Cars 101: Six Tips to Consider For the First Time Car Buyers | Picture yourself driving down the road in a car that has all the features you need for a comfortable and pleasant ride. Buying your first dream car can be exciting, but it also takes a lot of preparation. These tips can help you make your first-time buying experience a great one.
Review Your Finances
Before you start shopping for a new car, you need to know what you can spend. Many first time car buyers make the mistake of only taking the monthly payment into account, but you should look at all the expenses that come with owning a car. Do you have money set aside for a big down payment? This can reduce both your monthly cost and overall total. You also must think about how much you will spend on petrol and maintenance every month. Factor all expenses into your budget.
Analyse Needs and Wants
Once you have a budget, you need to decide what kind of car you want. How you plan to use your new vehicle should influence what you buy. You may need an all new small car with a 1.5-litre engine and many peps if most of your driving is city-bound. If you frequently transport bulky items, you probably need a utility vehicle or a four-wheel drive. Focus on your daily needs and desires. Don’t purchase something with features you only need occasionally to drive every day.
You have a list of what you need and want in your new car; now is the time to shop around. Find two or three different models that have the features you are seeking. Then look for dealers in your area who have them in stock. While it is useful to ask friends where they found their last vehicle, you need more information than individual experiences. Look each dealer up online to see how they rank in customer satisfaction, financing options and special deals to narrow down your choices.
Test Drive Favourites
The ultimate test of whether or not you are going to enjoy your new car is the experience you have driving it. Never finalise a sale on a car that you have not yet tested. What looks great on paper can be a disappointment when you get behind the wheel. Pay attention to the smallest details like how the seat feels. The test drive helps you find the option that works best for you.
Keep in mind that most representatives at the dealership get paid according to what they sell. Therefore, they may try to rush you into a decision. Only you know the right car for you, though. If you are uncomfortable with a dealer or don’t feel confident about the choice he or she is asking you to make, don’t be afraid to walk away.
Read the Contract Thoroughly
The final step of buying a car is signing the financing contract. As with any legal document, you must read every line and make sure you understand it. Failure to do so may lead to unexpected fees and other expenses. Ask questions to get the clarifications you need. If something in the contract you cannot commit to, try to negotiate the terms before you sign.
Choosing the new car that’s right for you is a great learning experience. The more prepared you are when you walk into the dealership, the more confident you are going to be in your choices. Set yourself up to receive all the rewards of driving away in a vehicle that meets all your wants and needs.