Buying a new car is a significant investment, and failing to research your options carries substantial risk. Nearly 14 million new vehicles were sold in the US in 2022, and most buyers conducted extensive research to find the best deal. The unfortunate reality is that you’ll discover several car scams when shopping online.
The best way to protect yourself is by learning more about the auto market and what to look for to help you secure the best deal. Whether you’re shopping with new or used car dealers, knowing your options will help you negotiate and get more value.
The good news is that you’ve arrived at this eye-opening guide to tips to avoid scams while saving money. Continue reading to research buying a car today!
Do Your Research
Before visiting local dealerships, it’s critical to research the makes and models you like. Consumer reviews will help you find reliable vehicles that provide longer lifespans. You can avoid purchasing cars that have extensive maintenance and repair costs.
Cost is a significant consideration, but research the safety ratings and fuel economy to narrow your list. Choose a model that will provide the best blend of safety, fuel economy, and fun at the price point.
Assess Your Budget
It’s also critical to assess the amount of money you can invest when scouring the auto market for a new ride. Consider the amount you’re willing to put down to finance a car. Consider the insurance costs and monthly payments to ensure you have wiggle room with your finances should an emergency occur.
Contact insurance companies with the car information for each model you’re considering. You can get a hassle-free quote from multiple insurance providers to find the best deal and save more money. Expect a car from new car dealers to have a higher premium due to a higher value.
Take a Test Drive
The test drive is the ultimate opportunity to listen and look for things that could be wrong with the vehicle. Take it for a spin on different types of roads to get the best indication of its performance. It’s a significant investment, so take your time during the test drive to ensure it fits your lifestyle and needs.
Your test drive provides insight into the road noise on the freeway, handling on back roads, and traction in rainy conditions. Sitting in the driver’s seat for 20 or 30 minutes is also beneficial. You’ll determine if the seat is comfortable and if you have ample space for your legs and head.
Explore All Areas
You’re not the only person who will be riding in your new car, and it’s crucial to consider the needs of your family and friends when taking passengers with you. Use your time at the used car dealers to explore each part of the car.
Look at the leg and headroom in the back seat to ensure it can accommodate adults and children. It’s essential if you have kids or plan on starting a family in the coming years. Try the back seat yourself to determine the ease of access.
It’s also worth exploring the cargo area of the car. You’ll determine how much luggage and personal items you can bring on road trips.
The trunk is essential for running errands and grabbing groceries. The 2024 Acura Integra is an excellent option for performance, handling, and the features of a daily driver.
The infotainment system is the last thing to check for when exploring your car. Do not skip this step if you’re shopping for a used car. You can avoid car scams and wasted money by checking each feature to ensure everything works as designed.
Bring a Mechanic
If you have a friend or acquaintance with car maintenance experience, ask them to join you during your shopping experience. They will provide beneficial insights into the car’s condition and help you avoid vehicle fraud.
The untrained eye won’t notice certain things, but a mechanic will spot potential issues to protect your finances and wellness. It’s a worthwhile step to enjoy peace of mind when checking the auto market for your new car.
Get Pre-Approved for Financing
Pre-approval for financing is crucial when visiting used and new car dealers because it provides negotiation leverage. You must be willing to negotiate to score a lower price on your car when shopping for an upgrade. Get the quote from your bank or credit union to set the benchmark of what you’re willing to pay and the interest rate you deserve.
If the dealership can beat your financing options, you’ll save money. If they can’t, you’ve secured a loan and monthly premium you can afford. It puts the power in your hands when shopping for a car.
Prepare to Say “No”
The typical experience when shopping for a new car on the auto market is getting up-sold by the dealership’s sales staff. Prepare to say no to each offering they provide. Most are marked up, and you can find viable aftermarket alternatives at a fraction of the cost.
Don’t Be Afraid to Walk Away
When attempting to secure the best deal on your new car, prepare to walk away from the table. Your willingness to move on to different options will bring the dealership back with a better offer.
You can also explore the options at other dealerships to find the same or similar cars. Attempt to negotiate with those dealerships to get a lower price that works better with your budget. It’s much better than giving in and paying more than you’re comfortable.
Get the Best Deals on the Auto Market
Avoiding car scams and finding the best deals on the auto market feels like a dangerous game, but you can discover your ideal car at an excellent price with proper guidance. Feel free to walk away from negotiations and do research before visiting your local dealership. Assess your budget, and take the car for a test drive to listen and watch for potential problems.
Cars are valuable assets that add convenience and freedom to daily life. Read our Automobile articles to research the best makes and models for your needs!
Nicole Ann Pore is a writer, an events host and a voice over artist. Travel, health, shopping, lifestyle and business are among the many subjects she writes about. Through quality and well-researched writing, she informs and even entertains readers about things that matter. She is also interested in film critiquing and filmmaking. Giving all the glory to God, Nicole graduated Cum Laude from De La Salle University Manila, Philippines with a Bachelor’s Degree in Communication Arts.