Thinking about buying a car?

Whether it’s new or used, buying a car is a major financial commitment for most households, so it’s not a decision to be made lightly. AAA shares some tips to help you avoid buyer’s remorse next time you buy a car.

New or Used?
The answer to this question is really based on your personal budget and needs. It’s no surprise that a new car is more expensive. New cars also lose an average of 20 percent in value when they’re driven off the lot. On the bright side, new cars usually come with new-car warranties, which can offer valuable peace of mind. 

You’re also likely to find a greater selection of options and colors for the model of your choosing if a new car is in your budget. Used cars are cheaper, but buying one carries a little more risk depending on the car’s history. You can find out about a used car’s history with a CARFAX report.

It’s also good to have the vehicle inspected by a trusted mechanic, such as a AAA Approved Auto Repair provider. When it comes to used cars, AAA recommends that you think twice about purchasing discontinued models no longer supported by manufacturers, such as Peugeots, Pontiacs or Saturns. Steer away from vehicles with mechanical issues or questionable history.

Take a Test Drive
Give the car a thorough visual inspection before getting inside, looking for any damage or imperfections. During your drive, make sure the car fits you well physically and that you can see well. Be sure you can access all accessories and options easily.

Take note of the car’s power, handling, brakes and noise level. Drive the car on a variety of surfaces and at different speeds and see if you are comfortable parallel parking. It might also be a good idea to let the salesperson drive for a few minutes so you can focus on the comfort of the ride as a passenger without distraction.

Get Ready to Negotiate
Studying up on the car that you’re interested in will help you negotiate with confidence at the dealership. Know what the market value of your desired car is and understand that the salesperson is likely negotiating based on that number as well.

You will have a better chance at negotiating the price on a slow-selling model as opposed to a car that’s more popular. Also, remember to negotiate the final sale price so you aren’t caught off guard by additional taxes and fees. Buying a car is a major purchase for most people. Whenever possible, it’s smart to shop around for the best value before making your final decision.

When You Buy Your Car Matters
You can save money on a car if you wait until the right time. The auto sales business is all about supply and demand, something that fluctuates throughout the year. Car dealerships often have big sales from before the Christmas holiday through New Year’s Eve to hit year-end sales goals.

July through October can also be a good time to shop. This is when dealerships are trying to make space for the following year’s models. Late in the month and late in the week can also be good times to shop for a car if you are looking to negotiate a price since salespeople are eager to hit quotas and meet sales incentives.

AAA can help you through the car-buying process – from cash back, to price comparison tools to extended warranties and more. Visit AAA.com/AutoBuying to get started.

CAR BUYING WITH AAA