Although shopping for a new car often sounds very glamorous, it can actually be quite painstaking. What initially can be a fun adventure can very quickly turn into a nightmare: you may not be able to find the car you want at the price you want. If buying a used vehicle, you may find the right model, but it may have too many kilometers on it. And then there’s the separate problem of attempting to get a car insurance quote, which may be far too high for your monthly budget, even if the initial price of the car is just right. Car shoppers and car owners can fall prey to many fraudulent practices as well, and that’s why we’ve created this helpful list of tips to help drivers save money on motor expenses and various fraudulent misdeeds.
If buying a used car, compare official MSRP prices to the price you are being quoted. You may be surprised by how many dealers or sellers try to inflate the prices of vehicles for very silly reasons. If a price is quite low, there is likely a fishy reason behind it as well. Some cars are salvage titles, meaning that they’ve been in a wreck before and subsequently fixed up with new parts, paint, etc. Many of these cars are perfectly fine to drive and are actually a great deal, but these cars can also be advertised as brand new. Some private sellers may downplay the extent of the damages and subsequent repairs of the vehicle, charging the prospective buyer more than the car is actually worth.
Whether you are purchasing from a dealer or a seller, it is important to think about the cost of repairing a car. If you’re buying a maintenance package from a dealer this may not necessarily apply to you, but the cost of repairs, and more specifically, the cost of car parts, can be incredibly expensive. Car accidents and mechanical failures happen, so be sure that you are aware of how much your car’s parts and repairs normally cost, and that you have a plan to pay for them (i.e. insurance, a maintenance package, out of pocket, etc).