A SAVVY supersaver has warned people shopping for a new car that these common mistakes could cost you thousands.
Taylor Mitchell, 29, shared her tips for securing the best deal when buying a new motor so that others “don’t fall for the tricks.”
3
3
The thrifty content creator, who “helps 20-somethings master money”, regularly shares her handy hacks on her TikTok page.
Boasting over half a million followers, it’s clear to see that Taylor has helped thousands of people save a few quid.
Her latest video covered the do’s and don’t’s of car shopping and delved into how drivers can get the most bang for their budget.
The advisor, investor and creator explained she had just been through the ordeal of getting a new set of wheels.
Taylor, who bought a 23-plate Kia Sorento, began: “Here are a couple of tips you need to know if you’re in the market.
“Number one, always keep your guard up. From the second that you step foot on the lot, they’re gonna start feeling you out.”
She said it was important not to lay all your cards on the table with sellers, as they can smell your car desperation a mile off.
The money-saving fanatic suggested dealerships may bump up the price and cash in on your need for a motor.
Taylor continued: “Number two, don’t buy the car the same day you see it. You’re going to want to call your insurance agent.
“We test drove two models and one of them was nearly $100 more per month to insure. and it was not the car we thought it would be.
“It’s also going to help avoid impulse purchases – don’t let the dealer tell you it’s the car for you.
“Make sure you go home, check out all of its features and make sure it ticks your boxes.”
She stressed the importance of checking you can fulfill all the financial needs of the vehicle you plan on purchasing before you rush to buy it.
The TikToker said: “Number three, if you are financing the car they’re undoubtedly going to ask you ‘what monthly payment would you like to see’.
“Don’t answer them. Tell them all you care about is the purchase price and interest rate.”
Taylor explained you should avoid answering the question at all costs until you find out what they can offer you first.
Her next piece of advice was to shop around for the best bargains, which will also equip you with knowledge of the current market.
She said: “Number four, call at least three lenders so you know a good interest rate when you’re walking into it.
“Don’t tell them you have this rate and lowball them, let them make you an offer and fight for it.”
Wrapping up her blueprint for potential buyers, Taylor urged drivers not to be duped into a bad deal for the sake of rushing to get a car.
The money-saving guru added: “Last but not least, always be prepared to walk away from the deal.
“The car is not yours until it’s in the driveway – and don’t let the shiny keys on the desk distract you.
“Don’t fall for the tricks, you’ve done your research. Good luck!”
The informative clip quickly racked up nearly 95,000 views and sparked a flurry of interest among social media users.
One said: “Dealerships are such ugly places. People get taken advantage of. It’s disgusting!”
Another laughed: “Shopping for a new car is my favorite least favorite thing to do.”
A third added: “Cars are a lot higher right now because of the market. Thank you for the helpful advice.”
Brits were previously warned to carefully consider the colour, mileage and insurance premiums when buying a new car.
Research shows that 46% of new drivers don’t know what they’re looking for when buying a car, from specification to getting the right price.
3
For all the latest Automobiles News Click Here
For the latest news and updates, follow us on Google News.