Car Buying Mistakes (Part 1)

Buying a car is an important step in one's life that requires a solid investment. However a lot of people seem to underestimate the importance of it and tend to buy a car in a hurry and regret about it later. Hope with the help of our car buying mistakes list you will become a smart car buyer from a car buying victim.
Mistake 1 Impulse Car Buying
The worst thing when buying a car are emotions. Car salesmen know how to make money on your emotions and weaknesses. They also know that if you leave the dealership without buying car, most likely you won’t be back, so they’ll do everything to get you into a deal. Avoid statements like "I'm in love with this car" or "I should buy this car". Keep calmness and do not show your emotions.
Mistake 2 No Research
Research, research and again research… Only it will give you the information you need for arriving at a decision. Conduct a research about cars that includes:
a. safety
b. recalls
c. resale value
d. maintenance and repairs
e. range of car prices for the make and model you want
Mistake 3 Overestimating your Needs
Buy a car that suits your current needs. Many car shoppers make the mistake of buying a car that does not reflect their actual needs, instead they opt for a vehicle that suites their future plans or perceived future needs. For example, a buyer who plans to own a boat may buy an SUV without owning any boat yet.
Mistake 4 Forgetting about the True Cost of a Hybrid
Hybrid vehicles are priced much higher than regular vehicles. Just subtract the cost of the regular vehicle from that of a hybrid one and you'll see the premium you pay for the hybrid. Now calculate whether or not the fuel savings will cover the price of the hybrid pay over the number of months you own the vehicle. It won't!
Mistake 5 Purchasing a Car without Having Shopped for the Insurance
People are often tempted to buy a new car without thinking much! The shiny new car captivates their brain and leaves no space for common sense. Hang on please! Remember about the drastic increase of the insurance costs when going from an older car to a new one, e.g. going from a Toyota Altima to a Corvette will increase the insurance costs significantly and may even make the car purchase unaffordable.