All posts tagged what to view in car buying

Buying a new car is a major investment, so before sending off your old model for recycling, it’s a good idea to do some research and make certain that buying a new car is right for you. Look at these factors before you finalize your decisions or finances.

Can I Afford It?

One of the primary decision-making factors in buying a new car is whether it fits into your personal or family budget. Many things contribute to the answer to this question. Start by knowing your credit rating and what sort of loan rates you are likely to be eligible for. Remember that those car commercials promising the $99 or $129 a month payment always include the disclaimer "with qualifying credit". Know what your financing options are before you head to the car lot.

Be sure to include all the expenses related to purchasing a new car in the decision. Are you ready for the down payment, tax and license fees, and the increased cost of insurance? Create a budget before you ever start looking at cars so you know what you can afford not what the car salesman wants you to buy.

What am I Looking for in a New Car?

People buy new cars for a variety of different reasons. If you are looking to save money by getting a more reliable car to replace the old clunker you are sending to recycling yards, read reviews regarding dependability. Find out which cars offer warranties, and which ones are known for their breakdowns.

Another reason some people buy new cars is to save on gas money. In this case, be sure to do the math. Some people assume that the higher price of a hybrid is worth it because of the savings at the gas pump, but that might not be the case. Figure out the average number of miles you drive a year and what you are paying for gas in your current vehicle. Then, figure out what gas will cost you to go the same number of miles in the new car. 

What Features Do I Want/Need?

Car dealers get the best mark up, that’s profit for the dealer, by selling you a car loaded with features, so knowing before you go whether you want the satellite radio and blue tooth compatibility is vital. If you really need those automatic windows or sliding doors make sure you know which model still offers what you want without going with the highest price.

Buying a new car is a major investment, but there are great reasons to do it. Just make sure you know yours before you buy. You can be prepared for anything the dealer throws at you if you prepared beforehand.