If you’re interested in buying a car at Abbotsford dealership, you may be dreading the process. Buying a car can be exhausting, and it’s a big decision. Even just thinking about shopping for a car at an Abbotsford dealership may make you tired, or fill you with a sense of dread.
However, buying a car doesn’t have to be an ordeal. If you follow just a few helpful tips, you’ll be able to buy a car in just a few hours.
Begin With A Budget
The first thing you should do – before you even begin shopping at a dealership – is build a budget that can determine which cars you should look at.
As a rule, your automotive expenses should not exceed 15% of your take-home pay. This includes both your monthly car payment and your automotive insurance. For example, if you make $40,000 a year, you should be spending about $500/month maximum on your car payment and insurance.
If you’re working with a lower budget, you can save money by purchasing a pre-owned or certified car, and putting down a large down-payment. This will reduce your monthly payments quite a bit, and still get you a great car.
Start With Online Research – Find A Car You Like!
All major car dealers have online car listings. Start browsing the dealerships near you to see if there are any cars you like, and if any fit your budget.
It’s a good idea to compare the dealership prices to Kelley Blue Book values while shopping for a car. This lets you see if you’re getting a good deal, or if a car may be overpriced.
Note that the sticker price does not include registration fees and taxes, which can easily add up to several thousand dollars. Take this into account when considering your budget, and choosing vehicles you may want to buy.
Once you find a few cars you like, and that appear to be a good value, it’s time to start shopping!
Bring Important Credit Application Documents With You – Or Get Pre-Approved
If you’re going to be applying for credit at the dealership, you’ll want to have some documents with you, such as:
- References (3 or more are often required)
- Proof of income (pay stub or bank statements showing income per month)
- Proof of address (a phone bill or utility bill works for this)
- Identification (driver’s license, passport, social security number, etc)
If you have all of these with you when you shop, you’ll be able to get through the application process much more quickly.
Alternatively, you could seek loan pre-approval from your bank or a credit union. If you get pre-approved, you can buy a car without filling out another credit application, or the dealer may be willing to cut you a better deal on your APR and loan terms.
Make Sure You’re Fed And Hydrated Before You Go To The Dealership
This may sound silly, but it’s a good idea. Buying a car can take hours – you have to look at each vehicle, examine it, test drive it, ask about loan terms, negotiate prices – there’s a lot to do. You may get tired during the process, and if you’re hungry or dehydrated, it may not be much fun.
Most dealerships offer water and some snacks, but you should make sure you drink plenty of water and eat a full meal before going to a dealership. This will help you keep your head clear, and aid you in avoiding fatigue during the process.
Realize You Can Always Back Out
Even if you have test driven a car, filled out a credit application, and begun preliminary negotiations for your loan, you can back out of the deal. As long as you have not signed for the car, you are not committed.
If you decide that you could find a better deal elsewhere, or that you’re not interested in a car, you can walk away. Your salesperson may try to pressure you to stay – or even make you a better offer – but you are fully within your rights to leave.
Follow These Tips For A Better Car-Buying Experience
If you follow the tips outlined above, you’re sure to have a more pleasant time shopping for your next car. Do your research, build a budget, bring in all the documentation you need, and ensure that you’ve got a few cars picked out that may be viable candidates.
Do that, and you’re sure to get a great deal on a car.