The No. 1 mistake first-time car buyers make, according to a former car salesman. (via CNBCMakeIt)
senior manager of insights at Edmunds
Other hidden costs that come with buying a car include: depreciation, interest on financing, taxes and fees, parking and maintenance, like oil changes and replacing brakes and tires. You can use Edmunds'Finally, if you're buying from a dealership, chances are you'll be encouraged to buy a handful of add-ons before wrapping up the sale.
"The selling definitely doesn't stop after you agree on the price," former car salesman David Weliver tells CNBC Make It. Most likely, the salesperson will "try to sell a bunch of little things to you, from warranties to paint protection." "They present you with so many different things you can buy that most people think, 'I should buy something,'" continues Weliver, who now runs personal finance website
. "You have to be prepared for that. If there's anything extra you want, know that going in — and also know that it's fine to say 'no' to all of it."
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