Car Buying Tips: Tips to Buy a New or Used Car

Car Buying TipsThere are several important factors you need to consider before heading out to a car dealership to purchase a new or used car. First things first, it’s always good to do a bit of research and narrow down on the type of car that best suits your current needs and requirements.

Knowing the model and type of car you want before you start shopping at dealerships, will save you a whole lot of money, time, and energy. Avoid making rash decisions, you’ll come to regret. Find a deal that fits your price range and comes with added benefits like increased warranty, cash rebates, and cut rate financing.

Make an informed and practical decision when buying a car. Here are a few points to focus on, and options to explore before making an invested purchase.

Assess your needs

Think in terms of size, energy efficiency, compactness, number of doors, storage space and perhaps most importantly mileage. Fuel economy is a leading factor when buying a car. The mileage usually set on the car is found through scientific tests that try the vehicle in various urban, rural, and freeway driving scenarios. However, the mileage you eventually get from the car depends on your individual driving habits and the actual automobile itself.

Focus on the facts

Consider specs and trims in the car that meet with your needs and not merely your desires. Jump on the chance to visit an auto show, if possible. Auto shows present the rare and convenient opportunity to compare models of different car manufacturers together. Make it a point to test drive the vehicle you’re interested in buying.

Additional aspects you must consider when buying a car are the insurance premiums available, the potential resale value, and of course grade of fuel used to run the engine. Visit websites of car dealerships to make rounds of the ones in your neighborhood to get an idea of financing rates and the best available deals on new and used car loans.


Take your time, be smart and sure

Shoppers, who know exactly what they want, have a definite idea of asking and selling price, carry an undeniable advantage when it comes to final price negotiations.

• Plan your moves ahead of time to get the best deal, and take your time before agreeing to the sale.
• Keep a few options ready, and be flexible with your choice when finding a vehicle that best fits your requirements and pocket book.
• Get an idea of your chosen vehicle’s trade-in value, also known as the car’s wholesale value, this price is very different from the retail value, or dealer’s asking price.
• Shop car dealerships around to get a better idea of prices and compare the rates on the same model with similar features. You will have to use a fair amount of skill and tact to get the best price on a vehicle.
• Avoid getting distracted or steered away to a different car model that is either more expensive or comes with features that don’t fit your requirements.

Pick models with incentives and rebates

A brilliant way to save on money, plenty automobiles come with the benefit of attached cash rebates and incentives. These benefits are usually available in the following ways:

• Cash rebates made directly available to the customer
• Decreased interest rates on loans applied for (including the availability of 0% financing).
• Cash incentives offered to dealers with regard to sales made of particular car models.

The incentives mentioned above are mostly made available by the automobile manufacturer, as opposed to the car dealer. This means that you can always stand to get a better final price, in addition to the incentives mentioned above.