Lipscomb Pruitt Ford: Car Buying 101

Although purchasing a new automobile is a thrilling experience, it can also be a stressful and costly one if you don’t follow a few basic guidelines. Thankfully, there are a plethora of options to assist you discover the right automobile at the right price.

One of the few remaining shopping experiences that still needs customers to negotiate is the purchase of a car. The better the outcome, the less you should let your feelings enter into it. The greatest way to have a pleasant shopping trip is to go into it prepared. Every negotiation involves some back and forth between parties; it’s important to know when to stand strong and when to bend.

The following are some things you should and should not do when purchasing a vehicle from a dealership.

A buyer’s greatest buddy is information gathered prior to the purchase. You may look into ratings for both safety and dependability in addition to finding information on cost and features.

Consumers can see, for instance, how new automobiles stack up against others in their class in terms of performance and dependability thanks to the new car rankings.

Information about the dealer’s purchase price, current market prices, and the worth of your trade-in may all be found online. 

Don’t Visit a Dealer Without a Pre-Approved Loan

The finance departments of modern automobile lots are where most of the money is made for the dealerships. If they are successful in convincing a customer to secure a car loan, they will get a commission. It’s possible that the deals they promote are excellent, but clients shouldn’t assume that they’re also the best for the dealership.

Get a pre-approved loan before visiting dealerships. Click here to read more about pre-approvals. In this approach, the dealer will have to compete with better pricing if they want your business. 

Get in Touch with Your Insurance Provider First

It’s a good idea to consult with an insurance professional before making a final selection, since the cost of coverage might vary widely depending on the vehicle chosen. When you buy a brand new automobile, the last thing you need to worry about is finding out that insurance is outrageously expensive.

Vehicle service contracts and GAP insurance ( are only two of the numerous options provided by insurance firms that are similar to those presented to you in the dealer’s finance office. Products offered by your insurance provider will often be far more cost-effective, but you should constantly evaluate the finer points to assure value.

Paying with cash is OK, but that shouldn’t be the first thing you mention.

You should absolutely buy a vehicle with cash. Yet, it’s not a good idea to let the dealer know that you’re considering doing so. The dealer’s motivation to cut a deal with you will decrease if they anticipate losing money on the auto loan they’re extending to you.

Don’t bother discussing finance just yet; instead, focus on lowering the price at which you’ll have to buy the car. And if they locate you a great offer with no interest, it may be wise to hold off on spending until then.

 One must be familiar with one’s financial situation and credit rating.

What you can pay each month and all at once is really important information. You can’t make a smart automobile purchase without knowing your budget and loan amount, so don’t walk in without them. Car prices are just one variable that shoppers must consider. It’s important to consider the whole cost of ownership, including insurance, gas, and repairs, when shopping for a new vehicle.

You Shouldn’t Focus on the Money Alone

Paying too much attention to the monthly payment is a common mistake when purchasing a vehicle. Instead, you should calculate the whole price of the loan, including interest and any additional charges you could incur. If delaying payments by a year means losing that $20 each month, it’s not worth it. Also, don’t forget to weigh in additional military and first responder discounts, which may save you more money off the overall price. Check out for reviews on dealerships specifically offering discounts close to base. 

Go for a Spin

Try out the vehicle you’re thinking of buying before making a final decision. Driving for only 10 minutes will teach you more than hours of reading. Focus on your convenience and your ability to view out of the car.

If you’re in the market for a new automobile, it’s important to test drive the model you’re interested in, not simply a comparable model. Unfortunately, not every new car is flawless, but a thorough examination and test drive may help you spot flaws before you take it home.