There are several ways to go about buying a new car and save some money. Everyone and their uncle will try to give you advice on what’s right and wrong when it comes to getting your new set of wheels. Of course, most people are just passing along what they’ve heard. Even if the tips your friends or family give you come from their personal experience, the chances are good that your mileage will vary. Read on to learn about what car advice is worth listening to and which tips are common car buying myths.
Buy at the End of the Month
One typical car-buying tip is to wait until the end of the month. The basic idea is that dealerships have quotas for their sales team, so at the end of the month, you might get a good deal from a desperate salesman trying to meet a goal. However, this tip falls flat for several reasons. Any professional dealership won’t pressure you to buy, no matter how the business is doing. Whether it’s the first or the last of the month, our team is open to serve you with no pressure applied.
Well-meaning friends will advise you to buy used and save some money. A used vehicle depreciates more slowly and tends to cost less upfront. However, there are hidden costs to buying used, and dealerships usually have cost-saving incentives for buying new.
With a used car, you are often buying “as-is.” That means any problems that arise are on you to fix. New vehicles usually have convenient warranties, so you can rest assured that your car will be fine. Not to mention, financing a loan on a new automobile can make payments more manageable. Some dealerships even provide rebates or other discounts to make new cars affordable.
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People often give the advice that buying new can save you money on repairs. People also seem to think new cars are more reliable. However, a used version of a dependable model like a Honda Civic or Accord will still last.
It might seem weird that both buying used and buying new are myths about car buying. However, the reality is that what works for you is the best way to go when choosing a vehicle. That is also why buying at the end of the month is not as satisfactory as buying when you feel comfortable, find the right car, and have your finances prepared. If you want someone to give you good advice on car buying, stop by O’Daniel Honda in Omaha, Nebraska. We can help you drive home the perfect vehicle today.