| Buying a new car is exciting to be sure, but it can | | | | offer to finance a new car for you and they will |
| also be much more expensive than it really should | | | | try to do their best to convince you that buying |
| be for most people. If you aren't careful you can | | | | the car through their financing arrangements is |
| wind up spending thousands more than someone | | | | best, but keep in mind that they don't sell car |
| else for the same kind of deal. Let's review the | | | | loans for free. Somehow they are making money |
| top 5 new car buying mistakes that many people | | | | on that loan at your expense. So why not line up |
| make and see how to avoid them.1. Probably the | | | | your own financing in advance with one of the |
| first thing that costs most car buyers money is | | | | online auto lenders and then when it comes time |
| not doing enough advance research about new | | | | to buy the car you want, make a comparison of |
| cars before they start the shopping process. You | | | | which loan is truly best, the dealer's or the one |
| may think that you will learn a lot by just visiting | | | | you already have arranged.4. Using the sticker |
| the dealership and asking the salespeople about | | | | price as the starting point for price negotiations is |
| new vehicles, but you will only learn what they | | | | costly. These days, a lot more is known about |
| want you to know that way. If you want | | | | what a dealer actually pays the manufacturer for |
| unbiased information that you can trust, you need | | | | each vehicle and the sticker price is not the place |
| to do some online research or read Consumer | | | | to start at. Consumer Reports often lists the |
| Reports instead. You can find out which vehicles | | | | actual wholesale cost of the vehicle and then you |
| are rated highest for reliability and other factors, | | | | can add on about %4-%8 to calculate a fair |
| as well as get specific pricing information that will | | | | purchase price for that vehicle.5. Dealers also love |
| help guide you in price negotiations. By doing this | | | | to load up vehicles with extras that appear to be |
| advance research you will know what you want | | | | valuable, but are way over-priced. They then |
| and how much you are willing to pay for it.2. | | | | include these into the overall cost of the car so |
| Another common mistake is letting emotions | | | | it's only a tiny amount of your monthly payment. |
| dominate the buying process. Admittedly, it's hard | | | | But if you added up the cost of extras and the |
| to keep emotions out of it altogether, and actually | | | | interest charged on them they could be |
| you should factor them into the purchase, but | | | | significantly more than you would pay if you |
| they should not overshadow good sense either. | | | | simply paid to have those extras installed on your |
| Remember that as soon as you allow emotion to | | | | own after the purchase.If you avoid these top 5 |
| cloud your decision making, you are playing into | | | | common new car buying mistakes you will no |
| the hands of the dealer and you will most likely be | | | | doubt be able to save lots of money on your |
| willing to pay more just to get your hands on that | | | | next new car purchase and feel good about the |
| shiny new car that you will have to keep paying | | | | deal that you made.Jim Johnson writes on many |
| more for when it's initial allure has worn off.3. Not | | | | consumer related topics including autos. You can |
| arranging for auto financing in advance is another | | | | find out more about new car buying tips and a |
| common and expensive mistake. In fact, this is an | | | | how to buy a new car by visiting our Auto |
| area that can cost you sometimes more than | | | | Review website. |
| any other part of the deal. Dealers will always | | | | |