Buying a car is an investment and a very strenuous process. It can be exhilarating and worthwhile only when you find a perfect car at affordable rates. When you are buying a car, you can either go for an old classic or a contemporary model. But buying "fresh off the lot" is a personal aspiration for many. It is like a status symbol.
Latest engineering, chic style, fuel efficiency, and innovation will be offered by a new car. It will also have superior safety devices. And to top it all, who doesn't enjoy the new car smell? Isn't it thrilling to own a car that is truly yours, one that's never been driven by anyone else?
The best thing about a new car is that it gives you peace of mind. You need not worry about the car's history and doubt whether the car was salvaged or not. Most dealers will offer you attractive incentives for buying a new car. It can be anything from a cash rebate to 0% financing. Manufacturers are also offering strong incentives on new car sales. It is easier to buy a new car than ever.
There are several options to search for a car. Most dealers give their ads in local dailies and TV channels. Ask for opinions from your friends and family. Car buyers are passionate about their cars so taking opinions from them will definitely refine your perspective.
Also make use of the internet. There are multiple sites that offer new cars for sale and others who provide a detailed review. You can also get an idea about the safety of a car by comprehending several articles and safety reports about the particular model. Insurance Institute for Highway Safety (IIHS) is popular for providing this sort of information.
It is essential that you consider the re-sale value of the car. Every car loses its value the second you drive off the lot. There are only few cars that have a high re-selling value. Make sure that the car you choose also has the same virtue. Refer Kelley Blue Book website for a reliable re-sale value.
So, go to the near-by dealers and explore various car options. Don't buy the first car you like at the very first dealer. Comprehend everything and then go for the kill. When you know that you have found your perfect car, negotiate the price. The "sticker price" is always higher than the actual worth because every dealer knows that the buyer will negotiate.
The other aspect of buying a car is FINANCE. With interest rates lowering to almost 3% for new auto loans, new cars are a reality. Before you go for an auto loan, you will have to decide on few other things.
Buying a car is not a one-time expense. You should think of its cost as the total cash outflow over its useful life. You will have to pay for Title registration, insurance, taxes, maintenance, etc. So, do not spend all on the price of the car and do save for the future.
Figure out how much down payment you can afford. Make use of the online loan calculators to calculate your monthly payment. You obviously need a robust credit score for availing loans at lower interest rates. But, you can improve your chances by going for a trade-in.
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