Even though consumers have more information than ever at their fingertips, buying a car has not gotten much easier. Just when you think you are buying a well-rated car from an American brand, it could turn out the car was assembled in Mexico or China using parts from South Korea. Sometimes, you just can’t see the change-up coming, and dealerships do not exactly advertise such facts with the latest deals.
The same goes for a car’s resale value and long-term reliability ratings. Automakers might take several years to master production for a particular model. Buying a 2017 as opposed to a ’16 edition could end up costing you years of frustration and long hours having a recalled vehicle fixed. To avoid this problem, Consumer Reports always suggests approaching debut models with caution — or avoiding them altogether.
But there are other ways you could end up regretting a car purchase, and they have everything to do with your bank account. It’s easier than ever to overpay for a vehicle at a dealership. Here are seven ways consumers can end up paying way too much for a new car.