5 Common Car-Buying Mistakes

Negotiating a price for a new car can be super-stressful. But by doing your homework, you'll avoid being taken by the dealer.

By Rick Newman

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Making an Impulse Buy

Don't be lured by a salesperson who offers a sweet-sounding deal that "expires today." Instead, research the car's dealer cost and the Edmunds.com True Market Value (TMV), which can serve as a benchmark for your negotiations. Also get preapproved for a loan, and then see if the dealer can beat your finance rate.

Check out the Edmunds.com True Market Value here >>

Next: Paying for Options You Don't Want

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