What are the most common car-buying mistakes?
I want to know what mistakes to avoid when I start car shopping later this year.
“Some of the most common car-buying mistakes include buying a car that doesn’t meet your needs, buying a car you cannot afford, and overpaying for a popular model.
One of the biggest mistakes of all, though, is negotiating on monthly payments and not on total vehicle cost. If you do this, you will almost always end up paying more for a lesser vehicle. Dealers can use all kinds of tricks to get you the monthly payment amount you want. For example, they can extend the term of your car loan, which means you’ll likely pay more in interest in the long run.
You can avoid this by negotiating each part of the transaction separately, including the car’s purchase price, financing, the trade-in allowance, and any add-ons. “
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Read advice from car experts at Jerry
Browse by topics
What others are asking
How do I get a car restoration loan with no collateral?
I need $10,000 to do a frame-off restoration for a vintage truck I own, but I'm having trouble getting a loan. I went to a local bank, but they told me they can't give me a loan because I don't have collateral. Is there any way I can still get a car restoration loan?
Mar 12, 2021
Why did Allstate send me a check for my medical bills?
Why did Allstate send the check to me and not my doctor? I had to go get physical therapy after an accident and I told the therapists to bill Allstate.
Jul 03, 2021
If Progressive gave me a check for car repairs, do I need to use the money to pay for them?
What should I do with the money from my car settlement if I already repaired my car? I already had my car repaired by the time I got the check from Progressive.
Jul 03, 2021