Buying a car is a decision not to be taken lightly. That doesn’t mean you should start panicking right now, but you do need to be very careful, since it is a significant investment. What makes the process even more difficult is the fact that working people, especially active businesswomen don’t have so much time to do thorough research before making the final decision.
So, if you’re one of those people, who can’t afford to explore every single option out there, but need to buy a car that would be reliable and safe and which wouldn’t require a lot of maintenance, you should check out these tips.
New or used?
Depends on how much money you can afford and what kind of deal you can get. A new one will give you fewer headaches when it comes to reliability, but you have to be prepared that it would rapidly lose its value over the first few years.
On the other hand, a well-maintained used car with low mileage can be just the right thing for you. You might be able to find a used car by a more renowned manufacturer with much better equipment and features than some of the new models out there.
Know what you want
Buying a car involves several stages, such as choosing the car, negotiating the price and structuring your payment. It is vital you stick to your plan. Don’t make compromises in any of the stages. Buying a wrong car, accepting a price that is too high or striking a deal that would see you pay much more than you originally thought are all equally bad for you.
Timing means a lot
You can expect dealerships to offer great deals throughout the year, since they have to meet certain monthly or quarterly quotas, but a lot of people claim that the spring months should be avoided. Also, try to finalise the deal towards the end of the day, since you’ll stand better chances of getting something extra.
Don’t volunteer information
You don’t want to tell a salesperson how much money you’re willing to spend or what you’re planning to do with your existing car (or even if you have one!). Just tell them you’ll be paying in cash or even keep that information to yourself unless they are likely to offer additional perks. You need to be patient, but also ready to say “no” and walk away if you see that the negotiations are leading nowhere.
Find a mechanic before the purchase
It’s a good idea to look for a reliable mechanic before you buy your next car. You want someone who knows that particular brand and who is, hopefully, not far away from where you live. You might want to hire them to examine your car before you sign the papers if you’re buying a used car. They’ll be happy to do that for a small fee, since you might become their regular customer. They might even let you in on something you never thought existed, as these latest tyre innovations, for instance.
Do online research
There is a great advantage you should take when looking for your new car. An active businesswoman doesn’t have time to visit all the dealerships and inspect all vehicles. Instead, she should narrow down the search by locating local dealerships and their offers via the Internet. You may even negotiate the price online and save time, but it’s important that the car is inspected by a reliable mechanic before you sign the contract.
They expect you to cave in
Car salespeople expect you to cave and make concessions if they persuade you that what you’re looking for is unrealistic. Their job is to get as much profit as possible, but you don’t want to be at the paying end. After all, you haven’t become a successful businesswoman by showing weakness, right? Just saying “I’ll think about it” will probably make a salesperson call you very soon with an improved offer.
Read the contract carefully
They might want to add some extras, such as extended warranty, paint protection and rust proofing at additional cost, but you have to know that they are total gimmicks and you shouldn’t accept to pay for those. If they want to throw them in for free, it’s OK, but don’t let them make you believe they are doing a great service to you.
Being a businesswoman is not easy, with so many obligations at work and home, that every help that you can get when it comes to saving time and making the right calls is more than welcome. Cars are an expensive investment, which is almost always necessary. So, you don’t want to invest in a product that you’ve overpaid or which won’t be reliable enough to take you to your destination. However, if you follow these tips and know exactly what kind of car you want and need and how much money you’re ready to spend, you’ll be able to add a successful car purchase to the list of your great achievements.