So, when it comes to buying a new car, the decision really is up to you. The same can be said for selling your current vehicle. There isn’t necessarily a better time than others to sell your car, but there is definitely a better car buying company to sell your car to… Cash For Cars BC.
Beware of Deals That Are Too Good to Be True
For many of us seasoned car owners, we’ve been through our fair share of the run-a-round at the local dealership. They draw you in with great sales gimmicks and offer you a vehicle with all the bells and whistles that you were hoping for, but when it comes time to sign your name on the dotted line, suddenly, the price jumps.
That’s because they dazzle you with everything you could ever want in a car, and often times, things you didn’t even think you’d need, want, or even existed. Then, after hours of talking and haggling and paperwork, they hope you’ll be too won over to decline paying a little extra. Additionally, this is the part where they love to tack on “fees.”
Paperwork fees, financing fees, random dealership fees, delivery fees, etc. Many of them probably don’t even apply to your purchase in reality, but the dealership will charge it if they can. A surprising number of consumers have paid unnecessary fees and didn’t even realize it.
Mistakes to Avoid When Buying a New Car
Before making any missteps and signing on to something for 72 months that you weren’t fully committed to go through our checklist to help safeguard you against unwanted price hikes, among other things.
1. Don’t Focus So Much on the Price
When you’re at the dealership, it’s easy to get tunnel vision. You go in there with a specific price range in mind, and when the dealership gets you into a car for the price you want, you’re happy. However, if you plan on financing your vehicle, expect to be paying much more than you agreed upon.
They charge you interest, additional fees, and if you ever need to defer a payment, more interest. Before committing to buying a car and financing it over a 5 or 7 year term, look at what your monthly payment will be, and not just the cost of the vehicle itself.
2. Consider Your Insurance Costs
In addition to your monthly car payments, another thing to consider before buying is what your new insurance rates will be with the vehicle you’ve selected.
If you’re switching from a regular car to a hybrid, you will probably notice a hike in your insurance premiums. Also, if you’re switching from an economy car to a luxury or sports car, your monthly insurance costs will go up.
Aside from your premiums, check on what your deductible will be if you get into an accident, or your vehicle gets damaged in any way, or worse, written off by ICBC. The deductible you pay right now, may be different depending on what you’re going to be driving, and what kind of coverage you get on your new vehicle.
3. Factor in the Cost of Gas & Maintenance
We’ve already talked about the cost of the vehicle, the monthly payments with all the fees and interest added on, plus car insurance. But two other very important things to consider is the cost of gas and the cost of maintaining the vehicle.
Some vehicles require much more maintenance than others. Depending on whether or not you’re driving a hybrid, a 4×4, a premium vehicle, or an economy car, you must consider how much maintenance you’ll need to put into your car to keep it running at its best.
Some vehicles have a smaller gas tank, making it seem less offensive when you fill up at the pump. However, you’ll be gassing up more because of it, which means you may not be saving on fuel.
4. Think It Over First
A common mistake many of us have made when buying a car is buying it too quickly. When you’re sitting at the dealership for hours on end, and you’re getting tired and just want to get out of there with a car, it’s easy to make a hasty decision. In fact, many salespeople are counting on it.
Just because they offered you a great deal today, and perhaps even suggested that the “deal won’t last”, does not mean it won’t be there tomorrow. Moreover, it also doesn’t mean that another dealership won’t make you a better offer than the first one.
This is why it’s important to not let the sale pressure get to you, and to take home all of the information they’ve given you, so that you can read it over in confidence, and in private, and make a decision that is the best one for you.
Cash For Cars BC operates much in this way. We don’t try to sell cars because we are in the business of buying them. That being said, we don’t pressure you into selling your car to us either.
We believe in doing what is best for our customers, even if we don’t buy your car in the end. This is why more people choose to sell their car to Cash For Cars BC over any other local car buyers in the Lower Mainland.
5. Don’t Forget to Test Drive It!
It may seem odd to buy a car without even driving it first, but it happens a lot. Many people get their mind set on owning a certain kind of car, and don’t take the time to test drive it at the dealership before buying.