New car shopping can be fun for some while overwhelming for others. If you are one who does not like to embark on this process, you can probably make it easier on yourself by learning more about what to watch out for. Take a look at the following information and be prepared for your trip to the dealership.
Get a car loan before you go shopping. The length of time it takes to buy a car often hinges on whether they have to find financing for you or not. If you have your loan pre-arranged, the whole process will be easier.
Do some online window shopping ahead of time. You really ought to set foot on a dealer’s lot after you have made the determination regarding the vehicle you intend to purchase. Use the Internet to see what possible cars might be best suited for you before heading to the dealership.
Take care of financing before you get to the dealer. You can talk to a bank or a credit union about it. You will more than likely get a lower interest rate than what the dealership would offer and have a better idea of how much money you can spend on your new car.
Ask your family and friends about what they know about cars. Are they happy with their purchases? Do they regret their purchase? Have they heard anything interesting about current models? When you are shopping for a vehicle, this initial information will be useful to you.
If you plan to purchase a new vehicle, you should speak with your bank to verify that you qualify for a loan. You need to know this is available before you attempt to buy. In some cases, your dealership will help you secure a low interest rate but it is good to know about the interest rates that would be available through your bank.
Taking a test drive is imperative. It doesn’t matter that you may already have decided on the car. You should still take a test drive regardless. This will give you a real life feel of the car. During the test drive you may find that you either love or hate the car.
Don’t give out your SS number quickly. A lot of dealerships will ask you for this information so that they can run your credit. Multiple credit report requests can damage your overall chances of getting a low interest rate. Because of this, you shouldn’t provide your SSN until the deal has been hammered out.
Have a firm price in your mind before you set foot in an auto dealership. Your number should have to do with your market research as well as what you can afford.
Before visiting a dealership, call in advance to find out whether or not your preferred make and model vehicle is on the lot. If you show up, the salesmen will do his best to get you into a car, period. If you need a certain car they don’t have, don’t waste your time going down to that lot. Take the few minutes it takes to make a quick call first.
Some people see the act of purchasing a new car as something that must be done, but isn’t enjoyable. The knowledge above will make it a positive experience. Apply what you’ve just learned, and stand ready to negotiate your way into your new car.