Three Common New Car Buying Myths

Shopping for a new car is really nothing like shopping for anything else. There are so many different things to consider and the number one thing that most people think about is the price.


This is one instance where saving 5-10% can really amount to a large sum of money. 10% of £35,000 is £3,500. Who doesn’t want to save that kind of money? There are also quite a few myths surrounding the whole car buying process. For some reasons these myths have grown to become common knowledge and that has given them some sort of credibility when they are in fact myths. If you are thinking about buying a new car, then here are some of the more common myths that are simply not true.

No Haggle Pricing Gives Me the Best Price

Some people prefer to not haggle for anything. They are perfectly fine with the prices they are handed, but no-haggle prices may not be the best. You may even want to walk away from a no-haggle price because it gives you no margin to lower the price. The no-haggle price benefits only the dealer who is selling the vehicle. As soon as you realize this, the better off you will be.

The Dealer Has the Best Finance Rates

Dealerships offer car financing as a convenience to their customers. A car dealership has been designed to do one thing only. It has been designed to sell cars. The car dealership is not a financial institution. Most car dealerships make money from the financing. There are plenty of better places to get the financing you need to drive your new vehicle home. Websites like will be able to offer you better deals on car financing because that is strictly what they do. There is nothing to get in the way of them giving you the absolute best interest rate that exists.

New Cars Are Less Expensive At the End of the Month

Some smart car dealer somewhere decided that they wanted to move some cars at the end of the month. This smart car dealer made an end of the month sale and exclaimed, “Everything must go!” This was nothing more than a sales tactic and it worked so well that new car dealerships all over the world are now doing this very same thing. It has become so common that people now believe that you can save a lot of money by purchasing your new car at the end of the month. This is not true. You may see more sales events at the end of the month, but you won’t always see better pricing.


There are quite a few other new car buying myths that exist out there and most of them are just myths. Buying a new car is really simple as long as you use common sense. Don’t be fooled by all of the flashy sales ads and hype and you will have no problems buying the perfect car.