From Credit Score to Test Drives: Tips on Car Buying

Filed in archive Did you know , Facts on January 2, 2010

Today if you're keen on purchasing a new car, or even a low-mileage used car, the choice of makes, models, and bodystyles is staggering. So, too, are the prices. Which makes the process a challenge, when it should really be a pleasure. Personally I can remember when buying an automobile was fun but I'm not sure whether that holds true any more, so let me give you an assist with a brief reminder of how to make it easier and perhaps add a little excitement to the game.

My first rule is this: Don't be an impulse buyer... no matter how much you've fallen in love with that gorgeous red convertible allow a few days to calm down and approach things rationally. The second rule? Be absolutely certain you can afford it. Most people either finance or lease the car and therein lies a trap, for you can easily convince yourself that the monthly payments are within reach only to realise in a few months that your budget (the one you choose to ignore) is maxed-out. And before you approach a finance or leasing manager it's a good idea to go online and get a credit score, rather than find yourself red-faced when that normally helpful individual turns you down.

Once you've narrowed your choice to two or three models go to the Net and check for test drives. Almost every magazine and newspaper publishes reviews online, where the advantage is that you can compare the opinions of two, three, or a dozen reviewers without leaving your computer desk. A word of caution, though. Members of the automotive media, though knowledgeable, can be highly subjective and worse, might be influenced by the free press junkets given by the manufacturers. Plus, as enthusiasts, they tend to place too much emphasis on performance. How do I know this? Because I am one, although I no longer do new car testing. Don't get me wrong; these folks are honest and sincere but it pays not to rely on one or two opinions.

You've probably heard this a hundred times, yet it bears repeating. Do your own test drive. And be thorough; a quick jaunt around the block is not enough. Check acceleration, brakes, handling, then back at the showroom climb in and out of front and rear seats to compare access and roominess. If at all possible, drive on a highway or expressway for a few miles, making certain the vehicle has adequate passing ability. By the way, the dealer's not going to chain you to a sales desk afterwards so don't hesitate to say "thanks, I'll let you know my decision later." And finally, remember that the Internet is the quickest way to compare prices and get a quote. You don't have to traipse from showroom to showroom to get the best deal.

So there. Wasn't that fun? With these few tips car buying can be a pleasure again.

[Photo: Mercedes-Benz]