3 car buying mistakes that cost you lots of money

If you have ever bought a car, you sure must know that is both complex process and often an emotional decision. If you are just a middle-income person like myself, you sure know that cost and reliability are usually some of the factors when you considering buying a car.

And here is an interesting fact relating to car salespeople. They were voted the fourth least ethical professional in the U.S. Kind of sucks, right? If you are ever buying a car, you can never be too sure if there are any hidden fees, if there is something wrong with your car, etc…

So, what I am going to do is I am going to give you 3 mistakes that new and seasoned car bought usually do. These mistakes can cost you money.

1. Do you homework

Here is another logical and funyn fact. Car salespeople practice the art of selling daily, while you buy a new car, what, every few years? And here comes the fun part of the fact. People who come in the dealer store to buy the car are either way too confident or they think they will cheat on the car salesperson. Trust me, you won’t.

Here is what you should. If you have decided on your car model, you should research everything there is about it. You should look into MSRP, Kelley Blue Blook Fair Purchase Price, how the car is driving, etc. You’ll figure it out. Oh, I almost forgot, you should check your credit score as well because it affects the interest you will be charged with.

You should check out the company as well. A good place to start is with BBB.

2. Easy on the extras

You should be careful when looking what extras are available for your car as I am sure there are tons of extras available. For example, some extras can cost 1/10 price of your car. That is one expensive extra, don’t you think?

And again, don’t trust the salespeople as they are used to offer you “amazing new extras for only a fraction of the full price”. Just avoid this kind of deals.

I’d recommend that you seriously think about what you need. Why don’t you buy the extras later if the need arises?

3. Ask you family or friends

How many times have you learned your next potential mistakes from someone else? I am sure, it has happend a few times. Here is my advice. When making your next car purchase, be sure to contact your family or your friends.

You should obviously ask questions if they know the car dealer if they know someone on the “inside” or they can get you a discount.

My conclusion

Here is a fact. Buying a car is a very expensive sport, and as I have said it before, it is an emotional rollercoaster. However, if you follow my three simple steps, I am sure you will find yourself on the right side of the spectrum.