Buying a car is usually a one-time deal—once you sign the papers and drive off, there’s no turning back. If you overlook the details, you could end up with costly regrets. But don’t worry! This article unpacks the missteps many people make so you can dodge the usual “wish I’d known” moments.

Not Figuring Out Your Budget First

It’s easy to get lured in by fancy features and sleek designs, but if the monthly payment stretches your finances too thin, the car will quickly feel like a burden. A good rule of thumb is to keep your total car expenses under 10% of your take-home pay.

Not Knowing What You Need

There’s nothing worse than buying a car that makes zero sense the second the novelty fades. Forget appearances—map it against your daily routine. Long commutes? Prioritize fuel economy. Hauling kids? Storage space wins. Your car should make life easier, not feed the neighbors’ opinions.

Not Doing Your Homework Before You Shop

Dealerships thrive on lazy buyers, but you don’t have to be one. Take time to compare trims, research reliability ratings, and understand long-term costs. Check out Consumer Reports and resale values before you even set foot on the lot. The more you know, the more power you have.

Buying At The Wrong Time

Ever wonder why dealers suddenly get generous in December? It’s quota season. Salespeople need to clear stock before new models flood in. Year-end, quarter-end, or right before the next-year models drop—those are your windows to squeeze out extras or lower pricing without breaking a sweat.

Not Comparing Your Financing Options

Nothing kills a good deal faster than relying on dealership financing without comparison. Get pre-approved through your bank or credit union ahead of time. That way, when the dealer pitches their “best rate,” you’ll already know whether they’re bluffing or genuinely competitive.

Not Thinking Twice About Leasing Hype

Leasing can seem tempting: low payments and that new car smell every few years. But it’s a trap if you rack up the miles or hate giving up a car you love. Leasing limits your freedom. If you’re planning to drive it into the ground, buying is usually the smarter choice.

Not Considering The Total Cost Of Ownership

The initial sticker shock may wear off, but the ongoing costs can linger. So, consider all the hidden expenses like insurance premiums, maintenance needs, fuel efficiency, and rapid depreciation when you drive away. While the price tag might seem reasonable, those long-term costs can quickly add up.

Shunning The Value Of A Comprehensive

Don’t cruise around the block and call it good. Push every button. Try tight turns, rough roads, and blind spots. Adjust every seat and mirror. If the brakes feel spongy or the tech annoys you now, imagine how you’ll feel in rush hour six months in.

Not Negotiating

Never accept the first offer. Dealers expect negotiation, and the sticker price is rarely the final price. Use research to your advantage, and don’t be afraid to leave if the deal isn’t right. With the invoice price (what the dealer paid), you’ll be in a much stronger position to bargain.

Not Weighting The Pros And Cons Of Trading-In Or Selling Your Previous Ride

When buying a car, you must decide whether to exchange it for your current vehicle or sell it privately. Trading it in is convenient and fast while selling privately can net you a higher price. Evaluate both options carefully to ensure you get the best possible value for your vehicle.