Buying a new car is exciting. However, it’s also a situation where it’s easy for even the smartest of us to make the wrong purchasing decisions or spend too much. Many people don’t know the truth about how to buy a new car the smart way. To ensure that you don’t get ripped off and get the most value for your dollar, here are the three biggest myths about car shopping and the truths that you need to know.
Myth: Car Cost Comparison Isn’t Necessary
If anyone ever tries to tell you that comparing prices before you buy isn’t necessary, don’t listen to them. Different dealerships will often offer the same vehicle at staggeringly different prices. In order to get the best deal, it’s essential that you go online and compare prices before you buy. Otherwise, you’re setting yourself up to get a bad rate for a vehicle that you could have purchased for much, much less.
Myth: New Is Always Better
While it’s exciting to think about driving a brand new car that nobody else has ever driven before, a new car isn’t always better than a used one. Many used cars don’t have that many miles on them and are essentially just as good as their newer counterparts. Do your homework and figure out if you really need that new car or if a slightly used car would be just as good for your driving needs.
Myth: Leasing Is Always A Bad Idea
Somewhere along the way, people got it in their heads that leasing a car was a giant rip-off. There are indeed some scenarios where dealerships offer leasing agreements that aren’t financially wise for the leaser. However, there are also plenty of scenarios where leasing is the most financially viable option. If you want a shiny new car but can’t afford to buy it outright, then many leasing deals will enable you to drive the car of your dreams without having to make a huge purchase. When it comes to leasing, it isn’t always a bad idea. It just comes down to your needs and your personal financial situation.
At the end of the day, the biggest rule of car shopping is to do one’s homework. The more research you do online before you step foot on the dealership lot, the more you’ll know what to and what not to ask for when you’re car shopping.