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Buying a car | 01.07.2013 - 18:05

Buying a New Car-Seven Tips for choosing your new vehicle

Buying a car is a large purchase. Read on to get the tips you need for purchasing your new car.

So, you're in the market for a new car. Whether your car recently died, you are adding a second vehicle or this car will be your first, buying a new car is stressful. However, you can you can make the purchase easier by educating yourself about the purchasing process. Here are some tips for choosing your next vehicle


1. Make A Budget

The first step to buying a car is determining how much you can afford. You'll need to figure out the trade-in value of your current car and how much of a down payment you can make. The bigger the down payment, the less interest you'll pay over time. Finally, calculate how much of a monthly payment you can afford. If you plan to pay in cash, know how much cash you have.


2. Narrow Down The Choices

Now you know what you can afford, decide what type of car fits your lifestyle. Do you care more about looks or gas mileage? Check out all of the information about potential models, from horsepower to safety rating. Do you like hatchbacks? How many seats do you need? Make sure you research the models you are considering. Often, certain years of models are prone to problems so make sure you get a good model year. In addition, certain brands are more prone to issues.


3. Find Out How Quickly A Car Depreciates

Although luxury cars have higher prices, they tend to decrease in value at a slower rate than so-called sensible cars, such as Hondas or Toyotas. In five or ten years, a luxury car will be worth a bigger percentage of what you paid for it than a non-luxury car.


4. Buy At The Right Time

Car dealerships have monthly quotas to fulfill, so they are eager to cut deals near the end of the month. The period between Christmas and New Years is also a prime time to go car shopping. Dealerships have yearly quotas, and they'll be trying get rid of the old year's models.


5. Stay Flexible

You may have your heart set on a specific model of car, but try to stay open to other options. Once you're at the dealership, you may spot a better deal. You'll probably be eager to make a purchase, but it can take time to find the best car for you.


6. Know How To Negotiate

The more confident you are, the more seriously the car salesman will take you. Before you go to the dealership, know the invoice price of the car. Use that to negotiate instead of the sticker price. Also, if you plan to pay for the car in cash, you can get a better deal than if you get a loan. Depending on the type of car and the original price, you can sometimes knock off $1-2,000.


7. Inspect The Car Thoroughly

Inspect your potential car inside and out for any flaws. Don't feel rushed during the test drive, and try to take it on both city and highway road. You want to make sure it drives smoothly and that you're comfortable behind the wheel. After you purchase your car, you'll need a Fort Worth area oil change and a Fort Worth car wash to keep it running and looking like new.

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