Car-Buying Apps: How to Choose the Best One

Common Features of Car-Buying Apps

Car-buying apps are designed to take some of the stress out of the research process. Depending on which one you choose, you may be able to complete several steps in your search or even finalize your purchase from the comfort of your home.

Here are some of the more common features you'll find with car-buying apps:

• Price comparisons: Not only can you compare current prices offered by dealers, but you may also be able to get an idea of how good of a deal you're getting. Some car-buying apps help you compare the sticker price to the vehicle's manufacturer's suggested retail price (MSRP) and the market average.
• Filters: If you have specific requirements for your next car's year, mileage, color, search radius or other features, you may be able to use filters to eliminate models that don't fit your criteria.
• Vehicle reviews: If you're unsure about which model you want, you may be able to read reviews from experts and even current and past owners of the vehicles you're considering.
• Vehicle history reports: Some apps will provide a vehicle history report for some or all of the cars and trucks listed in their databases free of charge, making it easier to avoid lemons.
• Watchlists: If you're not planning to buy just yet, some car-buying apps allow you to create a watchlist of your favorite models, so you can hit the ground running once you're ready to go.
• Calculators: Some car-buying apps also provide calculators to evaluate a vehicle's affordability based on your budget. Calculating monthly loan or lease payments before you get to the dealership can help speed up the negotiation process.
• Communication: Some car-buying apps allow you to share vehicle listings with friends and family members to get their thoughts. You'll also typically get the contact information for the dealer selling the model, so you can move forward once you find the right one.

How to Choose the Right App for You

With so many car-buying apps available, you may be tempted to save some time and choose the first one you find.

However, researching and comparing several options can help ensure that you get the best experience and possibly even the best deal on your vehicle purchase. Here are some factors to consider:

• User reviews: Check out reviews in your app store to learn about the best and worst features and the overall user experience.
• Inventory: Some car-buying apps let you peruse both new and used vehicle inventories, while others may only offer used models. Additionally, some may only show dealer inventory, while others may also include private party listings.
• Features: As you consider the common car-buying app features listed above, research which ones offer the elements that you want for a smooth experience.
• Usability: While it can be time-consuming, it could make sense to download each of the apps you're considering and play around with it a little to understand how intuitive it is to use.

Because car-buying apps are free to use and you're not locked in once you download one, don't be afraid to take your time to test out apps as you see fit.

Learn more >> Do's and Don'ts of Buying a Car

What to Consider When Using a Car-Buying App

While car-buying apps can be helpful and convenient, there are potential downsides to consider before using one. Here's what to keep in mind.

Convenience

If you don't have a lot of free time to shop around in person, a car-buying app can allow you to research and compare models you're interested in any time you have a few extra minutes. You'll also get a variety of features that can make the process go more smoothly.

At the same time, you may not be able to ask questions or negotiate without reaching out to the dealer.

Broad Selection

Looking up local dealers online to compare models can be time-consuming. With a car-buying app, you'll have an easier time finding available vehicles based on your criteria with just a few taps.

Valuable Features

Vehicle history reports typically cost money, but some car-buying apps offer them for free. Additionally, you may be able to get better price transparency and the ability to evaluate affordability without needing to leave the app.

Potential for Scams

While this isn't unique to car-buying apps, it's possible that some of the listings you find are scams in one form or another. Used car scams are more prevalent, but it's possible even for dealers to take advantage of unsuspecting buyers.

As a result, it's crucial that you be on your guard and research sellers before moving forward with a purchase.

Test Driving

If you're using a car-buying app that allows you to complete a purchase, you'll likely be unable to test drive the vehicle or inspect it in person. This may not be an issue if you're buying a new car and you're certain about the model.

However, if it's a used vehicle with potential mechanical issues and you don't know if you'll like how the car handles, it can be risky.

Delivery and Return Policies

If you're using a car-buying app that lets you buy the vehicle, you may have to pay extra fees for delivery. Also, while these apps typically have return policies, you'll want to make sure you understand the fine print to understand if you're eligible.

Learn more >> Buying a Car Online vs. In Person

Evaluate Your Credit Before Buying a Car

It's a good idea to check your credit score and consider making improvements before you begin the car-buying process. Even if your credit is in decent shape, you'll have an easier time finding favorable interest rates and other auto loan terms with a higher score.

With Experian, you can get free access to your credit score and Experian credit report. Take some time to assess your overall credit health and identify areas where you can make some improvements. While it may delay your vehicle purchase, the potential savings can be worth it.