The internet has a lot of dated car buying tips and tricks floating around. So for June, we figured we would set the record straight in regards to some old car buying myths that still find their way into car buyer minds.
The Hold Back Your Trade-in Myth
Waiting until you’ve already negotiated a sale price with us before you announce you want to trade in your old vehicle is not an advantage. It really just slows up the process. The reason it slows up the process is because before we accept any trade in, we have to inspect it and value it. Also, this trade-in tactic is so common that dealers have a name for it. We call it “parachuting the trade” and because it’s so common we are not surprised when it happens.
The End of the Month Myth
The end of the month will not necessarily get you a better deal. This tactic is based on the idea that dealerships who haven’t met their quota for the month are likely to cut deals to meet that quota. In truth, we are likely to cut deals every day to meet that quota. The internet has changed the game and increased competitiveness in the marketplace. We prefer not to procrastinate.
The Extended Warranties Are Scams Myth
Believe it or not, extended warranties are useful. We don’t sell them just to make money. Car repairs can be expensive and extended warranties exist as a way to protect your investment and minimize car repair expenses. With that said, the usefulness of extended warranties really depend on the driver; they might not be as useful depending on how you intend to drive the car and how long you intend to keep the car. Extended warranties are just something we offer, you don’t have to purchase one.
