A car is one of those possessions that can mean a lot to people in terms of how they present themselves to the world. Your car choice may be a representation of your personality, status, or individuality. Owning a car can give you a sense of freedom, of responsibility and maturity. When you get the chance to buy a new or used vehicle, it can be a like a clean slate. You will get to paint a new or upgraded picture of how others see you. You get to choose a new color, more technologically advanced options, or add a unique blend of your personality to the car through accessories. Whatever the reason, buying a vehicle is exciting, but it can also get some people in trouble. CarLife can give you the best services for car repair in the Scottsdale, Glendale and Gilbert areas, as well as help help educate you on some important factors to consider while car shopping. When it comes to buying a car, there are several areas people often forget to consider that we will look at in this article.
People frequently walk into dealerships without any idea of what a car is worth, what they are looking for, or what they can afford. This is a recipe for getting a poor deal on a car that you will end up unsatisfied with. To avoid buyer’s remorse and get a deal you are thrilled about, you need to first gain an understanding of your wants and needs in a car, and then look at your budget to see what you can comfortably afford. Then, you need to do your research! What are the safety ratings on the car you are interested in? Will the car require repairs, and how much will that be? Check out competitor pricing on your desired vehicle. Resources like Kelly Blue Book and CarFax will help you get a better understanding of the type, value and history of a car you are interested in.
Not Evaluating Your Budget and Finances
It is best to go over your finances in detail before you even walk into a dealership or start researching the kind of vehicle you would like. Exploring your finances will help you understand what you can afford monthly for a car payment, including taxes and insurance. Do not make a decision based on what you are approved for or what the dealership would suggest. You should know your budget, what you can afford monthly. Do not let yourself be swayed from that amount! It is great to get a new vehicle, but it is terrible to get one you cannot afford.
If you plan to trade in your current vehicle, research beforehand how much it is worth and what you owe on it. Coming to the dealer with your numbers aligned will help you get the best deal possible.
You will also want to research possible scenarios for financing. Find out from a credit union or your bank what kind of financing you could get so you will be able to compare rates when you get to the dealership. Considering insurances is also beneficial. Call up several car insurance companies for quotes on the new vehicle you have chosen.
Impulse Buying - Bad Idea
When we see something we like, it can be hard to not let the excitement take over. The worst thing you can do when buying a car is to impulse-buy. This is when you have not done any research on the car or scouted around at different dealers for the best price. It is very possible you will find a better deal if you wait instead of buying what is right in front of you, right now. A car is the often second largest life purchase behind a home, and it is important to make a wise decision.
The best thing to do when purchasing a vehicle is to take your time, consider all your options, know your budget, and do the research. Do not let anyone push you into a vehicle you don’t like or know anything about. Make sure you leave feeling empowered in your decision by being prepared.
Carlife not only wants the your car to run extremely well, we also want to see owners who are happy with their vehicle choices. See us today for all your repair and servicing needs!
Images used under creative commons license – commercial use (10/11/2017) Kevin Cabral (Flickr)