How to Make the Worst Part about Buying a Car a Little Less Miserable

Could there be a way to eliminate not only the stress and hassle of buying a new car, but save you time and money as well? You bet there is. The results of a new survey naming the worst part of buying a new car aren’t particularly surprising. At the top of the list: negotiating price. The vast majority (62%) of participants in the survey, conducted on the behalf of CarFinance.com, pointed to haggling over prices as the aspect of car buying that they hated the most. The next worst part of the experience, arranging or negotiating car financing, got just 20% of the vote. While most people don’t enjoy the games played and price negotiating at car dealerships, one group of consumers seems to hate it more than others: Gen Y. Ideally, millennials wish purchasing a car involved little or no haggling. That’s not how things work—not if you hope to get a decent price anyway—and so Gen Y tends to view the car buying experience as extremely stressful. Perhaps the uncomfortable, stressful ways cars are sold and prices are decided upon are among the reasons why this generation has been largely uninterested in car ownership. (MORE: 12 Things You Should Always Haggle Over) Ideally, millennials, who came of age with Twitter and one-click online shopping, also want the car purchase to be a quick transaction. Typically, dealerships like to drag out the experience, with salesmen taking slow walks back and forth to “ask the manager” about pricing and options, and with buyers being forced to endure pitches for upgrades, financing, extended warranties, and whatnot. The idea is to wear the consumer down, so that he or she is too tired to think, haggle, or put up a fight anymore, and winds up agreeing with whatever the dealership presents. It’s not unusual for the experience to eat up several hours, and that’s several hours longer than many consumers wish it would take. Recently, an Edmunds post suggested a fairly simple solution to eliminate many car-buying headaches. Not only does … Continue reading How to Make the Worst Part about Buying a Car a Little Less Miserable