388 King George Rd, Brantford, ON, N3T 5L8
My Garage

4 Simple Mistakes when Buying a New Car in Rockton

4 Simple Mistakes when Buying a New Car in Rockton

Buying a new car is an exciting time. There’s nothing quite like it. Picking up the keys, firing up the engine or electric motor and driving away with a completely new experience. We want everyone to have that experience, which is why our Rockton auto loans team is offering some practical advice on avoiding some mistakes when buying a new car.

 

Not setting a budget beforehand

 

If you have ever been to a dealership, you’ll know they are places specifically designed to part you with your money. We aim to deliver amazing value for that money, but it’s very easy to overspend.

 

Setting a budget early on in your car hunt can help avoid that. You will still need willpower and still be determined to stick to your budget but having an upper spending limit is essential when shopping for a new car.

 

Not doing your research

 

People spend hours researching purchases, so why wouldn’t you do it with a car too?

 

Research the car, the dealership and auto loans. Do as much research as you possibly can so you know the car, the model, the strengths and weaknesses of each trim and average values.

 

Research the dealership too. Read reviews, check social media and make sure the majority of the comments and reviews are positive.

 

Finally, research your auto loan options. We’ll help with that when you visit but if you have an idea of what you can afford and what term you think is viable, it will be better for everyone.

 

Not getting prequalified for an auto loan

 

If you’re planning on financing the car, not knowing beforehand if you’ll even qualify for the loan is a serious mistake when buying a new car. It gets your hopes up, wastes your time and can be quite an emotional blow.

 

As auto loan prequalification is fast, simple and free, there’s no reason why you wouldn’t do it right?

 

It doesn’t leave a mark on your credit report, it doesn’t impact your credit score and it doesn’t cost anything aside from 10 minutes of your time.

 

In return, it will give you a good idea of whether you’ll qualify for the loan or not before you begin car shopping for real.

 

Not taking a test drive

 

Buying cars is a lot about buying the right tool for the job but it’s also an emotional decision. You may not need a truck but you like them. You may not need a luxury SUV, but you want one.

 

Part of that emotional feedback will come from the test drive. Most cars are nice to look at but it’s only when you take it for a drive that you’ll know whether it’s really for you or not.

 

We recommend every buyer takes the car out for a drive before making their decision. We want it to be the right car for you and this is the only way to find out!

 

When you’re ready for a car lease or loan, get in touch with the Rockton auto loan experts at Northway Ford for great deals on auto finance.

 

Thanks for reading. Be sure to connect with us on Facebook, Twitter, Instagram, or LinkedIn to stay up to date on our latest great articles!

 

 

Categories: Car Loan

Tags: ,