Maelynn Chaïma. Used Car. March 21st , 2020.
Are you fixing to buy a car pretty soon? Before you just run out and make a purchase this big you should read these 10 tips for buying a car first. As a matter of fact you may want to print them off and take them with you. These are some very important tips to remember. The recession has made things a little bit harder for everyone and the car dealers are trying to squeeze every penny they can out of you. You will want to get the most value for your money that you can. Buying a car is a very important investment. You should always want to protect your investments the best way you can. You do not want your car to become more of a liability than an asset. If you are not careful that is exactly what can happen. These 10 tips for buying a car hope to provide you with a little bit of knowledge before you go out and start looking for your dream car. Read through all of these tips and take them into consideration when you are looking at different cars. Whether you are going to buy a new or used car you will want to know all of these great tips to avoid all of the pitfalls to making a huge purchase like this.
So who is the smarter consumer? Who is on their way to being able to always buy nice cars? Just from one or two times abstaining from borrowing money to buy a new car a consumer can have the money in the bank to buy all their cars new, if they so desire. Also, after a little time of driving an asset they own free and clear, consumers may find they like the way that feels, even if the car does not look showroom perfect. They say there is an air freshener you can buy for that new car smell. Also bear in mind that our calculations did not take into account the amount you can save every year on ad valorum taxes and insurance for less-than-new cars.
So when you see someone driving a new car just look at them to say silly!! Now when looking for a used car you need to decide what you are after, this sounds obvious but for many people this is not. Do you want a 4×4 or a people carrier maybe you fancy a sporty two seaters but maybe you just want a normal family car. Once you have decided on the car you are after you need to consider the budget you have, whether you take out a car loan or whether you pay cash you need to have a budget. If you are taking out a car loan then you need to consider how much you can afford to re pay on the loan and the best advice is you need to think if you can afford the repayments if you do not work. If you can’t then maybe you should re think your budget.
Question: Why are you selling the car? The answer to this question might not impact your decision, but it is a good idea to have the answer. Lets look at it this way, would you rather buy a car from someone who decided to upgrade to get more room for their kids or someone who says they wanted something better? Many sellers tend to answer this question quickly and on impulse so you should get an honest answer. Question: Can I come look at the car and take it for a test drive? If you are asking all of these questions over the phone or via email, you will want to ask this important question. It is always recommended that you take a vehicle for a test drive before deciding to buy. Just because a car looks good, it doesn’t necessarily mean it runs good or will be comfortable for you to drive. Run in the other direction if a seller keeps making excuses. The car might not run or they might not even have a car to sell (common with online scammers).
Now pretend that you keep your 2003 Toyota Camry or that you are the buyer this year that bought it for $6,000. You have no car payments, so if you get laid off from your job or have other temporary financial setbacks, there is no stress from the possibility of the car being taken by the repo man. Granted it’s a used car so we might need a little extra for repairs, let’s say $100 a month. You still need to get the oil changed and regular maintenance done on the car like the new car, but you don’t need to sweat over a few coffee spills on the upholstery or scratches and dings on the paint since you know the car will be worth little when you are ready to get rid of it anyway. Where will you be in six years if you sock away the extra $220 dollars a month in a rather lousy investment CD with a rate of one percent? You will have $16,000 in savings. That is surely plenty of money to buy another nicer and newer car.
2). What is the maintenance history of your car? Ask the current vehicle owner to show you records of oil changes, routine maintenance as well as the mechanical work that might reveal a whiff of a problem. 3). Why are you selling this motor vehicle? Do not rely on the seller’s honesty but on your own instincts with this one. If the existing owner cannot give you a plausible explanation, that can be a indication that he may be trying to pass off a lemon. If you odor a rat, move on. 4). Is this car is still under warranty? Just as when you are shopping for a fresh jug of milk, you’ll want to pick the car that has the most time left previous to the expiration date – on the warranty that is. If the warranty won’t transfer, or if it is previously expired, consider asking the seller to cut the price by what it would price to buy an extended warranty. After that you can decide whether to purchase the extended warranty or else bank the money for possible repairs.
Many people do not consider that they have a choice when buying an automobile they need for transportation. They assume since they usually buy new shoes and new underwear that a car is something that should be bought new also. In our culture if you don’t have enough money saved to buy something now, there are always plenty of hawkers of loans and credit to lend you the money to do so. Is this always the wisest thing to do? What if you owned a 2003 Toyota Camry, sold it this year for $6,000, and took the money and made a down payment on a new $24,000 car? You would have to finance $18,000. According to Yahoo, the current national average for a car loan is 5.75 percent, and government statistics inform us that the average car loan is for a period of more than four years. Let us say you finance the car for six years. Your monthly payment would be about $320 a month. Six years later you would have paid $23,000 out of pocket for the car and you will have only $6,000 to show for it if you took very good care of the car and are able to get that price when you resell it. That means no accidents, no eating or drinking in the car, and getting the oil changed and other maintenance taken care of on schedule, and keeping the mileage low to average. In other words, you will need to have a bit of luck and be very conscientious in taking care of your car if you want to get a good resale value on it six years later.
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