Tips for Buying a New Car - Don't Get Taken to the Cleaners!

Many people get taken advantage of when they go to buy a new car, truck or SUV. This can be avoided.  Here are some new car buying tips.

When Car Shopping, Avoid Impulse Buying 

Do some research before visiting the dealership.  This way, you'll know the cost of the vehicle you are interested in, the value of your vehicle if you are trading it, financing terms and interest rates, and so forth so that you are not gullible to sales tactics. Never buy a car impulsively.  Think it over.

The internet had millions of pages of research and content available about vehicles, financing, and anything else you may care to know about the car buying process. By spending a couple of hours online getting prepared, your knowledge will make your new car buying experience a pleasant one.

Pre-Approved Auto Financing

The best way  to deal with financing your vehicle purchase is to get pre-approved by your personal bank or credit union. There are also a number of lenders on the Internet that will pre approve you for a specified amount to go for your car purchase.  No matter the source, having  the financing pre approved before you set foot into the dealership will give you a powerful negotiating position.  You are  basically walking in with cash and the ability to do business immediately, should you so desire. Another positive aspect about getting pre-approved auto financing is that you might receive the ability to play the lenders against each other to get a better rate. Many times, the dealer may offer you a better rate by as much as two percent just because of the volume of business they do.

The Golden New Car Buying Rule

Remember this  new car buying tip you remember nothing else: “The salesperson is not your friend”. They will try to make you think they are on your side.  That's what they're trained to do. It is all part of the psychology. Don’t buy into it.  In most cases, the new car salespeople are paid a commission based on the profit of the vehicle.  What this means is that the more you pay for the car, the more the salesperson makes. Many times there are bonuses for selling particular vehiclesl. This is why you might go to a dealership on a Saturday morning and see three salespeople trying to sell the exact same car. Unknown to the potential buyers, the sales manager has offered a $500 bonus for selling that particular car. If a salesman is trying to push you on a particular car, beware. There is a reason the car hasn’t sold and for the dealer to offer a bonus to get rid of it.

"Tips for Buying a New Car - Don't Get Taken to the Cleaners!" contributed by Brantley Garrett