Magellan Auto Credit

8 Common Car Buying Mistakes

Some surveys have found that about seventy-percent of us regret the decisions we made when buying our car. The common answer when asked, “I simply made a mistake”. Some buyers felt like they rushed their decision and walked away with a car that

a) Didn’t suit their needs
b) Didn’t fit in their budget

Buying a new car is an emotional experience, and next to a house the biggest purchase most Canadians will make so you need to do it right. Don’t let the Savvy salesman focus on Fit and Finish and not cover the Functionality or how it will work for you and your family.

To do that, let’s go over some common car buying mistakes so you are better educated for when it comes time for your next purchase.

1. Needs VS Wants
2. Research, Research, Research.
3. Total Cost of Ownership - Don’t forget the insurance.
4. Take your time and enjoy the experience
5. Don’t Skip the Test Drive
6. Fixating on the Payment
7. Rolling Over Old Debts
8. Only Skimming the Paperwork