Sometimes, nothing brightens your day like buying a new car. However, if you’re like most people, this is a rare event in your life. It’s not like you can do this every day.
Therefore, it’s important not to jump into a new vehicle too quickly, at least not before doing a little research. To make sure you’re making the best decision both for your long-term satisfaction and for your budget, you must consider some essential factors.
Keep reading for a quick guide on what to look for in a car, new or used.
First, you need to thinks about your budget. How much can you afford in monthly payments? Are you accounting for insurance and registration fees as well?
Get pre-approved before starting the shopping process to make sure you’re not setting yourself up for disappointment. A low credit score could prevent you from obtaining a loan at all.
2. Customer Reviews
Next, before settling on a car, take a look at the customer reviews of the vehicle you’re interested in. Be sure to search for the exact make, model, and year of car. Seeing what other drivers have to say is one of the most important tips for buying a car.
This can also help you determine what to look for in a car. A customer’s point of view may point you in a different direction than you were originally heading in.
Perhaps one of the best qualities of a new car is the attached warranties. New cars and certified pre-owned cars come with manufacturer/dealer warranties. These cover the major mechanical components of the car but can be expanded for other things like maintenance, repairs, roadside assistance, and more.
4. Vehicle History Report
When buying used, one of the best car buying tips is to ensure you get the vehicle history report. This official document will note important details of the car’s past, such as:
- History of being used as a lease or rental
- Number of previous owners
- Maintenance history
- Accident history
You want to know everything you can about a car’s history before buying used. This is especially important when buying from private sellers.
5. Dealership Promotions
When searching for a car through dealerships, it’s important to ask them about any current promotions are special offers they’re running. Buying the car at the right time may result in waived fees, lower in-house financing rates, delayed payments, and more.
6. Fuel Economy
For some people, the most important qualities of a car revolve around fuel economy. How many miles per gallon does the vehicle get on the highway and in town?
This is important information, especially if you’re going to be driving the car every day or taking it on long trips.
7. Capabilities and Features
Finally, when figuring out what to look for in a car, think about what you’ll be using it for. If you’re the outdoor adventurer type, you’ll want a vehicle that is competent driving off-road. If you’re a business person looking for luxury while driving to and from work, you’ll want features that increase luxury and comfort.
Want More Tips on What to Look for in a Car?
Are you looking for more information on what to look for in a car? Or perhaps you want to learn more about personal finances to help get you qualified for the loan?
Regardless, our blog is dedicating to helping people like you get ahead in life. Be sure to check out some of our other articles with expert tips on living life to your fullest.