Factors involved in Buying a Car

Things to considered while buying a new car :

Which Car Do I Want? What Car Do I Need? - What does your vehicle need to do for you? What are the available choices and options? We review the various types of car, truck and hybrid; safety features; front-wheel versus rear-wheel versus all-wheel drive; stick versus automatic transmission; optional equipment; and other considerations. Here’s where you begin to sort through the huge variety of automobiles available, narrowing the choice down to a few categories.

How Much Can I Afford? - The down payment and the monthly installment aren’t the only costs of owning an automobile. We show you how to anticipate the hidden expenses. To see what money you can realistically afford to put into your car, make a budget early in your car-buying quest. If you need to finance, use a payment calculator to see how changes in rate, purchase price, term, and down payment can reduce your loan payments.
Using Internet Resources - Valuable shopping advice and price information online helps you refine your choices further. You become an expert on the cars on your list: what options they come with, what they go for in your area.

New or Used? - Although new car prices average $25,500, it’s easy to find a like-new car for substantially less money. Why buy new? The benefits and drawbacks of both new and used vehicles.

Financing Options - To get a good deal, get the financing first. How? Loans and leases involve renting money.

Locating a Good Vehicle - To be a smart car-buyer you need to comparison-shop. There are hundreds of places to look for new and used vehicles: here’s where to find them.

Dealing With Dealers - For a hands-on look at your choices, this is the time to visit the car lots. How to choose a dealership and handle the salespeople. Dealer slang defined.

Taking the Test Drive - The test drive comes WAY before any negotiation on price. You’re here to experience for yourself how different makes and models handle and perform.

Final Vehicle Selection - List down the choices, compare it and figure out a reasonable price.

Mechanic’s Inspection - If a previously-enjoyed vehicle makes your final cut, don’t make a $10,000 mistake! A thorough mechanic’s inspection is the best protection against buying a used car with costly, hidden problems.

Warranties - The plusses and minuses of extended warranties. Unless you’re prepared to pay for the very best policies from a highly rated company, we find them more trouble than they’re worth.

Maintenance - The dealer’s service department or your independent mechanic can provide reliable service and spot problems before they turn into disasters, if you visit regularly.

THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. THIS IS IN NO WAY GIVING ANY LEGAL ADVICE OR REPRESENTATION. THE INFORMATION CONTAINED HEREIN WAS COMPILED FROM VARIOUS ARTICLES. FOR ANY LEGAL ADVICE OR REPRESENTATION SEEK YOUR OWN LEGAL COUNSEL.