Myths debunked

5 car buying myths debunked

5 car buying myths debunked

It can be easy to get caught up in the world of car buying. There is so much information available, you might wonder what is true anymore, and what isn't. The more you know about your experience, the better choices you'll be able to make. Here we'll look at five myths, and why they just don't hold true today.

Myth #1: I don't need an extended warranty, it's just a ploy to get me to spend more money.

While it may seem that every time you buy something these days, someone is trying to sell you an extended warranty with it. While some of these do seem like silly money making schemes (such an extended warranty on a fifty dollar toaster) when it comes to a car, these are truly there to protect you. The newer the car, the less expensive it will be, and often the warranty will pay for itself, and then some, over time.

Myth #2: Buying a car on a rainy day means cheaper prices.

This old method of trying to get a better deal on a rainy day just doesn't work. For some reason people think that a car dealership will be slow on rainy days, therefore the sales force is trying to make their numbers, no matter how much they have to slash prices. Actually, either the word has spread that this might be a good time to buy a car, or people just like shopping when the weather is yucky out, but it can actually get pretty busy on the car lot on wet days.

Myth #3: You should walk on the car lot cold and be prepared to walk out

There was a time that this was a productive method of getting a deal, but with our modern world and all of this information available, you should have some sort of idea what you want, and the price range that you are shopping in. Plus, bluffing the sales person and saying that you'll walk away from the deal if you don't get the price you want, isn't going to get you a car. The more information you have, the better. Have a list of questions ready, and act like a mature car buyer that is knowledgeable, not like someone playing a hand in poker.

Myth #4: Mention your trade in at the last minute to get a better deal

This is simply not true, and a lot of people still think that they will get a better deal if they wait until the end to mention the trade in. In reality, you're not changing the amount or saving any money. But it can add hours to your visit to the car dealership.

Myth #5: Pay cash to get the best price

There are some instances when cash is going to get you a better price, but when buying a car that just isn't the case. There are times when the dealership will offer cash incentives and other promotions, but unless you find yourself at one of those sales, cash works the same as other forms of payment.

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