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Common Car Buying Mistakes

Common Car Buying Mistakes

Buying a car is an experience most everyone looks forward to. Getting the keys and zooming out of the car lot is a feeling like no other. While it is an exciting time, you need to practice vigilance during the whole buying process. It is easy to fall into the traps of car buying if not properly prepared. Here are three common mistakes made by car buyers across the board.

No Test Drive

Many car buyers neglect this part of the car buying process. A test drive allows you to know for sure that you can handle the car you are interested in and that it fits your expectation. There may be an overlooked feature that doesn’t work for you or a missing aspect that you deem important. Your only way to know is to take the car for a short spin down the road.

Breezing Through the Paperwork

There are a lot of papers that need to be initialed and signed when buying a car. It can get tedious and is very time consuming. It is important to not just sign any paper placed in front of you. While it may not be possible to read all the words on the pages presented, you should definitely have an understanding as to what is being signed. Any questions should be asked to the salesperson, they should be able to give you a brief overview of whatever needs to have a signature.

Not Knowing Your Credit Score

A lot of buyers see a flashy new car they want and just walk in to the dealership without knowing their credit score. A credit score enables you to know if you are credit worthy to buy the car and establishes a base of how much you monthly auto loan will be. Auto loans in Melrose Park and other cities are based on how high, or low, your credit score is. Many times, you will not be able to even purchase a car if you fall below a certain credit score threshold.

If you need to compare auto loans in Melrose Park, contact Leyden Credit Union. Find them online at https://www.leydencu.org.

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