7 Myths About Buying a New Car
Buying a new car has its share of reservations. From the price, brand, mileage, to the comfort, there are varied things to consider when going for one. However, irrespective of all these, one of the significant things to do is find a vehicle that ticks all the correct boxes.
Many of you will agree that buying a car in every circumstance leads to a massive dilemma for most users. It is mostly because of the myths attached to it. Thus, for the comfort of your mind, here below are seven myths which we will dispel.
7 Myths about Buying A New Car
- Financing at The Dealer Is A Bad Idea:
This is the biggest myth that needs to be addressed right now. Even though you have all the money globally, applying for a loan in the bank will never get you a zero interest rate. On the contrary, you can get the same at a dealership. Thus, financing at the dealer is a good idea.
- Lower Payment Equals to Better Deal:
It is better advised that you better look at the whole package instead of just one whenever buying a car. These means do not focus on a single payment aspect as it can lead to an inflated interest rate. Also, keep in mind that you will owe more than the car itself the longer the payment term.
- Buy or The Deal Will Close:
This is again a huge myth that needs to be dispelled right now. Unless and until the supplier has some real potential reasons, don’t be in a hurry for a purchase. Take some time to learn about the dealer and the whole payment structure, and then only settle for the car.
- Buy Cars at The End of the Month:
No, this isn’t true, but just a myth. The belief is that most of the dealers rely on the end of the month to score a killer deal, but it is not always true. Sometimes even a whole range of profit and loss can do the business; thus, there is no need for the end of the month myth.
- Cars Shall Be Bought on Rainy Days:
This is again a myth that is nothing but false. It is completely okay for a salesperson not to entertain any customer on a rainy day if they have achieved their targets on the other days.
- Internet Is Filled with Best Car Deals:
Today’s Internet has amassed great followers, but that doesn’t mean it is filled with the best of deals. You can use the internet to get the hang of the entire pricing structure but relying on it is out of the question.
- Looking A Bit Strapped of Cash Is Good for Negotiation:
In no way shall you follow this. It is because dealers can easily understand your standard with the level of communication. Thus, if you try to fake it, you will end up being caught.
Connect with us
