No matter how old or young, everyone makes mistakes. We’ve all been there, so it’s nothing to be ashamed of. After all, the best way to learn is by making mistakes. However, when you’re purchasing your first-ever car, you want to ensure you’re thinking in advance and making the best decisions possible.
Mistakes Made by First Time Car Buyers
In this guide, we will be exploring the most common mistakes that first-time vehicle buyers make and how you can avoid them. Keep reading to find out!
1. Not Doing Your Research
Before you even think about setting foot in a dealership, you’ll need to do your research. In this scenario, the Internet is your best friend. However, don’t be afraid to ask a friend or family member with a passion for cars for some extra advice.
2. Not Asking for a Test Drive
The motto “try before you buy” should most definitely be applied to vehicle purchases. If you’ve managed to narrow down your potential choices, you should ask for a test drive to see which vehicle you feel the most comfortable in. Trust your instinct and opt for the one you liked the most.
3. Not Getting Extended Warranty
Although most brand-new cars come with a certain period of warranty, it’s very unlikely that you will use this insurance in the first few years. Don’t be afraid to seek out reputable extended car warranty companies in your area that can cover the costs of any future mishaps.
4. Not Opting for Short-term Finance
Although both short and long-term financing options can help you secure your first vehicle, it’s often better to opt for a short-term finance facility. Borrowers can benefit from lower interest rates when they choose a short-term finance plan.
5. Not Calculating Expenses
When you start looking at potential vehicles, you should always factor in potential expenses. Sure, you may have the money to purchase a Range Rover, but will you have the money to run it? Think about additional factors such as fuel consumption, maintenance work, and insurance rates.
6. Not Looking at other Dealerships
Don’t settle for the first dealership you come across. If you have an idea of the car you would like, make sure to shop around and see who can give you the best price. Perhaps one dealership can throw in a few extras to sweeten the deal.
7. Not Considering Second Hand Vehicles
At the end of the day, a brand-new car is not the best investment to make. The minute you get your vehicle on the road, it will depreciate. There are some fantastic options in the second-hand market so don’t be hesitant to browse.
When it comes to purchasing your first vehicle, you want to make sure you have a pleasant experience. More often than not, the excitement of being able to get on the road can overshadow your judgment and lead to some poor decision-making. We hope this guide has helped widen your horizons and gotten you excited about your first car. Stay safe on the road and happy cruising.