6 Tips for Making a Car Purchase
In life, there are a few rather exciting (and expensive) purchases we make. One is a house and another is a car. While there are other large purchases we may make in our life, these two are big ones that definitely require some planning. Buying a car is fun and exciting, but is also something that takes planning and research to find the car that’s best for you. Here are 6 Tips for Making a Car Purchase.
1 – Research. One of the first things you’ll want to do once you know it’s time to purchase a car is to research, research, research. For our family of 8, when it came time to purchase our Toyota Sienna, we considered a few important things. First, we knew it needed to fit 8 people. Second, it was important to have a trunk that had plenty of space while holding 8 people. Third, it needed to be comfortable for our family. Fourth, it had to be affordable. We did a lot of researching online, as well as asking friends and family. Cars.com is a great site to check out when it comes to researching and finding the car that’s right for you.
2 – Budget. Before committing to a car purchase, be sure you can afford the purchase. Remember, buying a car does not only include the car loan, but it also includes auto insurance, gas and more.
3 – Pre-approval. When we bought our Toyota Sienna, we called around to get the best rates. The loan we found through a credit union was way lower than the ones we were presented by the dealership. When you go to apply for the loan, you’ll also need to know the value of a trade-in, if that’s something you’ll be doing.
4 – Test drive. Before purchasing a car, always be sure to test-drive a car. I like to think of it kind of like clothes shopping. Something may look really cute on the rack, but once you try it on, it doesn’t look good at all or feel comfortable. You want to make sure the car you’re looking at purchasing is comfortable and easy to operate.
5 – Don’t settle. I know that sometimes people may get into binds and need a car now, but do all you can to not settle. Get the best price you can and make sure it’s realistic for your life.
6 – New and Used Cars. When making a car purchase, although your heart may be set on a brand new one, you may find a better deal on a used one…so don’t rule anything out.
What is your tip when it comes to making a car purchase?