If you’re planning to buy a car, you better read this article first. Your upcoming move is a major financial decision. That’s why you shouldn’t be too hasty. Below are 8 car buying tips to help you shop wisely.
1. Determine Your Budget
Since a car’s value can drop rapidly in less than 5 years after purchase, it’s probably a bad idea to go into dept for a brand-new unit. So, unless you’re ready with cash, you may want to consider buying a used one instead. At any rate, always decide what you can afford to pay for a car based on your budget.
2. Minimize Your Choices
After determining the price range you can afford, minimize the number of choices in your mind. You can do this by looking only at cars within your budget. Then further narrow down your options by focusing on the models that really fit your needs and lifestyle.
3. Do Research Before Buying a Car
Research is a crucial part of buying a car. Check out the price and features of your favorite vehicle so that you know if it provides the best value for money. There are some factors to take into account here, including fuel economy, cost of maintenance, and insurance.
4. Get an Auto Insurance Quote
Make sure you can pay for the insurance that comes with the car of your choice. Contact your insurance agent to talk about running a quote for the car you want to buy. If you get an exorbitant price, consult an independent agent to broaden your options.
5. Test Drive the Car
Buying a car will never be complete without a test drive. So take one to find out the kind of driving experience your favorite machine has to offer. Does it match your expectations? To learn more about it, get behind the wheel and drive a route that lets you test the car’s handling in different ways.
6. Time Your Vehicle Purchase Right
Choose the right time to buy a car to get a good deal. For instance, you can go to the dealer at the end of the month, during holiday sales, or on the last day of every quarter. These are times when dealerships hope to reach their sales goals, which prompts them to give discounts.
7. Skip the Unimportant Extras
Exclude unnecessary extras that would increase the final cost of the car; such as a sporty stripe, full detailing, and extended warranty coverage. You’re free to change your mind later, though, if you really need any of these. Just call the dealership to negotiate a price.
8. Shop With a Knowledgeable Person
When it comes to buying a car, it’s always helpful to take someone who can help guide you in the right direction. By bringing a person who is well-versed in automobiles, you’re making up for your lack of experience with purchasing and negotiating a car deal.