The Definitive Guide To Buying Your First New Car

Independent Car Financing Web Sites

There are car buying web sites online that can help you find a dealership that can assist you with financing. These sites do not cost you anything and are used by dealerships to find potential customers. You will be asked to fill out a simple form that will ask for your monthly salary, amount of money you want to spend on a car, and the amount money you can use as a down payment. You can leave your email address or phone number and dealers in your area will call you and let you know the kinds of cars they have available.

This is a convenient way to set up appointments with dealers who can run a credit check and get you approved for a loan while you are taking a test drive.

While you are shopping for a car online, you can also shop for insurance and financing. You can compare interest rates and insurance rates from different companies so that you will have a good idea of how much the total cost of having a new car will be. When you buy a new car, you cannot leave the lot until you have insurance. While you should not purchase car insurance until you have found and ordered a car, you can still run estimates.

You can sign up for newsletters, promotional deals, and other information when you find a dealership, insurance, or financial institution that you find may suit your needs. Book marking these sites will save you time when you find a car.

Online shopping has changed the way people buy things. When looking for a car online, you can take your time. This is why so many people start on the Internet. It is also a great place to look for the latest models and upcoming models for the next year. A new car is an investment. Most people have a new car for at least five years. This means that you should take your time and look at every car you are interested in possibly buying.

Online Shopping Fraud

(Return to Contents)

While you are shopping for a new car online, you will run into online auction sites and you may decide to bid on a new car instead of having to go through a dealership. While the auction site may be legitimate, you will still have to watch out for several problems along the way.

 E-mail from fraudulent sellers

 Cars that do not really exist

 Description of cars

As with any purchase you make online, you should investigate it to make sure it is real. While auction sites will do their best to monitor what people are selling and try to catch those who are dishonest, it is still up to you to make sure the deal is legitimate before handing over any money.

E-mail From Fraudulent Sellers

This is a very common scam that involves bidding on a real vehicle that is up for auction. After you bid, those who are trying to scam you will obtain your email address and send you notification that you have won the auction and the car is yours.

The email will also give you instructions on how to send the money and when the car will arrive. The money is supposedly being held in an escrow account that will not be touched until you receive the car. The reality is that the people who are scamming you out of your money only have access to that account. Once you deposit the money, they will take it and disappear.