It is exciting to buy a new car, but it can also be intimidating if you do not know your way around as far as making the right decisions is concerned. Not having enough knowledge about the motor world can cost you a lot of money and time in the long run. To avoid this, I have prepared a list of factors that you should consider before you buy that new car.
Those who already have cars can tell you that it is the maintenance and insurance covers that become the ultimate challenge. This translates into finances. I would advise you to add the monthly insurance premium with the amount that you would be paying monthly for the car. If this amount is above 20 percent of your total income, then it becomes an unwise decision to buy the car. Make sure you can afford what you are buying.
What is the dealer’s price?
The dealer’s price is a significant factor to consider when looking to buy a car. You can get this information from the salesperson, but you can also get this information online. The dealer is obligated to give you the dealers price as well as the retail price should you ask for it. If you want to negotiate, five hundred dollars above the dealer’s price should be a great start to it.
Take your time
The last thing you want to do when looking to buy a car is to rush. You need to know that the dealer is in a rush to sell you a car because they need their commission. So take your time to do a little research on the internet to get enough reviews that will help you have enough options for the kind of car that you want. Ensure also that you have contacted the dealer before your visit just to ensure that the kind of car you are looking for is actually in the yard. Lastly, do not purchase the car or commit to purchasing it on the first visit. Ensure that you’ve researched it thoroughly before you decide to buy it.
However much you love the car that you want to buy, I would recommend you take a second and even a third test-drive just to get the feel of it. If you have a family, bring them on your second test-drive. If everyone loves it then you are good to do. Ensure that the car has a spare tire.