Buying the first car is a big event for everyone. Many people depend on buying cars that will last them a lifetime and fit their lifestyle. A first time car shopping experience can be daunting as people have to think how to pay, where to buy, etc. This is also the time that the first-time buyers make mistakes that can cost them thousands of dollars!
Here are a few common mistakes and how to avoid them:
Mistake: Not Shopping Around.
Solution: Research properly
There is a need to shop around while buying your first car and not doing it is a mistake. Considering the location, there may be thousands of dealers and hundreds in the nearby areas. Do not stop yourself at any closest dealer. Research dealers and vehicles in your area, speak to people who have bought cars recently, look for online sources, review sites, dealer websites and customer reviews. You will come across customer experiences, financing options, vehicle stock, opinions and dealer reputation. Then, make calls and get around several dealers.
Mistake: Assuming the Dealer benefits
Solution: Knowledge is Power
First time buyers assume dealers have complete advantage and this is because the first time buyers are vulnerable and nervous. The dealers offer financing options, but if you are a first time buyer with poor credit rating, the dealer will make the best use of this opportunity. First ask about the finance options they offer and a good dealer will provide financing options immediately to a customer. In case, you are not getting a straight answer, get moving to some other dealer.
Mistake: “Love at First Sight”
Solution: Prioritize Your Needs First
Allowing your emotions rule your buying decision is another grave mistake of first time buyers. It is mostly a trap, love at first sight. Buying something for its performance, looks or options, without considering the actual needs is a big mistake. A sports car may be fun, but is not the right choice as a family or a commuter car. An SUV may be suitable for a family, but it may be costly for you as a first time buyer as you have to handle the finance responsibly. Thus, focus on your needs and then consider anything. For instance, a good sound system may be your choice, but that can be done by upgrading than buying one already coming as built-in. There may be multiple options as powertrain, but if performance is unsatisfactory, it is of no real use. Take a friend who is level-headed so that you stay on track.
Mistake: Getting Pressured
Solution: Walk Away
First time buyers are mostly pressured by the reputable dealers and sellers. They can know you the moment you step in. If you notice they are pressuring you to get a car that is beyond your reach and you feel pressured, regardless of the way you are passionate about that car, just walk away. There is a need to go with a level-headed friend so that you stay on track.