Call 4 Action
Smart car buying tips
MILWAUKEE - Nice weather, nice tax returns and a desire for a new set of wheels are driving people to want to buy a new car.
But, before you head to the dealership, you might want to do some homework.
What do people need to do before they head to the showroom?
So many people say, "i'm just going to look." but, unfortunately, they may get so caught up in the process that they end up buying without taking the time to think things through.
Before you head out to buy a car,
• Do some research with well known car buying or consumer websites.
Price and features are important, but reliability and cost to own are equally important.
• If you plan to trade your vehicle, make sure that you know what it is worth, and that you consider whether it is better to trade it or sell it on your own.
• If you need financing, shop around with several banks and credit unions.
Ask questions like how much can you borrow, at what interest rate and monthly payment, and the terms and conditions of the loan.
What do you do if you agree to buy, but change your mind before your pick up the vehicle?
Be careful. Unlike other purchases that may have a three day cooling off period, most car sales will not.
Once you agree to buy, you may be obligated to take delivery, or face a hefty penalty.
Before you sign, pay any money, or shake on the deal, make sure that you read all purchase and financing agreements very carefully, and that you are sure of what you are getting.
If you run into problems during the sale, where can you turn for help?
Contact the dealer licensing section of the Wisconsin Department of Transportation or consumer resources like our Call 4 Action office or the Better Business Bureau.