Car Purchasing Tips for a First Time Buyer from KimsNoBull
Being a first time buyer lends itself to a high degree of stress. After all, how do you know if you are asking the right questions, making the right comparisons, and ultimately making the best buy? However, it doesn’t have to be all that scary even if you are a newbie.
Take a look at these helpful pointers:
Decide on Options and Features
Take some time to consider what it is you need from your vehicle. Do you have a large family? Do you need to have lots of seating? Do you need to haul things such as lumber? Do you need a 4×4? Consider what it is you need and want from a vehicle now and into the future. For example, if you have been talking about starting a family – then purchasing a sports car might not be the answer.
Set Your Budget
Determine what your budget is. Figure out what size payments you can swing. Let us be honest – all those bells and whistles are tempting. All it takes is a good salesperson to up-sell you. By knowing your budget in advance, you are far less likely to overspend. Your budget may determine whether you are in the market for a used car, in which case you need to do some research to learn which vehicles hold their value, and to make sure the price being asked is really what the vehicle is worth.
There is a huge difference between list price and the purchase price. Shop around to find the best price on both new and used vehicles. You could also contact a broker buying service or car buying service to work for you.
Once you find the car you want in your price range it is time to get ready to negotiate the best deal possible. Almost all dealers have at least a little bit of wiggle room whether on new or used vehicles. On new cars this is the difference between the MRSP (suggested retail) and the invoice price. When buying a used car there is often a significant amount of room for negotiations. Don’t take no for an answer – walk away, and never let the dealer know just how much you want the car!
If you are in the market for a used car a test drive may seem like an obvious step but it is also important when you are buying a new car. A test drive is an integral part of any car deal – make sure you don’t forget that!