Single moms are often intimidated by the concept of car shopping. The stereotype is that women are less skilled than men at negotiating the best possible deal on the purchase of a car. With a few simple tips kept in mind, any single mom can disprove that stereotype by getting the car they need with financing that suits their life.
Research First
The first thing single moms should do before car shopping on a lot is to do research on makes and models that will suit their needs. Focus on the functional amenities, such as storage and seating, as well as the average price point people actually paid for the vehicles you are considering. Take advantage of online tools that allow you to look up real consumer reviews on each vehicle, focusing on the opinions of like-minded moms. Friends, family, and other single moms can also be valuable resources of information.
Bring Support
Single moms should recruit a friend, preferably with knowledge of cars, to come along on the car shopping trip. Not only will a shopping companion give you another person to keep an eye on any children you had to bring with you, another voice and mind working with the salesperson can help keep things from getting confusing or overwhelming. You should also bring a notebook and pen so you can jot down price and financing offers the salesperson may mention in passing as a way of encouraging the sale. Not only will writing things down as they are said help you keep things straight in your own mind, it will also keep salespeople from doubling back and altering their offers.
Financing Options
For many single moms, in-house financing packages are the most affordable and convenient financing choices for the purchase of a new car. Especially if you are a single mom with bad credit or a limited credit history, the in-house financing available at the dealership will have a much lower interest rate and longer repayment term than what you could expect to get from a bank or other outside lender. You won’t need to wait on approval from somewhere else before you can finish buying your car at the dealership, and this can help keep the purchase both streamlined and organized.
Car shopping can be made easier and less overwhelming for single moms with research, planning, and the advice of knowledgeable confidants. Explore in-house financing and keep the needs of your everyday life in mind to find the best new car for you and your children.
*Image courtesy of freedigitalphotos.net
