Car Buying Tips

Car Buying Suggestions:

Things you should consider before purchasing a car…

  • Can you afford the price of a car? Not only the sale price but the price of taxes, insurance, gasoline, and possible repairs.
  • Are you able to get a drivers LICENSE?
  • How long are you going to be studying in America?
  • Before you shop for a car, EXAMINE YOUR FINANCIAL SITUATION. Know how much you can spend on a car.  A car can be very expensive to repair and maintain.
  • Compare the cost of cars on the INTERNET and in the local NEWSPAPER. See www.nada.com
  • Ask yourself if you can AFFORD to buy a car with cash or if you need to pay for it in installments (monthly payments-which include interest).
  • Do you want a NEW or USED car from a dealership?  Dealers usually offer a warranty.

Doing Your Homework:

  • Choose two or three cars that you like and that will meet your needs.
  •  Then, check their TRUE PRICE on the Internet or at the library.  www.nada.com
  • The dealer’s price will probably be much higher than the true price.
  • That means you can NEGOTIATE the price of the car!
  • Review Consumer Reports and Internet sites on the car’s safely and efficiency.
  • Make sure the dealer is willing to give you a Warranty in writing.

Caution!

Car salespeople use all kinds of PRESSURE strategies to get you to buy a car. Remember that they are under big pressure to sell cars. The LESS ANXIOUS you appear, the more likely that the salesperson will drop the price of the car.

Tips:

  • Visit the car dealership just after they close. This gives you an opportunity to look at cars with much less pressure.  Some dealerships do not allow this.
  • Do not go alone. Have a more experienced friend go with you, in order to be your guide.
  • Dealers may offer brochures (papers) about the car you are looking to buy.
  • Ask for written estimates and return home to think about your decision.  The car will probably still remain unsold for a few days after you look at it.

You can also LEASE a car from a dealership.

  • You make monthly payments over a short period of time. This is usually for 24-26 months.
  • You can negotiate the price of the lease.
  • At the end of the lease, you can buy the car (the cost that remains), sell it privately, trade it in, or turn it in and walk away.
  • The cost of the lease is the price of the car minus the value of the car at the end of the lease.
  • Leases are considered a very costly way to have a car.  Lease cars must be returned in almost perfect condition.

Final buying suggestions:
Remember to check the basic value of the car on the Internet www.nada.com
Check the car out:

  • Is the MILEAGE very low? It is illegal to roll back the odometer.
  • Has the car ever been in any ACCIDENT’S? What kind of DAMAGE did it have?  Cars that have experienced significant damage do not always repair well and they may drive poorly.
  • WHY is the individual selling the car?
  • What does an AUTO MECHANIC say about the car? TEST-DRIVE the car and take it to a mechanic. Ask for a WRITTEN ESTIMATE of needed repairs.  You will pay for the estimate.
  • Again, you can NEGOTIATE the price of a used car purchased from an individual.