Purchasing a New Vehicle? Here’s What to Do!
Buying a new vehicle is a big step! You’ve done the research. You know exactly what you want. But heading to the car dealerships to negotiate is a different story entirely.
The process of buying a new vehicle can be tricky if you don’t quite know what to expect. Here’s what you’ll need to do – start to finish – to drive away in your dream vehicle unscathed.
Step 1: Research!
First of all, these are cars we’re talking about. There are endless options to choose from. So, you’ve definitely got your work cut out for you! Truly think about what kind of features you’re looking for. Furthermore, explore cars within your budget and those just slightly outside your budget. You may be able to work out a great deal!
Step 2: Get pre-approved
Applying for a pre-approved car loan is a great step in the car buying process. You’ll get input into what you can afford, and what kind of interest rate you’ll be looking at. Furthermore, all this can help you decide on a model. And have things like your salary information and other debts at hand to make the process run more smoothly.
Step 3: Consider your trade-in
Determine your trade-in value before you hit the dealership. Consequently, this will offer a clear picture of what your car is worth. Additionally, you can also use this to negotiate. Be honest about your car’s condition. Because some trade-in sites will vary, overall, it’s a smart move to estimate what you’re working with before you really begin shopping.
Step 4: Locate and test-drive the car
You’ve selected a few great models you’re interested in. Finally it’s time to test drive! Hit the dealership where your car is in stock, and get an up-close look at the interior and exterior. And make sure it aligns with what you’re looking for in a new vehicle.
Step 5: Negotiate
Talk to your salesperson about the best deal possible. As a result, you may be able to negotiate based on the value of your trade-in. Also, inquire about rebates and any other offers car dealerships may have available.
Step 6: Review your deal
You’re almost done! Because you’ve selected the new vehicle you love, now you should speak to the finance department to see if you can score a better interest rate from what you’ve already gathered. They can’t offer you a better option than your previous inquiry? No biggie! Fortunately, you’ve already been pre-approved!
Step 7: Inspect your vehicle
Finally, it’s important to do one last inspection. Make sure the vehicle is equipped with everything it should be, and that there are no dents or scratches. Your car should be in fabulous shape when you purchase it. Anything less just won’t do!
Are you ready to get started? Your local Ed Payne car dealerships have a wide selection of awesome models to choose from. Visit one of our Valleywide dealerships today with help buying a new vehicle, or contact our maintenance department for vehicle service.
