Buying a New Car? This Guide Will Help!
By Thinking of buying a new car? If you haven’t purchased a car in recent years, it can be challenging to know where to begin. But, don’t worry – here’s an easy guide to help you through the process!
Assess Your Needs
Finding the right car depends entirely on what you expect from the vehicle. Do you want to make a statement? Do you wish to get a family car? Do you want a car perfect for adventures and long travel? When it comes to big decisions like buying a new car, having a list of priorities always helps. Before you settle on which car to buy, ask yourself:
– How many people do you need to fit in the car?
– Where are you going to be driving?
– Are you planning long travels or just a daily commute within the city?
– Are there any features you can’t do without?
– What kind of cargo capacity do you need?
– How big is your garage/parking space at home?
Figure out Your Finances
How much are you comfortable spending on a new car? Are you willing to pay cash upfront? If you are, make sure that the monthly payment towards your new car does not exceed 15% of your take-home salary.
Decide if You Want to Lease or Buy
Both options come with certain pros and cons. Here are a few factors to look at before making a decision:
Pros of Leasing
– You get to drive expensive cars without paying too much
– You can switch to a newer model every few years
– The majority of the repairs come under factory warranty
Pros of Buying
– You are at liberty to sell the car at your convenience
– You can opt-in for modifications.
Pick a Car
Once you have understood your requirements and decided on the car you want to go ahead with, make sure to compare the different models available in your budget. There are a lot of tools online that help you compare all the information like pricing, specifications, and features.
Make Sure You Go for a Test Drive
Now that you have a fair idea about which car fits your needs, you can go ahead and set up your test drive appointment with the nearest dealership. A test drive helps you get a better understanding of the drivability and comfort the car offers.