With 4th of July right around the corner, car shoppers will rush to dealerships, hoping to get a good deal. If you’re going to be one of them, you will want to do some research first as the car market looks different than it has in past years.
Before you head to your local dealership, make sure to properly strategize your steps so you can ensure that you get the best deal possible!
4 Mistakes to Avoid When Car Shopping on July 4th
1. Not Getting Pre-Approved for a Loan Before Going to a Dealership
It’s exciting to be able to shop for a new car but you don’t want to forget about getting pre-approved for a loan first! In fact, this should be one of your first steps before you even walk into a dealership. Car dealerships offer their own financing programs, but they usually aren’t as great as getting pre-approved at a bank, loan lender, or credit union.
Before you head to your local dealership, make sure to shop around and get pre-approved first. Find the best deal you can get with you current budget, and then you’ll be able to take that to your dealership for leverage!
2. Don’t Expect A Lot of Variety Within Inventories
Unfortunately, many dealerships are still suffering from the effects of the microchip shortage, which means inventories are limited. If you had your heart set on a specific type of car and haven’t been able to find it near you, you might want to re-strategize.
Instead of just hoping for one type of car, create a list of what’s available at the dealerships around you, and narrow down what vehicles you’d like to buy from there. Thankfully, most dealerships will have their inventories online so you won’t have to leave home to do this. You’ll want to give yourself as many options as possible to avoid any issues once you’re ready to buy!
3. Don’t Negotiate for a Better Deal
Did you know: negotiating can actually get you a worse deal than you were expecting? With the current microchip shortage happening and a post-COVID economy, you wouldn’t want to try to negotiate anyways because it’ll take you and your dealership a long time to come to a deal that benefits both sides.
Instead, you could visit a fixed-price dealer, such as CARite, that will give you all car costs upfront. By taking this route, you won’t have to negotiate at all, and there will be full transparency of everything you’re paying. Ultimately, the goal with fixed-price dealers is to ensure you’re getting the best deals on the market without having to invest a lot of time and effort going back and forth at the dealership.
4. Don’t go with the First Deal You’re Given
It’s tempting to take the first deal you’re given because you want to save time, and you just want to be able to drive your new car off the lot. You don’t want to do this because there could be many other better offers waiting for you!
When you get an idea of what a dealership will offer you, take that price point, and then go around to other dealers near you to see how they compare. Once you do this and get a concrete idea of what they all can give you, you can make a better decision on which deal to go with.
CARite is Here for Your 4th of July Needs
Because CARIte is a fixed-price dealership, we are ready to handle all your car buying needs before the long weekend. We’ll be able to provide you with a breakdown of all costs upfront, and how they compare to current market prices. so you’ll understand each pricing factor of your new car.
With our pricing methods, you’ll also be able to take your new car off the lot in no time at all. We don’t want our customers sitting in at our dealerships for hours, having to go back and forth on deals when they could be enjoying the hot, summer holiday instead.
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