5 Most Common New or Used Car Buying Mistakes

When you’re setting out to buy a new or used car there are many things that you wouldn’t want to see a dealership do to you as a buyer, but there are also some things that you should not do as well. Try not to alienate any of the new or used car dealers out there as they may be the one that has what you want for the price you want.

Here is a list of “what not to do” that you should abide by if you are really looking to work with a dealer to get a really good deal.

1. If you’re looking to trade in your existing used car, don?t try to pull one over on the dealer by lying about the condition of your trade in. It is just a lie that you can?t get away with, and could cause many cost increases later.

2. Don?t bother looking for a car if you have had a recent bankruptcy because you will not get approved anyway. In this instance, you’d better have the cash to pay for the car outright.

3. Don?t give the new or used car dealers a deposit and then try to take it back for no reason because you should have researched the car before making the purchase. You can also lose money on the return and then you stuck looking for another car deal. (Can’t stress it enough, DO YOUR HOMEWORK)

4. Don?t bother lying about your debt load and credit rating because they will check it anyway. Get your own credit check done in advance so there are no surprises.

5. Don?t offer any money for a car unless you already know the dealer cost because you are setting yourself up to get ripped off. Always deal the cost of the vehicle and only the cost of the vehicle, you can haggle the other stuff later.

Posted on June 22nd, 2008 by Sledge
Filed under: Self Help