Yusra3
VIP Contributor
Wants to buy a car? here are some of the useful tips :
1. Decide Your Budget
Determine how much you can reasonably afford to spend by considering factors like income, existing debts, insurance and maintenance costs.
2. Check Your Credit
Good credit scores above 700 will ensure you get the best interest rates on a loan or lease.
3. Pick Your Vehicle Type
Research to narrow down the make/model that best fits your lifestyle, cargo space and tech needs.
4. Do Your Research
Compare prices online for the vehicles you’re interested in to estimate the average market value.
5. Get Pre-Approved Financing
Check lending rates and secure financing from your bank or credit union before visiting dealerships.
6. Know Invoice Pricing
Use sites like Edmunds to find the dealer invoice price to negotiate up from, not the higher MSRP.
7. Read All Paperwork
Don’t sign anything until you thoroughly understand the terms, fees, interest rates and contract details.
8. Add Up Total Costs
Factor in taxes, registration fees, trade-in values and extras like extended warranties to estimate the out-the-door price.
9. Inspect the Vehicle
Take it for a test drive and check for any issues, damage or needed repairs.
10. Be Ready to Walk Out
Don’t feel pressured into a deal. If you can’t negotiate a fair price, be willing to walk away.
Arm yourself with research and preparation to score the optimal deal with confidence. Patience wins when making this big purchase.
1. Decide Your Budget
Determine how much you can reasonably afford to spend by considering factors like income, existing debts, insurance and maintenance costs.
2. Check Your Credit
Good credit scores above 700 will ensure you get the best interest rates on a loan or lease.
3. Pick Your Vehicle Type
Research to narrow down the make/model that best fits your lifestyle, cargo space and tech needs.
4. Do Your Research
Compare prices online for the vehicles you’re interested in to estimate the average market value.
5. Get Pre-Approved Financing
Check lending rates and secure financing from your bank or credit union before visiting dealerships.
6. Know Invoice Pricing
Use sites like Edmunds to find the dealer invoice price to negotiate up from, not the higher MSRP.
7. Read All Paperwork
Don’t sign anything until you thoroughly understand the terms, fees, interest rates and contract details.
8. Add Up Total Costs
Factor in taxes, registration fees, trade-in values and extras like extended warranties to estimate the out-the-door price.
9. Inspect the Vehicle
Take it for a test drive and check for any issues, damage or needed repairs.
10. Be Ready to Walk Out
Don’t feel pressured into a deal. If you can’t negotiate a fair price, be willing to walk away.
Arm yourself with research and preparation to score the optimal deal with confidence. Patience wins when making this big purchase.
