Pay Too Much For Your Car? 10 Reasons Why You Did

Top 10 Reasons You Paid Too Much For Your Car
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Top 10 Reasons You Paid Too Much For Your Car

You’re looking for a new car, but you don’t want to make a mistake and pay too much. You can dodge many of the mistakes that other car buyers have made by understanding how they could have been avoided, and knowing what tools are available for today’s car buyer.

A common refrain in the buying process is that information is your friend. Knowledge is power and the more you have, the less chance the dealer will be able to confuse you to their advantage. It’s critical to remember that buying a car is a business transaction, nothing more, nothing less.

Remember, salespeople at the dealership do this all day long, and their goal is to maximize the amount of money the dealership makes. There’s nothing wrong with that, but it does mean that a consumer who buys a car once every four years is at a disadvantage when facing a highly trained sales professional.

U.S. News & World Report offers car buyers a number of excellent tools for their car-buying journey, from information on the latest lease and finance deals to the definitions of many of the terms you’ll hear during the process. Our Best Price Program can get you the best bang for your buck on a new car purchase, while a tool on our used car page can help you find the right value for your trade-in.

These tools and your research can arm you with the information you need to make the best deal, but you still need to watch out for these 10 car-buying mistakes that can take thousands of dollars out of your wallet.

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