NEW HAVEN, Conn. (WTNH/ABC NEWS) — There is more good news in the auto industry. With gas prices dropping so low, car sales are up! A record 17 million new cars and trucks sold last year. If you’re one of those people looking to get a new ride, ABC News talked to the experts to find out how you can avoid making costly mistakes.
First, go on and do some research yourself. Narrow your search to two models so you’re not tempted to look at something you really don’t need and make sure you try it out!
“It’s doing the physical research, getting out there, going and visiting different dealers and test driving the cars,” said Tamara Warren, The Verge.
Also, while an affordable monthly payment is important, so is an affordable overall price. Smaller monthly payments may sometimes mean you’re paying more over time. Experts suggest you consider buying a used car rather than new because the value of the car depreciates by an estimated 11% the moment the car drives off the lot.
One thing that’s apparently not a mistake? ABC News says buying a car that’s bright or unusual in color. They’re said to be cheaper and hold their value longer.