When you’re in the market for a new car, it’s easy to get swept up in the excitement of choosing the perfect model. However, dealers may not always have your best interests at heart. Here are seven things you should definitely check before signing anything, as they can save you a significant amount of money and hassle. Don’t let the thrill of a new ride blind you to the details.

1. The Vehicle History Report

Before finalizing your purchase, it’s crucial to review the vehicle history report, especially for used cars. This report details prior accidents, title status, and any major repairs. Dealers may gloss over this information, but it can indicate whether you’re making a sound investment or diving into a financial pitfall.

Ask for the report and scrutinize it carefully. A clean history is ideal, but if there are red flags like multiple previous owners or substantial damage, you may want to reconsider your options. Knowledge is power in negotiations.

2. Warranty Details

Many dealers will highlight the warranty benefits to persuade you to sign quickly. However, you should take the time to read the fine print. Not all warranties are created equal, and some may come with significant limitations or exclusions that could affect your coverage.

Understanding the warranty specifics, including what’s covered and for how long, can help you avoid unexpected repair costs down the line. Don’t be afraid to ask questions and negotiate for better terms if the standard warranty doesn’t meet your needs.

3. Financing Options

Dealers often present their financing options as the best available, but this is not always the case. Before settling on the dealer’s financing, it’s smart to shop around for loans from banks or credit unions. You might find better rates and terms that can save you money over time.

Be wary of any dealer incentives that come with high-interest rates or hidden fees. Always calculate the total cost of financing, not just the monthly payment, to ensure you’re getting a good deal.

4. Hidden Fees

Dealers are notorious for tacking on hidden fees that can significantly inflate the final purchase price. These can include documentation fees, dealer preparation fees, and destination charges. It’s essential to request a detailed breakdown of all costs associated with your purchase.

Understanding these fees can empower you during negotiations. If you notice any unexplained charges, don’t hesitate to question them. Transparency can help you avoid paying more than you should.

5. The Trade-In Value

If you’re trading in your current vehicle, make sure you know its worth before you walk into the dealership. Dealers may offer you less than fair market value, hoping you won’t do your homework. Research the trade-in value using online resources and bring that information with you.

Having a clear understanding of your vehicle’s worth can give you leverage in negotiations. Don’t be afraid to walk away from a deal if you feel you’re not getting a fair trade-in value.

6. The Fine Print on Add-Ons

Dealers often push for add-ons like extended warranties, service plans, and accessories, which can quickly add to your overall cost. Before agreeing to these extras, read the fine print and evaluate whether you genuinely need them. Some add-ons may not provide sufficient value for the money spent.

Taking the time to consider these offers can save you from regretting a hasty decision later. Be sure to ask for details about what each add-on covers and whether you can purchase them later if you change your mind.

7. Inspection and Test Drive

Lastly, never skip a thorough inspection and an extended test drive. A quick spin around the block won’t reveal any underlying issues that may affect performance. Make sure to check the engine, brakes, and other crucial components to ensure everything is functioning as it should.

If possible, take the car to a trusted mechanic for a pre-purchase inspection. This can identify potential problems that the dealer may not disclose, giving you peace of mind before making a significant investment.

By being diligent and informed, you can navigate the car-buying process with confidence. Don’t let the excitement of a new vehicle overshadow the importance of doing your due diligence. A little effort upfront can lead to a much more satisfying purchase.