Purchasing a new car is an expensive proposition. Although in the past people usually bought new cars on impulse, today, more and more consumers are treating the automobile as a long-term investment. To assist you with the purchase of a new car, your BBB has developed the following six steps to success:
STEP 1: Get the facts. Decide if you need a full-size, intermediate, compact or sub-compact car. Talk to owners of various models. Read consumer magazines. Talk to your mechanic. Develop a good sense of the advantages of each make and model in the category you want. Consider the future trade-in value. Investigate the possibility of renting or leasing.
STEP 2: Shop for the best dealer. Check it out with BBB. Talk to friends and associates. Consider the reputation of the service department. Buy from a dealer near your home.
STEP 3: Make sure you understand the warranty. Know what is covered and for how long. Make sure any additional claims by the dealership are put in writing.
STEP 4: Take the car for a test drive. It is amazing the number of people who do not take a new car for a test drive. Check especially for brake and steering performance.
STEP 5: Don't be afraid to negotiate the price. Remember, when trying to get a better price, you should realize that the mark up in new car prices is not what it use to be. There is less room to cut prices.
STEP 6: Look around for the best financing. There is a vast source of financial assistance. Check around with banks, dealers, credit unions, insurance companies, finance companies - they all want your business.