Image: dailyproverbs.netMost will agree that outside of buying a house, car buying can be the biggest material purchase that is made by individuals.

But it’s interesting to note that while house shoppers will spend weeks, and even months on researching a house, some people will go into a car dealership with hardly any preparation at all.

One piece of advice that should always be at the top of the list is this: you never have to pay what the car dealer is requesting, even when cars are “on sale.” Always negotiate for better terms.

Negotiation Is Good

Bartering or negotiating for a better price is a worldwide accepted practice, and this sort of thinking should especially be geared towards purchasing a car.

If you are buying a car, you should never feel pressured salespeople, so-called “limited time offers” or specials that are only “good for today.” What isn’t said is that deals you see today can still be negotiated with the same terms tomorrow, or a week later.

Car dealers need to make sales to stay in business, and if it means coming up with a solution to match a “holiday special” they’ll do everything they can to give you the deal you're after if they know you are serious about buying from them.

Just remember, you are under no obligation to buy, and if you don’t get a good deal or feel you are being pushed around, just walk out the door. There are other car dealers that would love to do business with you.

Set Limits

All you may want out of your car buying experience is to find a car that is affordable and dependable. But car salespeople may try to steer you to other cars that are more expensive and offer you “easy financing terms.”

The monthly payments may be only a little bit more expensive for a “better car,” by $25-$50 per month, but consider that over the term of the car loan, those extra dollars may add thousands of dollars more.

Don’t Impulse Buy

For people who haven’t really done their research on the types of cars they are interested in buying, this puts them at risk for doing impulse buys, or buying with their emotions. This is the worst type of situation to be in because you’ll be vulnerable to bad advice and sales tactics.

Try to be like Mr. Spock in the original Star Trek series---logical with minimal emotion when you go car shopping.

Source: CNBC

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