Buying a car can sometimes be more complicated than is strictly necessary. Finding the right model and the best dealership can take a lot of thought, but the process of buying a car, especially when buying new, is clouded by myths and misconceptions. Here are 5 of the top myths that exist for when buying a car:
- Buy at the end of the month
One of the most common myths about buying a car is that you can get a better bargain from a dealership if you buy at the end of the month. It’s believed that dealerships are more likely to be close to meeting their sales quota, and so they’re more likely to sell you a car at a lower price.
While there is something to it, it also remains that if the dealership has already met its quota, then the price you pay at the end of the month will be no different. It’s important that you buy your car at a time that is right for you.
- Sticking with the same Dealership
It’s a common misconception that you have to stick with the same dealership for servicing, and it’s often pushed that the dealership in question will provide the best services for your vehicle.
The fact of the matter is that there are plenty of dealerships and garages that can provide your car with a cost-effective and high quality service. Buy from the dealership that’s best for you, just don’t think that you’re tied to them for life for a service.
- Negotiating is Key
It would be nice to think that we could negotiate a good price for a car, but buyers rarely manage to get a good deal for one simple reason. The dealership knows the cars inside and out and will have the most control over the transaction. Often however, you may find the best deals for buying cars online with reputable dealers such as the AA.
- Pay Cash
Unless the manufacturer is offering you a cash-only incentive, it’s not going to be a better deal for you when buying a car. Dealerships are more likely to push for leasing and other finance options in order to benefit from; they have no real reason to offer you a great deal on a cash payment.
It’s best that you pick the payment method that suits you, rather than the other way around. It’s not always about getting the best deal!
- Limited Time Deals
You see limited time only deals for cars all the time, which should tell you why it’s a myth that you need to take advantage while you can.
If you miss one deal on the car you want, don’t think that that’s your opportunity gone out of the window. The chances are that another deal with be in place within a matter of weeks! Just make sure you’re not roped into a deal that’s actually not as good as it could be because you’re worried that the deal will go away.