Streetsmart insurance Blog
Getting your first car can be an exciting but daunting endeavor, especially for millennials who will realize that the process is not as simple as selecting ‘Add to Cart’ and proceed to checkout. Go through this guide to get a better idea of the car-buying process and avoid common mistakes.
When you can get everything from meals to cab rides to dates with just a few taps on your phone, why wouldn’t it be possible to go online to get a car deal, too? Dealerships can now be reached online so you can get a price quote, or even negotiate deals. Research automobile websites and community forums to get comparisons on car prices and reviews on potential issues so you can figure out what car suits your needs. Chatting with dealerships is also a non-confrontational way to start your car buying experience, ideal for millennials who might find it intimidating to face over-eager salespeople.
Secure Preapproval For A Car Loan
The next thing on your checklist should be setting a reasonable budget, which largely depends on how much you can afford to pay with your income and factoring in interest rates. You can estimate this with an auto loan calculator. Getting preapproved before you even contact a dealership can put you in an advantageous position during price negotiations. You can avoid any additional markups and unnecessary warranty extensions since you’re aware of how much monthly payments you can afford to make including fees and taxes.
Go to Test Drives and Dress Appropriately
It might be off-putting to deal with pushy dealers, but getting to test-drive vehicles is an essential part of the car-buying experience that you should not miss. Get the feel of the car and check out its features to help you make the best choice. Schedule a whole day dedicated to multiple test-drives so you can get the matter over and done with quickly, and ideally during weekdays. You might also want to dress in business casual to make sure you’re taken seriously instead of being underestimated by your youthful look.
Eyes On The Prize
As you’re about to sign the contract, you will find that your dealer will try to offer you additional warranties and features to try to “spice up” your deal. Focus on the negotiation you have already settled for and don’t fall for their tactics. Salespeople are trained to pressure you to accept last-minute add-ons to squeeze more profit from you. Before starting any negotiations, decide on what you’re buying, how much your budget is, and be firm with these choices so that you can walk out with the same deal you wanted when you came in.
Once you’ve successfully gotten your very first car, you’ll need to prepare for the responsibilities that come along with owning a vehicle. This includes finding a good mechanic and getting auto insurance to cover for maintenance and car troubles.
At StreetSmart Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (732) 462-8343. Get your free quote today by CLICKING HERE.