When purchasing a new vehicle, there are a few questions you need to ask yourself.
- Do you want a new or pre-owned vehicle?
- What type of vehicle would you like (i.e. SUV, sedan, truck, etc.)
- How much are you willing to spend?
If you do not know the answer to these questions yet, don’t worry. We will give you tips and more information about what to consider when purchasing your next, or first, vehicle. We will discuss purchasing new v pre-owned; trade in, and a few other useful “tid bits”.
When shopping for a vehicle the most important thing is to know your budget. You must know how much you can spend without feeling strapped. It’s great to have a new car, but if you cannot afford to put gas in your car, then it isn’t the right vehicle. Use budget calculators to calculate how much you can spend comfortably and to determine monthly payments. When you visit the dealerships to start shopping, keep that price in mind, and do not let them steer you away from it. If you feel things are getting out of hand and your needs are not being met, leave. They probably will not let you get very far before they begin listening.
If you are on a budget, like most are, you may want to purchase a pre-owned vehicle. They are typically lower in price and you can get a fairly new car if you shop right! Some things to research if you are looking to purchasing a pre-owned vehicle include; how many previous owners, was the car in any accidents, get a full report on the vehicle, and have a mechanic do a full inspection. It is so important to know what you are purchasing. Don’t take it lightly, or you may end up missing a key factor that will cost you more in the long run. Also, do your research. There are many tools online that will help you determine whether the price is right, or wrong. Use these tools if you have a trade in as well. Know what you want to get for your car, when trading it in. Remember, if you don’t like what you are offered, you can always sell it privately.