When is it ok to Walk away from a Deal
Car shopping can be challenging. Besides trying to find the right car, you have to deal with salespeople who can be more assertive than you like. Because car deals can be struck without adequate time to consider the specifics, people sometimes buy a car that they did not really want. It can be more than just buyer’s remorse at work when considering walking away from a deal.
You may lose money if you choose to walk away.
Because deposits are frequently a part of making a deal, this money can be lost if you fail to follow through. In spite of this, there are times when walking away from the deposit and the deal can be worth it. When there has been time to consider all of the facets of the deal, it may be that walking away is the best option available.
If the price of the car will bring excessive monthly payments, it may be best to walk away.
While people always like the look, feel, and smell of a new car, the payments that must be made each month can become a serious drag on the personal finances. When cars start to cost as much as starter houses but with much shorter financing, the payments can soar toward $1,000 per month. If this is a problem for the buyer, stepping away from the deal is by far the better choice.
It is best to head in the opposite direction if the dealer or salesperson is overly pushy about make the sale.
This can signal that getting your money is the only objective in play. Good dealers know that their reputation for fairness and good service after the sale will sell more cars than overbearing sales tactics. The high pressure selling is likely a sign that the dealer will not be on the buyer’s side after the papers are signed.
The deal may not be a good one if the dealer tries to switch you to other vehicles or other options to up the price tag.
Bait and switch is still a big sales method for some dealers. This may not be the result of advertising. It can happen when someone comes in looking for one type of vehicle and the dealer starts sliding the customer toward other costlier choices. The same is true if too many additional service contracts are offered. If a dealer chooses not to sell what the customer wants, the deal can be a bad one for the consumer.
