All posts tagged auto purchase

Five Things You Need To Know Before You Purchase Your Next Car

There are very few things that cost as much as a car and with the economic pressures it is vital that you do your research and make the best financial decision when you make your purchase. You will need something that is reliable, affordable and serve all of your traveling purposes. Look at these four tips before you make a final decision.

Interest Rates

When you decide you need a new car there will be several different financial options you can make. You can either pay all costs up front and buy a used car. You can lease your new car or take a loan out and purchase it. When you talk to a bank or car dealership, make sure you take a look at the interest rates that come along with your purchase. Finding an affordable rate will make a huge difference in the payments that you make. Make sure you are getting a competitive rate and one that will work with your finances.

Reliability

It is important to do your research on the different types of vehicles. There are certain manufacturing reputations that you should be aware of when you are considering which car is for you. Research how many miles you can expect, what problems you will run into and what type of warranty will come with your purchase. Finding the right combination will lead you to the purchase that works best for you.

Additional Costs

Buying a car is not the end of your spending. You should also calculate the registration, insurance coverage and your monthly gas expenditures that you can expect. If you decide to have car payments make sure you add up everything else and determine if you can ultimately afford the car that you picked out. Once you have a final number that it will cost each month, you will be able to decide if it is worth it.

Insurance

Depending on what finance option you have chosen, that may determine what insurance coverage you may need. If you have a loan or a lease on the car you may be required by the banks policy to get full coverage insurance. If you bought the car outright you could get away with liability insurance. Talk to your insurance agent to decide what best fits your situation.

Maintenance

Each vehicle will have different maintenance requirements after you are done. There are different maintenance costs at certain checkpoints. The maintenance costs at certain mileage destinations, this is more important for used cars. The maintenance requirements will vary between cars and it will be worth it to do your research.

Buying a car is an exciting time in your life. Make sure that you do the research necessary to make the best decision for your situation and have fun in the process. Understanding what to look forward to financially will help you in the long run and make your purchase even more enjoyable.

Author Bio: Hannah Whittenly is a freelance writer from Sacramento, California. A mother of two, Hannah enjoys writing on blogs of all niches.  If you run into any problems after your next car purchase  make sure you contact the Law Offices of Jon Jacobs and get the help you need.

Image credit: http://www.freedigitalphotos.net/images/Other_g374-Man_In_Car_Showing_Key_p77124.html

What You Need to Know About Small Cars

If you’re in the market for a new car, there are many smaller models that deliver exceptional gas mileage. This feature may be important to you as elevated gas prices have forced consumers to consider how much it costs to fill up their gas tanks in addition to all of the other costs associated with owning a car.

Easily, we spend thousands of dollars annually to drive, maintain and pay off our vehicles, money that cannot be recouped, but a necessary expense for most Americans. The smallest cars deliver the best gas mileage, however not every vehicle merits a buy based on the following factors:

Fuel Economy – Achieving 30 mpg on the highway is common to all vehicles in the subcompact and compact classes. However, those numbers alone are not laudable. Today’s newest crop of small cars including the compact Hyundai Elantra, subcompact Ford Fiesta and minicar Smart ForTwo each get at least 40 mpg on the highway. Size matters, but more often than not a thrifty engine paired with a six-speed manual or automatic transmission makes the difference. A handful of small cars barely top out at 30 mpg; can you live with so-so gas mileage?

Safety Ratings – All cars are equipped with airbags, but not every vehicle has side curtain canopy bags, an advantage offered in most larger vehicles and only in some smaller vehicles. Smaller cars are lighter and much more likely to sustain major damage in a crash, given their size in proportion to other vehicles on the road. Occupants need an extra level of protection to reduce accident damage and personal injury. The Insurance Institute for Highway Safety at IIHS.org rates all vehicles for front, side, rollover, and rear tests and for the presence of electronic stability control. Knowing how your vehicle rates can go far in determining which vehicle to buy. The Chevrolet Cruze, Kia Forte sedan and Toyota Corolla are among the better performing cars in this class.

Passenger Room – Other than the two-seat Smart, most small cars offer room for at least four, sometimes five occupants. But, this can be misleading. Front occupants usually have enough head, should and legroom, but that often comes at the expense of rear seating passengers. Small children usually can occupy the outboard seating positions just fine, but few cars offer a comfortable ride for the middle seat passenger. Cars with the roomiest interiors and most expansive rear seating compartments include the Volkswagen Jetta, Hyundai Elantra and the Chevrolet Cruze.

Storage Capacity – Small cars mean small trunks. One way to get around this problem is by choosing one of the few hatchbacks on the market including the Kia Rio5, Hyundai Accent and the Honda Fit. When more room is needed, the back seat can be folded down to carry additional items, but the trade off here is fewer people can ride in your car. One alternative is to select a sedan featuring a 60/40 fold-down rear seat. Here, only one part of the rear seat folds, giving you enough room to carry one person in the rear and that lamp or section of lumber that won’t fit in your trunk.

One important consideration when purchasing any car is to contact your insurance agent to obtain a rate quote. Insurers base new cars rates on the same IIHS crash test performances mentioned earlier and other factors including repair costs, where you live, age, gender, credit rating and other factors. The differences between models can be startling; adding hundreds of dollars to your costs annually if you choose a high cost, small car.

Author Information

Matt Keegan is editor and publisher of “Auto Trends Magazine” and is a freelance writer. Please visit his site for the latest in automotive news, car reviews and industry analysis.