7 Things To Consider When Buying A New Car

Buying A New Car

Buying a new car can be intimidating. You’ll be spending a lot of money, and you’ll probably be living with your choice for a few years. By considering the following 7 new car purchasing points, however, the process will be easier.

1. First, know your needs

Sit down and really think about what you need out of your car. If it’s going to be a commuter car that you take by yourself to the office every day, you probably don’t need a hulking SUV. If you’re hauling the family around, an SUV or other large vehicle might be the right choice, however.

2. Understand the long-term costs of the vehicles you’re looking at

Make sure you consider the fuel, maintenance, insurance and repair costs of every vehicle you are examining. The lifespan price tag might be a lot different than the sticker price.

3. Know the going rates and invoice amounts for each car you’re looking at

Don’t necessarily believe the salesperson when they say you are getting a great deal. Check out what the going rates for the same model with the same options are on the market. Hunt down the manufacturer’s invoice rates as well.

4. Shop around for financing

Don’t take the first financing offer. Shop around and read the fine print. You don’t have to be financed by the dealership, and often you can find better terms elsewhere.

5. Consider the reputation of the dealerships

Some dealerships are well-known for providing great, honest service. Others are known for ripping customers off. Look up reviews for the dealership and take them into account.

6. Test drive multiple models

It happens all the time. A customer sets their sights on a specific car from a specific brand. Then, they test drive another model from another brand and find out that they prefer that one. Don’t limit yourself, compare multiple models.

7. Don’t rush and read the fine print

Salespeople love to use high-pressure tactics. “If you don’t buy now, I have another person who wants to buy it this afternoon”. Most of the time, it’s hot air. Be patient. Also, read the fine print, a lot of dealers like to include hidden charges in the final contract. Don’t sign on the dotted line without knowing what you’re signing.

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