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Buying a car for the first time can be an overwhelming experience especially if you're doing everything on your own and you’re feeling the pressure from the car salesmen. They don’t want you to leave the store without placing the purchase, but don't fret. Here are some tips you might find helpful.
1) Determine your budget. Ask yourself if you can really afford the car you have your heart set on. You not only have to think about the cost of the car, you also have be able to pay other vehicle costs like fuel and insurance on top of your monthly car loan payments. Buying and maintaining a car can be expensive, so make sure you don’t spend more than 25 percent of your monthly household income. If you're not sure if the car of your dreams could fit in your monthly budget, sit down and crunch the numbers. Tally up your monthly bills and necessary savings and decide whether the leftover money could cover for all your vehicle costs. 2) Decide whether you need a new car or a used car. Used cars are often less expensive compared to new cars but they can sometimes come with hidden surprises. The condition of a used car can result in more expenses to keep it running and safe to use. New cars come in perfect condition and with warranties, but of course, they cost more. If you decide to buy a used car, make sure you have it thoroughly checked by a licenced vehicle tester. Also, think about the important features you’re looking for in a car so you can narrow down your options right away and make the choice a little bit easier. 3) Research prices and possible discounts. Don’t buy the first car you see that’s within your budget. Ask dealers for a price quote including the breakdown of all the fees like the sales tax, registration fees and documentation fees. There could be deals and discounts offered for certain models as well, for example, outgoing models’ prices are often dropped suring large sales. You can also find lots of helpful tips here, like the best time to buy a car and different types of car loans, etc. It’s also very important to make sure you review all of your purchase considerations before signing any loan contract. Once you have made your final decision, check the details of your contract carefully to make sure you aren’t paying unnecessary fees and to check that everything in your verbal negotiation has been included. Read through this infographic if you want more tips on buying your first car. From Visually. Comments are closed.
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Hey there. My name is Jim. I'm a dad & I know some dad stuff & I like to write about them here. More about me.
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