Buying a car is a big and costly decision. It is important to make sure you have thought everything through. To help with this decision, we have compiled a helpful list of ten things you should consider before driving off the car lot, with a new and expensive responsibility:
- Decide what you can afford: Make sure you have established a budget, and make sure you adhere to it. Also, it is important to make sure you can handle the additional costs of the vehicle, besides the initial purchase price.
- Decide between new and used: Due to the high demand, the prices of used cars are actually skyrocketing. Right now, it may be more cost-effective to purchase a new car.
- Decide on exactly what you want: Narrow down your list of prospective cars. Before you show up to your local auto dealer, have a good idea of what you want. To do this, we recommend checking out their website and reviews from owners.
- Figure out your total cost: Once you have a few cars in mind, it would be a good idea to research the entire cost of owning this vehicle, from gas to insurance expenses.
- Dealership financing may not be the best deal: Car dealers want people to take out car loans because they often get a commission. If a deal sounds too good to be true, it probably is. Overall, when you go the dealership, use caution and your best judgment.
- Be aware of the wholesale price of the vehicle: It is imperative to look up the wholesale price of the vehicle. This is the best way to start your negotiations.
- Check out all discounts: Before heading over to the dealership, make sure you research all the discounts. Sometimes, you may be able to combine discounts.
- Negotiate to the best of your ability: After completing your research, call or schedule an appointment for a test drive. This is way, you go into the car dealership knowing exactly what you want. When discussing price, keep in mind all the research you have done, which includes wholesale cost and applicable discounts.
- Take your time during the test drive: Typically, you want to keep your car for at least five years. Take your time during the test drive, and make sure this vehicle is right for you and your family.
- Don’t make a hasty decision: Most of all, do not rush into anything. Take your time to make a decision. Visit the car more than once, if needed.
This entire process can be stressful, but Robert’s Collision & Repair is here to help. If you have any questions or would like us to look over a prospective vehicle, please call or visit us. Conveniently located at 234 Ramona Avenue in Monterey, California, Robert’s Collision & Repair will be delighted to help you. Contact us today for an appointment.