Purchasing your first car can be exciting, but there is a lot to manage. Planning ahead can help make the process much easier—and help ensure you end up with the best car for you. Here are some things to keep in mind as you start shopping for your first car.
Buying your first car
Shopping for your first car can be intimidating, but there are a few essential tips, tricks, and tools that can help make the process a lot easier.
Be realistic about your needs
Do you need a car to get to class or work every day, or just for weekend adventures? Evaluate your lifestyle and driving conditions you most often face. Learn about different options and features and how they might affect a car’s price. If you are buying a car just to drive you to work every day, you may want to consider investing in a smaller car that does not consume as much fuel. However, if you plan on travelling a lot, a bigger, more durable car may be a better option.
Think about your budget and financing
Step one in purchasing a car is first setting a budget. Narrow down your focus to cars within your price range before you fall in love with one that will break the bank. Take a realistic look at your finances, including the purchase price and budgeting for the use and care of your future car. That includes maintenance, insurance, gas, repairs, and parking. Learn more about the real cost of owning a car. A down payment is not necessarily required for a loan, but it is usually a good idea. You will not need to borrow as much, and your monthly payment will be lower.
Do your research
Once you have an idea of your budget, do some research and see what vehicles in your price range fit your needs.
Consider buying used
A quality used car can provide excellent value for money. These days, the used car market is very robust. Compared to previous generations, cars these days are built to last, making the used car industry a smart place to browse for frugal shoppers. Insurance is generally cheaper with a used car, and depreciation is less of a concern. There is always a worry that a pre-owned car is less reliable than a brand-new one, but many pre-owned cars come with existing or renewed warranties that protect you from any hidden defects. Some used cars are even certified and inspected by the manufacturer or dealership before resale. But even if you find a car that is not certified or warrantied, it does not mean it is not reliable. You just need to do some extra homework to make sure that you are getting good value for your money.
Close the deal and enjoy the ride
After you have done your research, know what you want, and have your financing in place, it is time to negotiate the deal and focus on reading your contract carefully. Be sure that you understand the terms and conditions of any financing and warranty agreements before you sign.
Time for a new car? Visit our showroom and check out our pre-owned cars. Do you need help with car financing? Get approved today! CRS Automotive will offer you the best value for your money, so you leave satisfied with your new, used car. For more information, contact us today.