Top 5 Myths About Buying a New Vehicle
There are many myths that revolve around buying a new vehicle at a dealership. As your premier car dealership at the Lake of the Ozarks, we felt the need to cover a few of these myths and show you reasons they’re simply not true. In order to get the best experience when you’re in the market to buy a new vehicle – information is key. Here are the top 5 myths about buying a new vehicle.
#1 – The Best Deals are Online
There is the belief that to find the best deals, one must
shop online. While the internet is a great tool for researching information
about vehicles, saying it’s mandatory to find a great deal is simply not
true. The online price typically doesn’t include a portion of the actual deal
such as interest rates, closing costs, etc. A dealership will cover all of
these points upfront to help curate a deal that is designed with you in mind.
#2 – Cash is King
Many dealerships have incentives for financing vehicles you
purchase from them. Therefore, they’re more likely to give you special
incentives for choosing to finance with them. Dealerships can form-fit a
financing plan that works for your budget.
#3 – You Must have 3rd Party Financing
While you can get preapproved financing from a lender, this
is a similar concept to bringing cash to the table. You’ll likely miss out on
financial incentives that you could receive if you financed the vehicle with
the dealership directly, such as a lower interest rate or better terms.
#4 – Always Buy at the End of the Month
The thought here is that you’ll get a better deal because
the dealership is in a crunch and trying to meet their quota. The problem here
is, you’ll never know if they are. If a dealership has already met their quota
for the month, then buying at the end of the month provides no benefit to
shopping them any other day of the week. If you’re looking for a new ride, it’s
best to just discuss your wants and needs with the dealership as soon as you’re
in the market.
#5 – Trying to Trick the Dealership into a Good Deal
Dealerships are always motivated to move vehicles, and they’re not looking to gouge their clients going into the transaction. They value you as a client and therefore are going to work with you to get you the vehicle you want at a price you can comfortably afford. Furthering the reason to talk with your dealership about your expectations for the vehicle you want and your budget. So, they can curate a deal that suits your needs.
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