First-time car buyers on the lookout for the best car dealership offering the sweetest deals may find themselves in a labyrinth-like journey. It may be confusing to differentiate fact from fiction, so here’s a short list of car buying myths to help you get started on your hunt:
Myth # 1: It’s better to go dealership-hopping to find the best deals
While this remains a logical advice for people who shop in a car lot, it’s no longer a smart move in the Internet age. This is because most car dealerships and transactions can be done with a few clicks and taps. Doing transactions online allows you to manage your time efficiently. The proper way to do it is to check out the websites of different dealerships and compare their offerings. Then call them one by one if you want to negotiate some terms. When you found the right deal, visit the shop immediately to close it.
Myth # 2: Read every single word of the contract thoroughly
Unless you have so much free time reading that you don’t mind staying there all day, then do so. Keep in mind, however, that most sales contracts are boilerplate, meaning the state’s motor vehicle registry regulate them. While it may not be recommended to read all the words, it’s absolutely necessary to take note of all the numbers on the contract.
Myth # 3: Go car shopping on a rainy day
The logic behind this is that people won’t go out of their way to buy cars during a bad weather days, making dealers desperate to make a successful sale. The truth, however, is that many people have heard of this advice, meaning there’s actually more customers lining up. Many car salesmen have attested that they become extra busy on rainy days since people think it’s going to be empty.
Myth # 4: The best car pricing is always at the end of the month
Ninety percent of the time, car purchases made at the end of the month give buyers higher bargaining power when negotiating for the price. There are times, however, when prices can drop early on. Dealerships in colder climates tend to be very slow starting January, especially as the weather gets bad. If you’re planning on buying, see if the dealers are trying to move some volume first.