10 Myths About Buying a New Car That Cost You Thousands
Top Myths About Buying a New Car and How to Avoid Costly Mistakes
10 Myths About Buying a New Car That Cost You Thousands
Myth 1: The End of the Month Is Always the Best Time to Buy
Myth 2: You Should Never Pay Sticker Price
Myth 3: Financing Through the Dealer Is Always a Bad Deal
Myth 4: You Must Buy Gap Insurance from the Dealer
Myth 5: Trading In Your Old Car Is Always a Mistake
Myth 6: You Should Never Buy a Car in Its First Model Year
Myth 7: You Should Negotiate Based on Monthly Payment, Not Total Price
Myth 8: Dealerships Make All Their Money on the Front End
Myth 9: You Should Never Pay for Dealer Add-Ons
Myth 10: The Best Deal Is Always on the Lot
The Bottom Line
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Buying a new car is one of the largest purchases most people will ever make. The average new car costs tens of thousands of dollars. Yet most buyers walk into a dealership armed with myths, not facts. They believe things that are not true. They make decisions based on advice from friends, family, and internet forums that is simply wrong. These myths cost buyers thousands of dollars. Here are ten myths about buying a new car that cost you thousands—and the truth that will save it.