Tips & Advice for Buying a Car
The following tips and advice will help you if you’re interested in buying a car. They all start with a question, followed by tips (and more questions) that will help you answer each. Here we go!
Are we talking new, used, or perhaps demo?
Everything that goes with a new car – the excitement, the pride, the look, the smell – is fantastic. If you can afford it, it’s great. If you can’t, there are so many well-maintained pre-owned to choose from. A demo car is another options – it’s practically new, with a better price tag. If you’re looking at used cars, read Tips on Buying a Used Car.
Do you want a car for one, two, three or more people?
Are you single, in a relationship, married (with or without children), or have parents nearby? These are all important questions if you plan on driving together. Perhaps you coach a sports team or lead a youth group you need to transport to activities every weekend.
Do you need your car for work or other responsibilities?
If you use your car for work, driving a parent around and/or picking up kids from sport practice, you should probably consider a comfortable car with a spacious cabin.
Do your hobbies include outdoorsy activities?
If you enjoy exploring off-road terrains or frequently go mountain biking, your car plays a big role in getting you there (and back) happily and safely.
Are you a pet owner or considering getting pets?
If you have or want pets, and need to transport them, you need to think about a practical solution.
Do you have kids or are you considering having kids?
This is a very important question to ask. You don’t want to buy a coupé if you have twins on the way.
How’s that budget looking?
Have you looked at your budget and do you know how much you can spend? Don’t be fooled by an attractive instalment price. Take the payment plan apart to look at the deposit and balloon payment. Also think about the total cost of credit.
What are your finance options?
If you need one, find out if you qualify for a loan. If you have a financial advisor, get in touch to discuss your options.
Have you considered future expenses?
Look at your budget then think about car service costs, possible maintenance needs (engine, gearbox, etc.) and monthly insurance payments.
Do you have a car in mind? Have you gone for a test drive?
Once you’re ready for a test drive, be sure to take your time. Remember, buying is a big decision and you deserve time to make the right choice. Also, be honest with yourself about your test drive experience.
Do you have what it takes to negotiate?
Do some research online to sharpen your negotiation skills and take a friend or loved one along for support on the big day!
There you have it! Enjoy buying a car.