Car Buying Process
Research your needs and budget.
What is the first step you should take when buying a car?
Fuel, insurance, maintenance, and registration fees.
What are common ongoing costs of car ownership?
Signs of rust or damage that may indicate previous accidents.
What is a common red flag when inspecting a used car?
End of the year or during holiday sales.
What is the best time of year to buy a car for better deals?
Driver's license, proof of insurance, and financing paperwork
What documents are typically needed to purchase a car?
Cars lose value over time, reducing their resale price
How does depreciation affect car value?
It may indicate excessive wear or that the car has been sitting unused.
Why should you be cautious of cars with very low mileage?
They come with warranties and have been inspected for quality
Why should you consider buying a certified pre-owned vehicle?
The car’s performance, comfort, and features.
What does a test drive help you assess?
Insurance can significantly impact overall ownership costs.
Why is it important to factor in insurance costs when buying a car?
A car that has significant defects that the manufacturer cannot fix.
What is a “lemon” in car buying terms?
It can lower the purchase price and improve financing terms.
How can negotiating help you save money on a car purchase?
To check for previous accidents, title issues, and ownership history.
What is the purpose of a vehicle history report?
Approximately $500 to $1,000, depending on the car and usage.
What is the average annual maintenance cost for a car?
It may indicate they are hiding issues with the car.
What does it mean if a seller pressures you to make a quick decision?
It gives you a better understanding of your budget and strengthens your negotiating position.
What is the benefit of getting pre-approved for a loan?
Applying for a loan, getting approval, and understanding terms and interest rates.
What is the financing process when buying a car?
Higher fuel efficiency reduces fuel expenses over time.
How can fuel efficiency affect the total cost of ownership?
Check reviews, ask for references, and verify their dealership license.
How can you verify the legitimacy of a seller?
To ensure you get the best price and financing options available.
Why should you compare multiple dealerships before making a purchase?