than anticipated.
- Giving in to the pressure. Car dealerships can put a lot of pressure on a new car buyer and for good reason. These tactics tend to work. Stay strong and make a point of sleeping on your decision if necessary.
- Not negotiating. If you find it difficult to haggle face to face, you can often do it online. Most dealerships offer online options that allow you to negotiate without dealing with a car salesman.
- Planning around monthly payments. You know how much you can afford monthly, but you’re setting yourself up to get ripped off if this is your main focus. Look at the full price of the car and then decide on a term that will fit your monthly budget.
Just because you’re able to buy a new car doesn’t mean the car dealership won’t try to get you to pay more. It pays to keep your eyes open and to be aware when you’re making this important purchase.