Essential Tips to Avoid Overpaying and Regrets When Buying a Car
Wednesday, 6 March 2024, 14:30
Avoid These Common Logic Traps When Buying a Car
Buyer's remorse at the dealership is more common than you might think. Find out how to avoid overpaying by $20,000 or more.
The 'This or That' Dilemma
- Dealers sometimes use mental tricks to push buyers towards more expensive models.
- Stick to your budget and focus on practicality rather than fancy features.
The Sunk Cost Fallacy
- Spending time researching a car doesn't mean you have to buy it if it doesn't meet your expectations.
- Don't fall into the trap of feeling obligated to purchase due to prior effort.
The Anchoring Bias
- Don't fixate on the initial price offered by the dealer, as it may not be a true reflection of the car's value.
- Research and compare prices to ensure you're getting the best deal possible.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.