Common car buying Mistakes You Must be Aware Of

Common car buying Mistakes

Buying a new car? Bet your over the moon, right? Are you a first time buyer? Well, this is going to be a process much more complex than you think, even if this isn’t your first car buying experience there are still many factors that you must take into consideration to make sure you make the perfect choice because according to research 7/10 car buyers instantly regret their decision as soon as the purchase has been made and undoing such a decision isn’t easy. Here are six common car buying mistakes that people often make whilst making their exiting new purchase.

Emotional Decisions

Often car buyers fall in love with the way a car looks and instantly decide to buy it, when there are thousands of dollars at stake, making an emotional decision is not recommended. It is important to look at each and every aspect of the car before you make the final deal. Make sure the car is reliable, it is safe, thoroughly read into the pricing information and options. Keep your eyes open and don’t fall into the salesman’s traps. In order to determine the best vehicle for you, put emotions aside and focus on which car is practically best for you because an emotional decision is going to be one you regret later.

Take that test drive

Not taking test drives is a common  mistake many car buyers make when buying a new car, however, the test drive is one of the most important aspects of the car purchasing procedure. Cars look good in brochures, they look good in the showroom when they’re polished and glossed for the customer, but will it measure up to expectation when you take it for a drive? Is it as sleek and smooth as it looks? That’s a question you can only determine once you’ve taken the car for a ride. It’s of utmost important that you test the car for an ample amount of time, sit inside it and see are you comfortable, is the ride smooth?

Buying from the first dealer you come across

This is the worst and probably the most common mistake car buyers make. So you just visited the closest car dealer to your house, he seemed like a nice chap, offered you a cup of tea and a “guaranteed lowest price” and you seem eager to buy this never to miss offer which is going to last no longer than an hour.

Don’t fall for it!

Every dealer is going to use the cliché “guaranteed lowest price. Take a stroll around the area and visit a number of car dealers, see which one is offering the best package as a whole. That means the best car price as well as ad ons such car mats and insurance, etc. don’t just stop there have a look online at what other dealers are offering and then chose the best dealer with not just the best price but the best package as a whole.

Negotiate the price

The sticker price of the car isn’t the final price you should settle for when making a purchase, try to negotiate with the dealer, bring him/her down by a couple of $100 dollars. The dealer is trained to sell to you so remember any price he/she offers can be lowered, so try your luck and see how far they will go.  Try to work out their profit margin and offer them a price that is realistic.

 

We hope this list of common mistakes car buyers make can be of help to you, follow the tips mentioned above to avoid a purchase you may regret later.
car buying singapore

Step by Step Guide on what You Need to Know When Buying a New Car

Purchasing a new car can be a stressful decision, there are many factors that need to be taken into consideration when making this decision.

First and for most, do not rush such an important decision, this is a purchase that you cannot undo or return, after a purchase usually the car value drops so it is also likely that if you resell the car you may incur a loss so it is advisable that you thoroughly follow the guidelines we have created for you.

According to research, 1/5 new car buyers regret their decision immediately. This is why we have created a step by step guide on how to purchase a new car, we have included everything you must take into consideration and all errors you must avoid.

General information

In order to avoid being one of the five people mentioned above it is important that you make confident financial decisions and in order to be a confident decision maker it is important that you carry out extensive research before making the second biggest purchase of your life, the first being a house.

Buying a car involves a lot of money and no one has money to throw away, this is why you should take steps to avoid falling into traps. This involves not purchasing a car based on a car salesman’s pitch.

Here is the correct way to purchase a new car:

STEP ONE

How much money can you afford?

When you consider buying a car, you need to make sure that you have a realistic idea of what your budget is. When you imagine your drive, I’m sure you see yourself in a prestigious Bentley or Rolls Royce but sit back and think about your wallet and how much you can realistically put aside to buy a car?

Once you have decided the amount you are capable of putting aside for the car you can then start to look at cars within your budget.

STEP TWO

Do you need financial assistance?

You may be eligible to a preapproved loan, however,  you must keep in mind that you will have to return the sum you borrow with interest, it is important to research lenders and who is offering the best loan plan, check with your bank and credit card provider. The loan you opt for should not have a payment plan of longer than 60 months.

Furthermore, You need to make a down payment of the car right away, that means you must have 20% of the total amount on hand at the time of purchase.

In order to approve your loan, banks and credit card companies require the following information;

  • Pay slips
  • Employment details
  • Credit history

STEP THREE

 

Test drive your car

 

Once you have decided which car you wish to buy and how you will be paying for it, locate the car and take it for a test drive. Buying over the internet is not advisable, it is better if you step out and visit the nearest car showroom.

 

Factors to consider:

 

  • Is the car still in stock?
  • Are there any free add ons, such as free floor mats or theft protection?
  • Visit the dealer during an off peak time, so you can get one on one attention.
  • Test drive the car you are hoping to buy, schedule this appointment beforehand.
  • Take your family for a test drive too, to see if they like the car and fit into it well.

STEP FOUR

Once you have finalized your choice, you need to start getting a price. Here are two ways to ensure you are getting the best price:

 

  • Contact up to three car dealership workers nearby and ask them the price of the car you are interested in buying, it is better if you email or text them. Also ask them if they will be offering any complimentary add ons, see which dealer is offering the lowest quote and the best package. Ask dealers to beat this quote. This is particularly useful if you are leasing your car you can obtain a bargain on your lease.

 

  • There are numerous websites and apps over the internet that allow you to make a price comparison and they also tell you which dealer is offering your desired car at the cheapest rate. Make sure these comparisons are made inclusive of tax.

Other than the above mentioned, also ask the car dealers about their dealership plans and whether or not they offer a warranty or an insurance at a lower cost.

STEP FIVE

AVERAGE PAID PRICE

By now you have a car you wish to buy and its price, you probably also know which dealer is providing the best overall package. Review the car price one more time before you make the final deal. The dealer must be offering the “average price” of the car along with some add ons.

It is not good enough to opt for the lowest priced dealer, you need to review the whole deal. The price must be an average price and along with it there must be a package that is better than other dealers. E.g if you are leasing the car take into consideration the interest rate.

STEP SIX

Consider parallel importers instead of authorized dealers

Parallel importers Singapore are becoming more and more popular, as having a car showroom or being an authorized dealer can be costly, parallel importers Singapore is breaking the traditions of car dealerships, parallel importing is basically car resellers selling non-counterfeit cars without the permission of the owner, imported from another country. The cars are 100% genuine and 100% legal.

The benefits:

  • Parallel imports are cheaper: parallel imports are almost $8000- $10,000 cheaper than authorized dealers because the seller doesn’t have as many overheads as an authorized dealer.

 

  • You can buy cars that are not readily available through authorized dealers, not all dealers can afford to sell Bentleys, Rolls Royce and Mercedez luxury cars but through parallel imports this has become easier. Parallel importers are flexible and are able to release in to the car market models that they believe will sell.

 

  • The parallel importer is able to clear the car from customs him/herself, they can also undertake car registration and inspection, this saves them a lot of hassle as importers can often take too much time getting these chores done.

STEP SEVEN


SEAL THE DEAL

Does the price look fine, is the interest rate reasonable? Did you enjoy the test drive? Have you got all the necessities that go with a new car such as car mats etc.? Have you discussed the warranty? If you answered yes to all of the above questions, it seems like you’re ready to seal the deal and take home your new ride.

Just before you do that, make sure you read the contract thoroughly to avoid any unreasonable terms and conditions that may later effect your purchase. Ask them to fill up the gas tank and take your delivery home or ask them to drop it off for you. Enjoy your new ride.

How Electric Cars Defeated Emissions

Electric cars or ‘green cars’, as they are popularly known, are leaving the fuel-powered cars far behind since they offer many advantages like low gasoline costs, comparatively low maintenance costs and ‘zero emission’ factor. Lacking any combustion engine, they are operated through batteries and electric motors. However, they, too, require to be looked after. Auto provides the best electric car services.

Read more “How Electric Cars Defeated Emissions”

Choosing a Car Repair Shop

In recent times, Bavarian Motor Works or, BMW has become the prominent brand in the luxury car segment. What exactly gives BMW the strategic advantage over its competitors? BMW centers on maintaining its products within the introduction and growth stages of the cycle. In fact, the Bavarians withdraw products from the market, as and when they move into the latter parts. The new products’ designs.

Read more “Choosing a Car Repair Shop”

Four-Stroke Engines – What is Wrong?

No car trouble is more catastrophic than a brake trouble. Brakes are the ones with the power to make your car stop. Its regular inspection and speedy brake repairs at the slightest hint of a problem can actually be a lifesaver. However, not all brake repair providers have the right credibility and reputation attached to their name. However, with us at Auto, you can be assured to reach the ultimate destination for all things brake.

Read more “Four-Stroke Engines – What is Wrong?”

How Does a Diesel Engine Work?

It’s common for any car owner to go for a normal car wash in his home using soap and water. However, while this is ok, one should get a professional car washing done by a competent and reputed professional likeAuto more often than not. It actually offers you several advantages like:- At Auto, highly sophisticated cleaning equipments and harmless washing solvents are used which gives you a more thorough cleaning using less water than a regular driveway or pavement cleaning.

Read more “How Does a Diesel Engine Work?”

Diagnose Automatic Transmission Problems

Nice cars or ‘green cars’, as they are popularly known, are fast leaving the fuel-powered cars far behind since it offers many advantages like low gasoline costs, comparatively low maintenance costs and ‘zero emission’ factor. Lacking any combustion engine, they are operated through batteries and electric motors. However they too require to be looked after. Auto provides the best electric car services facilities to ensure that it glides.

Read more “Diagnose Automatic Transmission Problems”

Does Your Power or Cooler Assembly Need Replacing?

No car trouble is more catastrophic than a brake trouble. Brakes are the ones with the stopping power to make your car stop. Its regular inspection and speedy brake repairs at the slightest hint of a problem can actually be a lifesaver. However, not all brake repair providers have the right credibility and reputation attached to their name. However, with us at Auto, you can be assured of reaching the ultimate destination for all brake repair issues at the most cost.

Read more “Does Your Power or Cooler Assembly Need Replacing?”

Car Paint Defects and Weather Effects on Your Car

Electric cars or ‘green cars’, as they are popularly known, are fast leaving the fuel-powered cars far behind since it offers many advantages like low gasoline costs, comparatively low maintenance costs and ‘zero emission’ factor. Lacking any combustion engine, they are operated through batteries and electric motors. However they too require to be looked after. aUTO provides the best electric car services facilities to ensure that it glides as smooth.

Read more “Car Paint Defects and Weather Effects on Your Car”

DIY: Replace Your Tire

An integral and critical part of the ignition services, spark plugs can easily become fouled, damaged or worn out and may require replacements. Avoiding it or postponing it can lead to a multitude of engine problems. Generally, replacing spark plug-ins is recommended after an average of 30,000 miles. Apart from it, the below mentioned telltale signs should alert you for replacing spark plug-ins which.

Read more “DIY: Replace Your Tire”