Buying a new car is one of life’s luxuries, it’s also one of the biggest financial investments you’ll probably make, so you want to make sure you’re doing it right. Regardless of whether it’s your first car or the first car you have bought in a while, there a few things you want to mentally check of before going ahead and purchasing a new car. Read through these 5 things to check before buying a new car so that you can be sure you’re getting a great deal, making a smart financial decision and going to be driving away with a car that will suit you and your family for years to come.
1) Be Realistic
Sit down and make a budget, be sure to include your partner or spouse if you’re not single. Make a list of all upcoming expenses and potential – but likely – surprise expenses and be realistic about what figure you can afford. Can you afford to buy a brand new car (https://www.cars.com/shop/) in cash? Or will you have to look at financing a car? Is a used car a better deal for you right now for this stage in your life? Once you have all these questions answered and a figure in mind, then you can start searching for actual cars.
2) Shop Around
Thankfully the internet has made it easier than either to compare cars without having to drive around for hours. This is particularly helpful if you’re buying your first car. Check out cars.com (http:///www.cars.com) for a great range of prices so you can be sure what you are looking for is within your budget.
3) List Your Essentials
You’re going to have to figure out what your “must-haves” for your car are and what are some things that are luxury, so you can start narrowing down your options. When I was buying my new car, I knew I needed a large boot space because I have a dog and wanted space for her. Think about how your family may change in the coming years and make sure you purchase something you can easily use for the next 5-10 years. Make this list on paper so you can remain focused when you’re viewing options and feeling emotional.
4) Consider Buying Used
Of course there’s nothing quite like a brand new car, with fresh leather and knowing basically no one has ever used it – but this comes at quite a price tag. If you can afford it, go for it. But if you’re more budget minded, check out used options. Most of the depreciation of a car happens in the first 3-5 years, so buying something that’s a little older than this range is a great way to snag a great deal!
5) Check Out the Safety
Google the car model and year you are interested in and check out the safety model to ensure it not only looks good, suits your needs, and is in your budget, but is safe for you and your family. No one wants to think about crashing, especially not when buying a new car, but you need to be sure if it happens you will be as safe as possible. This is the one thing that’s really important to me when I am buying a car.
Use these tips to buy your next new car and ensure that you find a great deal that will suit you and your family for years to come.