{"id":2332713,"date":"2024-08-28T15:29:53","date_gmt":"2024-08-28T19:29:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-five-biggest-mistakes-people-make-when-buying-a-car\/"},"modified":"2024-08-28T15:36:52","modified_gmt":"2024-08-28T19:36:52","slug":"the-five-biggest-mistakes-people-make-when-buying-a-car","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-five-biggest-mistakes-people-make-when-buying-a-car\/","title":{"rendered":"The Five Biggest Mistakes People Make When Buying a Car"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fthe-five-biggest-mistakes-people-make-when-buying-a-car%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2332713&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The \u200darticle discusses common mistakes made by car buyers and provides\u200c advice\u2064 on how to avoid them. Key errors include:<\/p>\n<p>1. **Trading in a Vehicle \u200bwith Negative\u2064 Equity**: Many consumers find themselves owing more on their trade-in than it\u2019s\u200c worth, which can\u200c lead to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/weekly-mortgage-demand-rises-for-first-time-since-early-march\/\" title=\"Weekly Mortgage Demand Rises for First Time Since Early March\">higher monthly payments<\/a>\u2062 when the debt is rolled into a new car loan.<\/p>\n<p>2. **Rushing into a \u2063Purchase**: \u2063Buyers often feel pressured to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-desantis-torches-biden-for-being-passive-on-world-stage-leaving-middle-america-behind\/\" title=\"WATCH: DeSantis Torches Biden For Being \u2018Passive On World Stage,\u2019 Leaving Middle America Behind\">make quick decisions<\/a>, especially if their current vehicle \u2064is no longer usable. However, taking the time\u200d to research options can prevent poor choices.<\/p>\n<p>3. **Visiting Only One Dealership**: Shoppers may limit themselves by not comparing offers \u2063from multiple dealerships, impacting their ability to get the best\u2064 price.<\/p>\n<p>4. **Confusion Over Pricing**: Some \u2062buyers may feel overwhelmed by\u200d various costs presented by salespeople. \u200cIt\u2019s crucial to\u200d understand market value and focus on key financial figures, such as\u2062 the total \u200cprice after taxes\u200b and the \u200dtrade-in value.<\/p>\n<p>Ultimately, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/crisis-as-bad-as-2008-democrats-spotlight-consequences-of-a-us-default\/\" title=\"Crisis as Bad as 2008: Democrats Spotlight Consequences of a US Default\">article emphasizes<\/a> \u2063that taking the time to \u2063consider options and understand the\u200c terms \u200cof a car deal can save buyers significant money.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> <script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><\/p>\n<p>Car buyers have more tools than ever to get the right vehicle at the right price. Still, mistakes can happen quite easily. Often, car buyers get blinded by emotion or rushed timing. Edmunds&rsquo; experts reveal the five biggest mistakes car shoppers often make and offer tips to avoid them.<\/p>\n<p><em>Trading in a Vehicle with Negative Equity<\/em><\/p>\n<p>Being upside down on a trade-in vehicle is occurring with increasing frequency. According to a recent <a href=\"https:\/\/www.westernjournal.com\/ap-edmunds-admits-3-big-problems-towing-electric-pickup\/\" target=\"_blank\" rel=\"noopener\">Edmunds<\/a> report, nearly one in four consumers who financed a new vehicle purchase with a trade-in during the second quarter of 2024 were underwater on their prior car loan.<\/p>\n<p>&ldquo;Upside down,&rdquo; &ldquo;underwater&rdquo; and &ldquo;negative equity&rdquo; are interchangeable terms for a bad situation: All three mean that the car owner owes more on the loan than the vehicle is worth. Not only has the number of upside-down trade-ins grown since 2022, but so has the amount owed on those loans.<\/p>\n<p>If, for example, you are $5,000 upside down on your current vehicle and decide to trade in this car and buy a new one, you will have to pay the price of the new car plus the $5,000 you owe on the current car. Your monthly payments will be much higher because you are rolling over what you owe on your old car to the loan on your new one.<\/p>\n<p>  <script> \t\t\t\tif( ! getCookie( 'ff_subbed' ) ) if( typeof FFADS.replace_ict !='undefined' ) if( FFADS.replace_ict ) eval( FFADS.replace_ict ); \t\t\t<\/script> <\/p>\n<p><em>Rushing Into a Vehicle Purchase<\/em><\/p>\n<p>There can be legitimate reasons to expedite a vehicle purchase. Perhaps your vehicle was totaled in an accident, or maybe it broke down and it is not worth paying to fix. Either way, you will need a new car right away. But many shoppers do not think about doing valuable <a href=\"https:\/\/www.westernjournal.com\/researcher-dead-experimental-hybrid-electric-car-explodes-driving\/\" target=\"_blank\" rel=\"noopener\">research<\/a> beforehand.<\/p>\n<p>There will be new and unfamiliar automotive features and technologies worth knowing about, especially if it has been a while since you bought a new car. If you take your time, you will also be able to get several quotes before you commit to a deal and have time for a vehicle inspection if it is a used car.<\/p>\n<p>Even if you need to replace your car quickly, it is often better to find alternative transportation while you research a new vehicle purchase. Renting a car for a few days might cost a few hundred dollars, but that is better than picking the wrong vehicle or getting suckered into a bad deal.<\/p>\n<p><em>Going to Only One Dealership<\/em><\/p>\n<p>This mistake is often made by shoppers rushing to find a new vehicle. Be sure you give yourself time to make wise choices when you need a car quickly. Most price research can be done online or on your phone without leaving home. Avoid walking into a dealership and making a <a href=\"https:\/\/www.westernjournal.com\/marxist-professor-explains-hard-itll-purchase-ps5-socialism\/\" target=\"_blank\" rel=\"noopener\">purchase decision<\/a> without looking elsewhere.<\/p>\n<p><em>Getting Confused Over Dealership Pricing<\/em><\/p>\n<p>Some shoppers will be overwhelmed by a salesperson throwing around lots of numbers including the asking price, trade-in value for your car, cash down and monthly payment. Though there are fewer dealers practicing confusion tactics than there used to be, it is good to be prepared to combat them should they arise.<\/p>\n<p>To start, do your research to determine the market value of the vehicle you want to buy before you begin to negotiate. This figure will serve as the backbone of your strategy and give you a reference point. From here, it is best to keep it simple and focus on two numbers: the out-the-door price of the car &mdash; that is the sales price plus fees like tax and license &mdash; and your trade-in value.<\/p>\n<p><em>Edmunds Says<\/em><\/p>\n<p>Taking a little more time to consider all the options and thinking carefully about the terms of a car deal may save you thousands. It is time &mdash; and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/one-massive-money-problem-democrats-could-have-if-they-replaced-biden-washington-examiner\/\" title=\"One massive money problem Democrats could have if they replaced Biden - Washington Examiner\">money &#038;mdash<\/a>; well spent.<\/p>\n<p style=\"font-style: italic;\">The Western Journal has reviewed this Associated Press story and may have altered it prior to publication to ensure that it meets our editorial standards.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\">  <\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> <label>* Name<\/label> <br \/> <input type=\"text\" name=\"name\" required> <\/div>\n<div class=\"sc--field\"> <label>* <\/label> <br \/> <input type=\"text\" name=\"\" required> <\/div>\n<p> <label>* Message<\/label> <br \/> <textarea name=\"message\" required><\/textarea>  <\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> <input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\">  <\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> <script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script>  <\/div>\n<p>   <script>console.log(\"ad slot (BA1)\")<\/script> <\/p>\n<div class=\"ff-fancy-header-container\">  <\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<div class=\"insticator-ads additional\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Car buyers today have access to more resources than ever to find the right vehicle at the right price. However, it&#8217;s still easy to make mistakes, often due to emotional decisions or hasty choices. Experts from Edmunds highlight five common errors that car shoppers frequently encounter and provide advice on how to steer clear of them.<\/p>\n<p>1. **Trading in a Vehicle with Negative Equity**: The issue of being &#8220;upside down&#8221; on a trade-in is becoming increasingly common. A recent report from Edmunds indicates that nearly 25% of consumers who financed a new vehicle purchase with a trade-in in the second quarter of 2024 were underwater on their previous car loan. Being &#8220;upside down,&#8221; &#8220;underwater,&#8221; or having &#8220;negative equity&#8221; means that the owner owes more on their loan than what the vehicle is worth. Not only has this situation become more prevalent since 2022, but the amounts owed have also increased. For instance, if you owe $5,000 more than your current vehicle&#8217;s value and decide to trade it in for a new one, you&#8217;ll need to cover both the cost of the new car and that $5,000 debt, resulting in significantly higher monthly payments as you roll over your old debt into your new loan.<\/p>\n<p>2. **Rushing Into a Vehicle Purchase**: There are valid reasons for needing to buy a car quickly\u2014such as an accident totaling your current vehicle or an irreparable breakdown\u2014but many buyers neglect essential research beforehand. New automotive features and technologies may be unfamiliar if it\u2019s been some time since your last purchase. Taking extra time allows you to gather multiple quotes before finalizing any deal and gives you an opportunity for thorough inspections if considering used cars. Even when urgency arises, finding temporary transportation like renting can be worthwhile compared to hastily choosing an unsuitable vehicle or falling victim to unfavorable terms.<\/p>\n<p>3. **Visiting Only One Dealership**: This mistake often occurs when shoppers feel pressured by time constraints while searching for a new car. It\u2019s crucial not only to act quickly but also wisely; most pricing research can easily be conducted online without leaving home first\u2014so avoid making impulsive decisions based solely on one dealership&#8217;s offerings.<\/p>\n<p>4. **Getting Confused by Dealership Pricing**: Some buyers may feel overwhelmed by salespeople presenting numerous figures such as asking prices, trade-in values, down payments, and monthly installments\u2014all at once! While fewer dealers use confusing tactics nowadays compared with before, being prepared can help mitigate this issue should it arise during negotiations.<br \/>\n   Start by researching market values for desired vehicles prior so you have solid reference points during discussions; focus primarily on two key numbers\u2014the total out-the-door price (which includes sales price plus taxes\/fees) and your trade-in value.<\/p>\n<p>Edmunds emphasizes that taking additional time for consideration regarding all options\u2014and carefully evaluating deal terms\u2014can lead potential savings amounting into thousands of dollars\u2014a worthy investment of both time and money! <\/p>\n<p>The Western Journal has reviewed this Associated Press article which may have undergone modifications prior publication ensuring adherence editorial standards<\/p>\n","protected":false},"author":1,"featured_media":2332714,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/d7c1fb5ca5fe43a396ade3b7aadff190-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[39569,39570,15649],"class_list":["post-2332713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-car-buying","tag-consumer-tips","tag-mistakes"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/d7c1fb5ca5fe43a396ade3b7aadff190-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2332713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2332713"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2332713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2332714"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2332713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2332713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2332713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}