Tips on How to Buy a New Car
Buying a new car can be a scary proposition. What if I’m not knowledgeable about cars? What if I get ripped off? What if I’m shy about negotiating? What if an aggressive salesperson tries to rush or bully me? Here are some suggestions that can make the project easier.
- According to moneycrashers.com, “The most important thing to know before you buy a car is that knowledge is power.” Go online to Edmunds.com, Consumer Reports, or Kelley Blue Book, and arm yourself before going to a dealership by researching the car or cars you’re interested in. Research and knowledge gained will also help you avoid impulse buys that you’re more likely to come to regret.
- The same online expert sources can give you an idea of how much you should pay for a certain car. You can be sure that the sticker price does not reflect the actual price that the dealer or seller will accept. E.g., the “invoice” price is what the dealer paid the manufacturer for the car. If you’re buying a pre-owned car, research the recent resale prices for that model.
- Shop around. Check more than one dealership so you can find the best deal. Keep your cards close to your chest, e.g., negotiate your price before you mention your trade-in to get to the best possible price.
- Be aware that you don’t have to finance your car through the dealership. Get quotes in advance from your bank or credit union. The popular lendingtree.com will find several quotes for you.
- Consider your personal safety when you choose a car. Motortrend reports on the Insurance Institute for Highway Safety (IIHS)’s safety awards. Among the winners of the highest Top Safety Pick+ for 2019 are Subaru’s Ascent, Crosstrek, Impreza sedan and wagon, Legacy, Outback, and weird RX; BMW 5 Series, BMW X3, Genesis G70, Genesis G80, Genesis G90; Acura’s RDX, Hyundai Elantra, Hyundai Kona, Hyundai Santa Fe, Hyundai Sonata; Kia Forte, Kia Niro hybrid and plug-in, Kia Optima, Kia Sorento; Lexus ES, Honda Insight, Mazda CX-5, Mercedes-Benz E-Class four-door sedan, and Mercedes-Benz GLC.
At Hudson Law Firm, we put PERSONAL back into Personal Injury Law. For an injury claim evaluation, call us at (972) 360-9898, or visit our website to chat with an associate. We understand and care about your injury, and look forward to helping you with your accident claim.