If that new smell car is calling to you, then you may be feeling overwhelmed with all the options now available on the market. Should you get a sleek sports car? Maybe you should consider a family minivan. Do you want all the bells and whistles? Here are a few things to consider before you head to the dealer for your next car.
Separate Your Needs from Your Wants
You may want to ride around town in a sleek sports car, but this is a poor choice if you have three kids. Before heading to the dealer, be realistic about what the car will be used for. You may want to drive a sharp little sedan, but that may not work for you if your family likes to take long trips. Consider how much time you spend in the car, how far you commute and how much cargo you normally need to move around. Once you know what you need, it will be easier to find a car that will suit your purposes and will satisfy you.
Special Deals on Financing
If you’re staying within the same brand, ask for an owner loyalty discount. It could save you a few thousand dollars on your next car. Other potential discounts include deals for students, military members and even teachers. Talk to your sales person to see how many discounts you might qualify for.
Know the Value on Your Car
Before you head to the dealer, visit kbb.com to see what your car is worth. You will get more for your car selling it on your own, but there is a valuable convenience factor associated with trading it at the dealer. However, you need to be prepared with the numbers. Clean your car before you go in, and consider keeping it a little longer if you owe much more than it’s worth.
Go Used
Depreciation is the enemy of every car, but you can let someone else pay for a good portion of that expense. Cars lose as much as 30 percent of their value in the first two years, so you can save a great deal of money by choosing a car that’s one or two model years old. This is an especially wise choice if you tend to keep your cars more than seven years.
Watch the Interest Rates
Dealers make a good deal of their money from the interest rate they charge you. It’s convenient walking into a dealer and financing your car on the spot, but this is only the best choice if they are offering special deals on interest rates. Otherwise, you’re better off getting independent financing through your bank or credit union.
Buying a car is exciting and thrilling, but you must do your research before making the final commitment. It’s important to do some research before you visit the dealer, so you can save money by getting the best interest rates and special deals. With a little research, you can make a smart choice for your next new car.
– Brian Calhoun writes for auto blogs where you can get auto repair chicago information and estimates.
