Getting a new car is an exciting life event, but the process of car shopping can oftentimes be stressful, frustrating, and confusing. But there are a handful of tips and tricks you can use to make the process easier and less of a hassle. Here are 6 strategies that will improve your car shopping experience.
1. Take Advantage of Online Tools
The internet has revolutionized the car shopping experience, with a wide range of online tools to make the process easier and more empowering. Some of these tools are offered on dealership websites, where you can get the value for a possible trade-in or get pre-approval on credit. Others are third-party websites that provide information of all types. If you’re not using the internet to start out your car search, you’re missing a trick.
2. Be Open to Expanding your Geographic Search
It’s natural to want to confine your car search to dealerships in the immediate area. But this can end up limiting your options more than you need to. Especially when shopping for used vehicles, casting a wider net can often give you a more comprehensive set of cars to choose from, leading to better deals and a more ideal fit for your needs.
3. Get Pre-Approved for Credit
One mistake that car shoppers frequently make is not looking into their credit situation before going to the dealership. This can result in a situation where you realize you’re going to have to compromise on the car you’re looking for, or else having to accept worse financing terms. Using your bank, credit union, or an online lender to determine your creditworthiness can pay off big time when car shopping.
4. Have a Good Idea What You’re Looking For
Going into the dealership with a completely open mind is often a mistake. It can lead to you ending up with a pricier car or a higher trim level that stretches your budget beyond comfortable means. Before you go into the dealership, do some research on the models and trim levels you’re considering. Determine those price ranges and features and understand what your higher priorities are. That way, when you’re talking with the salespeople, you’ll be able to hold firm on what’s important to you.
5. Consider Buying an EV
The current market is oversaturated with electronic vehicles, as consumer demand hasn’t been quite as strong as many automakers anticipated. As a result, you can find many outstanding deals on EVs right now. EV models are often the most discounted right now, and if you’re willing to go EV you can potentially save a considerable amount of money.
6. Be Patient
Hopefully, you’re not in a situation where buying a new car immediately is essential. If you’ve currently got a running vehicle that’s just getting a little older, time is on your side, and you shouldn’t rush into any decisions if the circumstances aren’t perfect. Every part of the car buying process should be to your satisfaction. If the price is good and the car is right, but the trade-in value you’re getting isn’t to your liking, don’t be afraid to back out and wait for another opportunity. In the end, spending a little more time but saving thousands of dollars can be well worth it.
