The vehicular ad-hoc network (VANET) is a technology that enables vehicles to interact with each other and with the surrounding infrastructure. This technology aims to enhance road safety and alleviate traffic congestion. However, it is susceptible to various security attacks and concerns. Among these concerns, the position falsification attack is regarded as one of the most serious, in which, the malicious nodes tamper with their transmitted location. Thus, the development of effective misbehavior detection schemes capable of identifying such attacks is crucial. Many of these schemes employ machine learning techniques to classify vehicles based on the features of the exchanged information. Despite the relation between the performance of these systems and the features used to train them, the current understanding of this relation remains limited. In this paper, a comprehensive literature review is combined with a set of experiments to study the impact of feature engineering on the performance of position falsification attack detection in VANETs. The review is used to identify the key features and algorithms used in the literature. Then, various experiments were conducted using the VeReMi dataset, which is publicly available, and different machine learning algorithms to compare two feature sets: one comprising selected and derived features, and the other including all available features. The results of this study show a substantial improvement in the performance of the detectors achieved by employing feature engineering techniques, where the average accuracy of the experimented models is increased by 6.31% to 47.03% depending on the algorithm used.