If you’re wondering how to get the best car finance deal, you should understand these 9 common car financing mistakes which could cost you thousands.
Buying a new car is one of the most exciting feelings in the world - and this can cause our heart to lead our head. We all want the satisfaction of driving our dream car, but it’s important to understand that a car is also a long term investment. Making a mistake whilst negotiating your vehicle finance can ultimately cost you thousands in the long run.
If you know how to get the best car finance deal, you can avoid the stress and headaches caused by purchasing a car that puts strain on your monthly budget. Here’s a list of the most common (and avoidable) mistakes you can make when negotiating a deal on your new car.
If you’re planning to trade in your existing car, try to establish its current book value. You can print out the details and take them with you to your dealer so that nobody tries to take you for a ride. Whilst any reputable dealer is unlikely to offer you less than your car’s worth, it’s better to be on the safe side. Knowledge is power.
You can get a free estimate of your car’s current trade-in and retail value from Book Value, an online car book value calculator.
Before you set out to buy your next set of wheels, make sure you won’t be kicking yourself on the drive home from the dealership. You don’t want to spend the next three to five years hemorrhaging money because you didn’t do your homework!
If you’d like some more insider tips o help you secure the best possible deal on your new car, download our handy list of questions to ask your dealer or use our instalment calculator to compare premiums.