Avoid Car Buying Mistakes in Edmonton, Calgary, Fort McMurray, and Cold Lake with YEG Auto Credit

March 30th, 2016 by

car salesman handshaking with cheerful young buyer
If you are new to the car buying process, or if it’s been a while since you made a vehicle purchase, you will want to ensure you get the best possible price throughout the process. In order to maximize your dollar at the car dealership, the drivers of Edmonton, Calgary, Fort McMurray and Cold Lake are coming to YEG Auto Credit. First, learn about some common car buying mistakes so that you can avoid them.

Not Getting Pre-Approved

When you get pre-approved for a loan, you’re coming to the table doubly prepared. By knowing how much you qualify for ahead of time will streamline your car buying process. It will also help you stay within your budget as you look at vehicle options. Further, it is important to consider the total cost of your loan, rather than the monthly payment. If you are promised a low monthly payment, you could be signing up for a much longer loan term than you realize.

Not Preparing for Your Visit to the Dealership

When you are on the lot of a car dealership, it is easy to get distracted by the many amazing vehicles you will see. Yet, you are purchasing a car to meet specific needs and within your specific financial situation. Before arriving, consider what features are necessary in your new vehicle. You may want to look at a new or a used vehicle, but considering these things ahead of time will help you focus when you are looking at cars.

Not Doing Your Research

Whether negotiating for the price of the vehicle, the terms of finance, or the price of your trade-in vehicle, you will arrive at the best possible outcome by doing a bit of background research. Knowing what the vehicle is worth or selling for at surrounding dealerships will help you negotiate a good price. Also, learn as much as you can about the vehicle you are considering; this will help you ask good questions before you settle on making a purchase.

Smart Buyers Come to YEG Auto Credit

The drivers of Edmonton, Calgary, Fort McMurray and Cold Lake are all coming to YEG Auto Credit to purchase their next vehicle. Contact our sales department for more information today!

Posted in Tips