Online buying is gaining traction since it saves you time, hassle, and possibly money. According to Mark Roemer Oakland, there are a few things you should know about before going through an online car purchase. Here’s what you need to know:
- Do your research – Online buying grants you immense advantages over visiting numerous dealerships in person. One of the advantages includes varying prices of the same vehicle across cities. So, instead of looking for cars available for purchase in your city, you can expand your search pool beyond the local dealers and save a hefty stack of cash. Online search allows you to compare prices without spending gas money for visiting those dealerships. If you like the price of your desired car at a certain dealership, you must look into it even further.
Check how long they have been in business and browse through the reviews and online comments. You can also dig deeper and search through the online news archive of the locality in which that dealership is based. The goal is to figure out if the dealership has a solid reputation for handling your money.
- Look for red flags – While everyone wants a fair and possibly cheap price for their new car, you don’t want to end up missing out on a lot more for a few more dollars. For instance, if you decide to lease a car instead of buying it, you may be missing out on a few extra features or bonus services for saving a few dollars a month. You would obviously opt for a lease car with free cleaning and concierge service every month if it requires you to pay a few dollars more. It is more convenient and not worth the cheap deal at the other dealers who charge $30 less on your monthly bill. When you buy a car it’s also important to check the vehicle history report. It can show you red flags like a certain type of accident that requires major structural reconstruction or too many owners before you.
- Check out all the financing options – You also need to check out all the financing options for your car. A lot of options give you numerous pros and cons. However, you may be able to find a better deal than what the dealer partners offer you. Even if you can shave off one percentage point from your interest rate, it can add up to a massive amount at the end of the loan period. Checking out all the options also lets you compare the total dollar amount you pay for interest. In the long run, you can potentially save thousands of dollars.
Mark Roemer Oakland suggests that you also check out the return policy. If you can return the car and switch to a different unit of the same model within a short period of purchase, it’s great since small minor differences in manufacturing can add up to your overall experience.