Abc News Car Buying Tips May 2026

: Avoid the "monthly payment" trap. Dealers often use monthly budgets to hide the true cost of the vehicle, interest rates, or expensive add-ons like extended warranties.

: Former dealership professionals suggest negotiating over the phone to keep the decision analytical. It is much easier to hang up when a dealer "plays games" than it is to walk away when sitting in front of someone. abc news car buying tips

: Experts recommend putting 20% down , limiting the loan term to 4 years , and keeping total vehicle expenses under 10% of your monthly income . : Avoid the "monthly payment" trap

: Contact 5 to 10 dealerships and have them bid against each other to drive the price down. abc news car buying tips