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The Ultimate Guide to Buying a Car

It is most people’s dream to get a car at one point in their lifetime. This is one of the largest investments you will ever make in your life. That being said, you need to be careful not to throw away your money out of ignorance, especially if it’s your first time buying a car. Whether you are buying a brand new or used car, there are a few things you need to keep in mind. You need information that will help you make an informed decision that you will not regret afterward.

In this piece, we will cover a few things to consider before and when purchasing a car.

Know Your Budget

As earlier mentioned, having a car is one of the largest investments you will make. Therefore, you need to be financially ready when you are getting one. For starters, you can opt for either a new or used car. Both of these have two main financing options to pick from. You may either pay in cash or get a car loan. Whichever you pick, make sure you can afford it. Keep in mind that car costs include more than just the selling price. They include insurance, maintenance, and other costs. If you go for a credit option, it’s advisable to make sure the portion of your salary directed to financing the vehicle isn’t anything more than 20% of your income. New vehicles are generally more expensive. If you get these prices being too much for you, you can get a used vehicle with low mileage. You might get a better car than you would have if you opted for a brand-new one.

Identify a Great Car Dealership

You have the cash or at least know how you are going to finance your car and you already know the car model you are going for. The next thing you need to look at is where to get the car from. The motor business is one of the largest, and this means everywhere you turn you are going to get a dealer.

As with everything else in the market, you need to make sure you are getting quality products. A good car dealership will make sure you are getting a good machine that won’t require a mechanic now and then. They will also have details of what they offer on their website to make your search easier. Whether you are getting a used rig or a brand new ride, you will have the details that matter by the time you are approaching the dealership physically. Also, you will probably have a budget in mind, financing options, and so forth.

Do Some Research

Once you have decided on the budget, it’s now time to run errands and decide the car that will best suit your needs. There are multiple brands and options to choose from. Your choice will depend on the intended use of the car, the maintenance cost, and also your personal preferences. Make a Google search of the cars that lie within your budget as well as satisfy your needs. You can make a visit to the yard for test drives or window shopping. It is also important to make sure that the spare parts to your car choice are easily accessible. You most probably don’t want to have to import car parts as this can be quite an expensive venture.

Car History

You already know the financing option you are taking; you already know the car you want to buy and already have a dealer in mind. When at the dealership negotiating with a car salesman, it is good to ask for a detailed history of the car you have chosen. This is especially if the car has some mileage on it or it’s a second-hand ride. Most companies or dealers present the history report to you after you have checked the car out. It is, however, good to read the report before you test drive it.

Additionally, you will want to make sure the car is insured before you get it to the road. There might be issues with the car, and you could be liable if it stalls in your possession. After reading the report, you will also determine if the car has been in any accidents or has experienced recalls. Avoid buying cars that have been involved in fatal or severe accidents or have been in recalls. If the car has been in more than one accident, pick another or change the dealership. Do not drive away with a car whose history you have no idea about.

Paying Up

Also, avoid walking into a dealership with a stash of cash in a bag pack. It is better to use non-cash methods to pay because they are safer and verifiable, just in case you get into a sour deal. Also, make payments after you are sure about the car and you have counter-checked that all documents are present.

There are thousands of car options out there in the market to choose from. At the end of the day, the best car for you will depend on your specific needs, preferences, and what you can afford. If you are looking to get yourself a car, the tips above should be of great help.

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1 Discussion on “The Ultimate Guide to Buying a Car”
  • I’ve learned from my experience that a history report is a must before purchasing a car! For the last few years I’ve been using carvertical reports and they definitely make me feel safer before buying a car. However, I’ve noticed that dealerships themselves provide history reports and I’m happy that used cars market becomes more transparent nowadays.

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