Cynthia Madison 's Entries

1 blog
  • 04 Jan 2021
    Driving a brand-new automobile can be one of the great experiences of life. Strolling through a dealership to buy one, on the other hand, ranks up there with visits to the dentist and public speaking atop most people’s record of anxiety-inducing prospects. And people have their reasons – it’s easy to end up overpaying by hundreds of dollars or more if you let the excitement of buying a new car cloud your judgment.  But contrary to many inexperienced beliefs, it’s not really that scary if you’re knowledgeable and prepared. Then you can step into that dealership confident, informed, and in charge of the entire process. Here are the most common mistakes and how to avoid falling prey to them. Setting Your Sight on a Specific Model or Dealership Most automobiles reach at least $10,000. If you plan to make this kind of purchase, you shouldn’t target a single model and disregard all others.   Time is a crucial factor in your purchase, but there could be alternative cars that could actually be better for your budget and family.  Before you head out to the first dealership, check online reviews, ratings, safety, pricing, and reliability. Becoming a smart buyer will make you much more self-assured.  Shopping around at different dealerships also suggests that you’re keeping your options open, so don’t be shy about telling the car dealer which other dealership you’re talking to.  Skipping the Test Drive  When you’re shopping long-distance, it’s easy to assume that what looks good on screen translates to real life. Not all that glitters is gold. Catchy descriptions and shiny brochures aren’t enough- you need to understand and feel how the automobile drives for yourself and make sure there aren’t any unexpected surprises.  How long should you test drive your next car? Spend at least 30 minutes test driving and inspecting the car inside and out – it’s worth the effort to evade the buyer’s remorse, and you will thank yourself later.     Not Digging Deeper into a Used Car’s Condition    Over time, sellers have become experts in hiding the true condition of a used car. Fortunately, test driving is a useful way to catch hidden problems, but it’s not guaranteed. Make sure you investigate the VIN to learn more about the car’s accident history and maintenance.    Negotiating Down Instead of Up   It’s always smart to negotiate for a better bid, but you’re doing it backward if you settle down from the sticker price. Instead, you should try to ask the dealership how much they paid for the car and negotiate up from there. In doing so, you will get a better idea of the seller’s profit margin, allowing you to determine a reasonable price range that allows both parties to benefit evenly.    Only Focusing on the Monthly Payment    The most frequently asked question in a dealership is,” What kind of monthly payment are you looking for?” Be cautious and don’t take the bait just yet. Suppose this becomes the central focus of your negotiations. In that case, the auto dealer may lump the car price, trade-in value, and lease or loan terms together, helping the salesperson fabricate the appearance of a “great bid.”  Instead, haggle one thing at a time, starting with the car’s price. Find your St Louis ford dealer, then mention the trade-in value, followed by leasing or financing to establish the monthly payment.    Forgetting to Research the Value of Your Trade-In   Don’t know what your current vehicle is worth? It means the salesperson may try to offer you a trade-in offer that’s lower than what your current automobile is actually worth. To avoid this, research your car’s wholesale and retail prices. Also, you won’t need to worry about fixing minor issues with your old vehicle before trading it in. Brand new tires, an oil change, and wiper blades won’t bring much value. Save that money for the new car.    Skipping the Call to Your Insurance Company    If the car you’re considering is considerably higher in value or newer than your current car, you could be in for dismay when you update your insurance coverage. To better understand, contact your insurance agent and explain what you’re considering. You may also need gap insurance, which you might not think about, or you could be required to increase your coverage depending on your financing decisions.    Agreeing to Buy Unnecessary Extras   It’s common among salespeople to upsell buyers on extras they don’t actually need. These extras may include fabric protection, rustproofing, paint, or VIN etching. You won’t necessarily need them – reliability surveys prove that rust isn’t a genuine concern with modern cars because they’re already coated to avert corrosion. Not to mention you can treat the fabric and paint yourself using more inexpensive products. 
    562 Posted by Cynthia Madison
  • Driving a brand-new automobile can be one of the great experiences of life. Strolling through a dealership to buy one, on the other hand, ranks up there with visits to the dentist and public speaking atop most people’s record of anxiety-inducing prospects. And people have their reasons – it’s easy to end up overpaying by hundreds of dollars or more if you let the excitement of buying a new car cloud your judgment.  But contrary to many inexperienced beliefs, it’s not really that scary if you’re knowledgeable and prepared. Then you can step into that dealership confident, informed, and in charge of the entire process. Here are the most common mistakes and how to avoid falling prey to them. Setting Your Sight on a Specific Model or Dealership Most automobiles reach at least $10,000. If you plan to make this kind of purchase, you shouldn’t target a single model and disregard all others.   Time is a crucial factor in your purchase, but there could be alternative cars that could actually be better for your budget and family.  Before you head out to the first dealership, check online reviews, ratings, safety, pricing, and reliability. Becoming a smart buyer will make you much more self-assured.  Shopping around at different dealerships also suggests that you’re keeping your options open, so don’t be shy about telling the car dealer which other dealership you’re talking to.  Skipping the Test Drive  When you’re shopping long-distance, it’s easy to assume that what looks good on screen translates to real life. Not all that glitters is gold. Catchy descriptions and shiny brochures aren’t enough- you need to understand and feel how the automobile drives for yourself and make sure there aren’t any unexpected surprises.  How long should you test drive your next car? Spend at least 30 minutes test driving and inspecting the car inside and out – it’s worth the effort to evade the buyer’s remorse, and you will thank yourself later.     Not Digging Deeper into a Used Car’s Condition    Over time, sellers have become experts in hiding the true condition of a used car. Fortunately, test driving is a useful way to catch hidden problems, but it’s not guaranteed. Make sure you investigate the VIN to learn more about the car’s accident history and maintenance.    Negotiating Down Instead of Up   It’s always smart to negotiate for a better bid, but you’re doing it backward if you settle down from the sticker price. Instead, you should try to ask the dealership how much they paid for the car and negotiate up from there. In doing so, you will get a better idea of the seller’s profit margin, allowing you to determine a reasonable price range that allows both parties to benefit evenly.    Only Focusing on the Monthly Payment    The most frequently asked question in a dealership is,” What kind of monthly payment are you looking for?” Be cautious and don’t take the bait just yet. Suppose this becomes the central focus of your negotiations. In that case, the auto dealer may lump the car price, trade-in value, and lease or loan terms together, helping the salesperson fabricate the appearance of a “great bid.”  Instead, haggle one thing at a time, starting with the car’s price. Find your St Louis ford dealer, then mention the trade-in value, followed by leasing or financing to establish the monthly payment.    Forgetting to Research the Value of Your Trade-In   Don’t know what your current vehicle is worth? It means the salesperson may try to offer you a trade-in offer that’s lower than what your current automobile is actually worth. To avoid this, research your car’s wholesale and retail prices. Also, you won’t need to worry about fixing minor issues with your old vehicle before trading it in. Brand new tires, an oil change, and wiper blades won’t bring much value. Save that money for the new car.    Skipping the Call to Your Insurance Company    If the car you’re considering is considerably higher in value or newer than your current car, you could be in for dismay when you update your insurance coverage. To better understand, contact your insurance agent and explain what you’re considering. You may also need gap insurance, which you might not think about, or you could be required to increase your coverage depending on your financing decisions.    Agreeing to Buy Unnecessary Extras   It’s common among salespeople to upsell buyers on extras they don’t actually need. These extras may include fabric protection, rustproofing, paint, or VIN etching. You won’t necessarily need them – reliability surveys prove that rust isn’t a genuine concern with modern cars because they’re already coated to avert corrosion. Not to mention you can treat the fabric and paint yourself using more inexpensive products. 
    Jan 04, 2021 562