@Jeruba – here is the sum total of what I know when it comes to buying new cars..
1. My hubby is a “car guy” – he gets every magazine related to cars and Consumer Reports and cruises internet car forums where owners vent about problems their cars have, etc. You can be a bit like him and prevent yourself from buying a car with a “known” issue by visiting the forums a bit of any car you’re pretty sure you want to buy. (And yes, even new cars can have issues. We like to buy new and take VERY good care of our cars. We sometimes buy used cars..but when you buy new at least you’re not buying someone else’s problems and you’ve typically got a warranty in case anything major goes wrong.)
2. Drive ‘em. It’s free to go for a test drive – make a list of your top 3 or 4 cars that you think you want and go drive them. Just promise yourself you are not there to buy now – just to test drive. Heck, test drive them more than once at more than one dealership if you can!
I was fairly far along in considering getting a Subaru Forrester and then I drove it an didn’t like it nearly as much as I thought I would. I liked the Outback better.. but I liked driving the Kia Sportage and the Mazda CX-7 even more. When I travel for work I almost always drive a Rav4 – I like those, too…but I liked the interior trimmings (fancy bits) on the Mazda7 & Kia Sportage better. The fit & finish on those was nicer.
3. When you go to drive the cars you’re also sort of test driving the dealerships. If you don’t like the “vibe” or the attitude – make a note of the name and consider not working with those folks. Google dealerships to see what other people online say about ‘em.
When you get narrowed down to the make & model car you want try contacting the dealerships via their Internet Sales person. Most dealerships pick one guy (or gal) who handles providing sales quotes by internet. There are typically discounts available via their “internet” sales—sometimes it’s better than what you’d get on the lot in person. Negotiations are by email and upfront—- and typically include a discount. Be sure to tell them whatever you can about your trade in, if you have one. If you want to proceed they can have everything ready for you in advance (they know the car you want, they know your trade in—gets you in & out at the dealership in 1.5 or 2 hours instead of 3 or 4 hours of paper work..)
4. It can be worth it to finance if they offer a really good deal. So, hear ‘em out. Just be prepared with your OWN financing in case. When we were ready to buy we went to our Credit Union and asked for rates & terms – and were pre-approved. We knew we already had financing in place at a good low interest rate.
However, the dealer offered us 0% for 60 months. We pay NO interest on our new car. We put a lot less down than we planned – and we’ll wait to pay off the car after we pay some other higher-interest loans off first—because, no interest!
5. Know yourself – and give yourself permission to be picky. You don’t have to settle – no matter your budget.
I now know, really well, what makes me happy with a car. For some people the color of the car IS really important. If that’s you – don’t feel bad about it—when you’re spending this much money make sure you really, really love it.
You’re going to drive it every day for the next X number of years..make sure you don’t regret any aspect that you don’t feel was worth the trade off in money saved, etc.
It may sound silly to other people—but I had a perfectly nice Mazda5 that was all but paid off and fit most of my criteria (manual transmission, good stereo, fit me + the kids, sat up a little higher than a typical sedan, looked sporty) ...but it lacked the sun roof I’d really wanted…and I’d settled for a color I didn’t care for when we bought it. It wasn’t ugly by any stretch…I just didn’t love it.
We looked into adding a sun roof after-market..but in the end, hubby researched replacement cars for me. We ended up getting offered far more than we expected (about $2K over blue book!) for our trade-in—so we traded in the 5 and I got a Mazda7.. which had one less seat in the back (which is ok, because now our kids are old enough we can put one in the front seat if we need to) ..but had the magical sun roof AND something that makes me irrationally happy: the Mazda bluetooth radio can detect my iphone when I get in the car and just starts playing music from my preferred play list. It also does handsfree phone calls—I just say “Call Home” and it dials and connects me. It makes me feel like an episode of the Jetsons!
I love my car. It’s a little over a year old and I love it as much as the day I bought it. It makes me smile every time I climb in to drive it. If I won the lottery tomorrow I wouldn’t trade it in and get a different car. I wish the same for you, too. :)
Happy Shopping—good luck!