Top 10 things you should know before buying a car
Number 10: Total cost
Calculate the total cost of owning the car. Everything from how much insurance is going to cost the title / transfer fee should be accounted for. In addition, you may want to consider other factors such as work and / or school gas and general maintenance checks (eg, oil changes).
Number 9: Used or New
A new car loses almost 20% of its value as soon as you drive out of luck. In addition, a used car almost always costs less to make sure. However, a new car comes with warranties and rebates. I definitely consider the pros and cons when considering a used vs. new car.
Number 8: Financing
The dealership could offer financing, however, not necessarily going to be the best deal. Be sure to check and ask for a referral to a local credit union. Credit unions tend to offer the lowest interest rates because of their non-profit status.
Number 7: Third-party independent evaluation
Get the vehicle controlled by an independent party. Whether it's a local mechanic or another trusted source. It is important that an impartial evaluation / evaluation be conducted by someone without a personal interest in the property.
Number 6: December
The best time to invest in a new car is December. At the end of the year, car dealerships are more flexible and offer steep discounts for that year's models to be sold to accommodate the new models arriving in January. If you are looking to buy a new car, plan on buying one at the end of the year.
Number 5: Take Your Time
When you take the car for a test drive make sure you take your time. You need to know any peculiarities little vehicle has, listen for any noise and note the location, and figure all the vehicle features. Drive in a residential area and on the road.
Number 4: Internet
Use the internet to find the best deals around. Cars.com and Edmunds.com are excellent sites to visit as well as eBay and craiglist. Look for any vehicle you remember and read customer reviews. The internet is an invaluable tool to use when shopping for cars.
Number 3: Vehicle identification number
The VIN is unique to that specific car. No 2 cars have the same VIN. You can check out the complete car history report by looking at the car up by your VIN. Look for salvage titles – as the car could be a car bought at auction that was in a flood.
Number 2: Call to the future
Call the dealership before you go so the vehicle can be ready for you to test drive when you get there. This could allow you to avoid the sales spiel or any until the sale the seller will try. Calling then allows the depleted batteries to be set and the license plates set.
The Kelley Blue Book was first published in 1926 and has remained the gold standard for determining the value of a car. Make sure that you are not paying over blue book value and it would not hurt to print the evaluation sheet and have it with you when negotiating a deal. The Kelley Blue Book evaluates used and new vehicles.
Time for the question of the day:
Do you like to buy cars, haggle with dealers, trying to fight for that lowest price? Tell us about your recent car buying experience. Was it good, bad, or was not it great?
Let us know your thoughts and go ahead and leave your comments below.
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High Voice by Christopher Hudspeth
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Music by Kevin MacLeod (incompetech.com),
Licensed under Creative Commons: By Attribution 3.0
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