There are numerous places you can buy your car from, including private buyers and car dealerships. In this instance, you’ve decided you’re heading to a dealership to buy your car – so you need to know what to do as a serious buyer. You don’t want to make certain mistakes that could affect the price or deal that you get, as many people do tend to make these mistakes and end up with less than they could have gotten if only they had this advice first.
Read on for 5 things you must do as a serious buyer at a car dealership if you want to make sure you end up with the best car and deal imaginable:
- Speak To Your Insurance Provider In Advance
First of all, make sure you know the cost to insure models that you’re thinking about buying. This should never be a surprise, so get a few quotes if you’re looking into a few different types of vehicle. Find out how soon you’ll need to notify your provider that you have a new vehicle, too. You want to be sure that you’re going to be able to afford your new car over time and that the novelty isn’t just going to wear off.
2. Have A Good Idea Of What You’re Looking For When You Go In
Have an idea of what you’re looking for before you travel to the dealership. If you’ve been thinking about a Chevy, heading to a specialist Chevy dealers is a good idea as it’ll stop you from being presented with a ton of different cars and getting confused. Do plenty of research beforehand so that you don’t leave with something that isn’t suitable for you on the day.
3. Get Preapproved For A Loan
If you’re going to be getting a loan for this purchase, get preapproved for the loan as close as possible to your planned purchase date. Make sure you’re aware of the total loan and interest rate that you have been given the okay for, and don’t forget to give yourself a budget beforehand so that you aren’t tempted to use up the whole loan if you can’t really afford it.
4. Be Prepared To Walk Out
If a salesperson attempts to raise the price that you have negotiated, don’t be afraid to walk out.
Walk out if a salesperson tries to raise the price you negotiated. Take your lowest competitive quotes and estimated dealer-cost figure to use as leverage if you plan to do some final negotiating in the showroom.
5. Have Everything You Need With You And Documents Completed Ready To Drive Away
You’re going to need your driver’s license, proof of auto insurance, and you should have completed the financial paperwork. People have driven away in the past only for the dealer to call back and claim the financing has fallen through, while asking him or her to sign new paperwork at less favorable terms.
If you’re a serious buyer, make sure you do the above 5 things!