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31
Jan 17

3 Pitfalls To Avoid When Buying A Car

by Matthew Ikin
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For most people, the experience of buying a car is filled with both excitement and trepidation. Excitement that you are ready to take the leap, and purchase a new set of wheels but also the trepidation of potential pitfalls that can arise during the buying process. These tips on how to avoid the more common pitfalls will ensure that your car buying experience runs as smoothly as possible.

Best time to buy

It’s no secret that dealers have quotas to make each month and this becomes particularly important at the end of the financial year. Buying around these peak times will often allow for more competitive offers to be made available with more room for negotiation. If the dealer is one or two cars short of their target, they will do anything to get your sale so negotiate for free extras that otherwise might cost you.

Don't let your emotions get in the way

 Falling in love with a car in front of the dealer  screams ‘that you are interested and have fallen for the car hook, line and sinker’ and this may mean that you get little flex on price. Keeping a straight face and not letting emotions overpower your decision will mean you will get the most out of the experience as well as the best price. Remember that cars aren’t like houses; they’re not one of a kind, so be prepared to walk away  to another dealership or to take some time to think if you are not confident with your decision.

Getting the right finance

It may be tempting to accept the first offer of car finance from the dealership, however it’s important to do your research to ensure that you’re getting the best loan available. You have worked hard to negotiate a great price on the car; why throw those savings away by paying too much for your finance? Begin your buying cycle by getting preapproved for a Pioneer Credit Connect car loan so that when it comes time to buy, you’re all ready to go. This will also assist you in knowing how much you can borrow and the price range of cars to look at – there is nothing worse than being disappointed if you are declined for a loan after falling in love with a car.

Whether you are getting ready to purchase a new car, looking to refinance an existing car loan or you are simply curious about how much you can borrow, we're here to help. The team at Pioneer Credit Connect has access to industry leading tools which will help you find the best car loan. Then all you have to do is enjoy the drive. 

Enquire for your new car loan here