Car Buying Mistakes – No Research

[../_global/adsense/350x250.htm]

Many times when I am discussing how to buy a car or offering some car buying tips to friends or responding to the emails I get here, I find myself discussing what to do or the best way to do that in the car buying process.

Sometimes, however, the more effective approach may to talk about what not to do when you are trying to get your best car deals.

So with that in mind let’s take a look at some of the pieces of the car buying puzzle and what you should not do while car shopping and car buying.

I haven’t really organized this series of articles in any particular order except for the first couple which aren’t directly related to dealing with a car salesperson, but you should understand before you even venture out into the car buying arena.

The first mistake you can make before you even get started and that will ultimately put you behind the proverbial eight ball is no doing your research.

With all of the online abilities, and the ease at which this crucial car buying research can be obtained, there is no excuse for not doing this. Edmunds.com , Cars.com  and Automotive.com  are great sites… so get started.

Shame on you, if you don’t. 

You’re going to need to know the invoice price on the car you are looking at because (if you have been around this website) you know that you never negotiate from the MSRP (sticker price) down.

You always car price negotiate from invoice up.

Additionally, if you don't do any research, are you going to know a good deal if you see one?

Seriously, if you can't confidently answer that question with a 'yes', then you'd better do some more homework.

And while your researching possible vehicles, be sure to include in your research numbers how each car holds its resale value. When it comes time to trade this can save you some bucks as well.

In summary, not doing your research or not doing your research well, is a recipe for overpaying when you buy a car. Once you get started you’ll be amazed and maybe somewhat overwhelmed with the amount of information available.

Where do I get started with some reliable information?

As mentioned above, here are three very good resources for you.

Next Mistake Car Insurance Costs

Shop, Save and Switch to GEICO today! Instant online quotes