Car Buy­ing Guide – New Cars

Car dealership
In the mar­ket for a new car but not exactly sure where to start? Then this guide is for you. Many per­sons who are in the mar­ket for cars make the mis­take of depend­ing on the dealer or sales­man to help them choose the right car. How­ever, while those per­sons are there to assist, the onus falls on you. It is impor­tant to arm your­self with all the nec­es­sary knowl­edge that is essen­tial for a pur­chase of this mag­ni­tude. Even if you do not know much about cars, this sim­ple, basic guide can help you chose and pur­chase your sleek new ride.

Deter­mine your budget

It is advis­able that no more than 15 to 20% of your monthly bud­get be allot­ted to car related expenses. Shop within your lim­i­ta­tions and do not overspend.

Secure finances

Decide how you will be financ­ing the car. Will you get a loan? Are you pay­ing cash upfront? What­ever you decide, the finances must be secured promptly, espe­cially when obtain­ing a loan. Many per­sons have been told they have been approved the loan, only then to be rejected. Then they are stuck with a brand new car and no way of pay­ing for it.

Research!

Read every­thing you can about the model you are inter­ested in, includ­ing reviews. Find out about mar­ket val­ues, poten­tial issues, gas con­sump­tion – basi­cally all the pros and cons about the car. This way you can deter­mine well ahead of time what you want; even if you do not decide on a spe­cific model, by research­ing you will know the type of fea­tures you are look­ing for and this make you less sus­cep­ti­ble to the charms of the salesperson.

Take into con­sid­er­a­tion your lifestyle

Do you have a fam­ily or plan to start one soon? Is it going to be a small fam­ily or a huge one? Do you expect to trans­port a lot of goods reg­u­larly? These are just a few of the lifestyle ques­tions you should always ask your­self so you can ascer­tain what type of car is best for you.

Take as many test dri­ves as you can

You need to know how the car feels, how it dri­ves and most of all you need to make sure you are com­fort­able in it. New cars may not have the same issues as used cars, but it is still very impor­tant to make sure noth­ing is faulty. Make sure to take it on the road where you can test the speed, accel­er­a­tion and brakes of the car.

Check for a spare tire

You do not know how to change a tire you say? That does not mat­ter as it is still impor­tant to know if you have a spare or if you have run flat tires (tires that allow you to drive with a flat or punc­tured tire).

Inspect

This does not only apply to used cars. It is impor­tant that you inspect the car front to back, top to bot­tom, inside and out for any­thing that seems out of place or faulty.

Never buy on impulse…or desperation

Believe it or not car deal­ers and sales­per­sons can smell des­per­a­tion and they often use it to their advan­tage to get what they want regard­less of what you want. You should always shop for a car when you know you will soon be in the mar­ket for one, not just when you absolutely need it. This will also give you the time to shop around and see which dealer has the best price, as opposed to buy­ing at the first deal­er­ship you go to.

Look up the “Invoice Price”

This is what the dealer would have paid the man­u­fac­turer for the car. It will def­i­nitely be lower than the price it is being sold for, but know­ing what the deal­er­ship paid will help you in any nego­ti­a­tions over the final selling/​buying price.

Check for rebates

Some­times the car man­u­fac­tur­ers offer dis­counts. This is where research comes in handy again because you should know what dis­counts are being offered. See what is applic­a­ble to your island before you go into a deal­er­ship. Some rebates are not pub­lic knowl­edge hence why it is impor­tant to make sure you know what you are eli­gi­ble for. Some deal­er­ships do not give all the rebates that man­u­fac­tur­ers pro­vide (as a means of mak­ing addi­tional profit) but still know what is being offered. Remember…knowledge is power.

Image from Peel​sub​aru​.com
Arti­cle from Caribbean Dreams Magazine

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