According to a recent study, approximately 70 percent of all new Car buyers have experienced some level of regret after making their purchase. One of the most common reasons this occurs is because the buyer believes they made a mistake.
Simply put, there are many buyers who purchase a vehicle based on impulse, or they get talked into a model that has too few or too many features, or they wind up paying too much.
The fact is, regardless of if you are searching for the perfect sports car or researching the 7 best used SUVs your money can buy, avoiding the most common mistakes is paramount to avoid cases of buyer’s remorse. Keep reading to learn what these mistakes are, to ensure you are prepared when it’s time to make a purchase.
1. Having too Narrow of a Net
Once you have decided the type of vehicle you want to purchase, be sure to check out all the dealerships selling that option. You are only going to be hurting yourself if you fail to shop around.
This doesn’t mean you have to visit every shop in person – you can use the internet to gather quotes and begin to narrow down the field. There are some sellers who may be more willing than others to “make a deal,” especially if they are aware that you are shopping around.
By taking your time, you can make sure you don’t miss out on a great deal. The initial step is pretty simple – just send out an email. You can also use the U.S. News Best Price Program to find the certified dealers close to you.
2. Arriving without Needed Information
The initial steps of buying a new vehicle is basic research. Check on overall availability and get quotes. This can all be done at home.
What does this mean?
That there is absolutely no reason that you should arrive at the dealership with a figurative target on your back. When you begin browsing the showrooms, make sure you have narrowed down the options, so you know the one or two models that you are most interested in, along with what features are available.
If you don’t, it’s going to be easy for the sales staff to pressure you into a vehicle that you don’t really want with all sorts of features that you don’t need. Remember, when it comes to buying a SUV vehicle, information is power.
3. Not Taking the Test Drive
There are quite a few people who buy brand new clothes before they even try them on or try out a new food product that they have never tasted. However, when you compare these to a new vehicle – the low-dollar items are pretty much inconsequential purchases that aren’t going to affect you for many years.
When you take a test drive, it is your chance to ensure the vehicle is everything you want and expected. The salesperson will also have the opportunity to show you and explain all the features. The fact is, a test drive is the only way that you can get an idea of how everything works together – the total package feel.
Read Also: Best Used Hybrid Cars to Buy in 2018
Remember, if you are purchasing a new vehicle, it should be a fun and enjoyable experience. If you feel pressured or stressed, it may be time to take a step back and reevaluate the process. In many cases, this means finding another car dealership.