What steps do you take when buying a new vehicle?
It\’s time for a new car. The process can be overwhelming. What steps should you take to buy a new vehicle?
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Once you decide the make, color and model of your next vehicle, you’re faced with how to pay for it and how to navigate the best deal. Even the most experienced car shopper overlooks something in the process. It doesn’t matter how many times you’ve bought a car, there’s always a feeling that you might be over your head.
Avoid the common traps and be an empowered buyer. Here’s how:
Research the vehicle.
Buying a car based only on a few online reviews and a test drive is a common mistake. Do your research. Think through what happens when the warranty ends. Are repairs costly? What are the common maintenance issues? How much extra is that panoramic sunroof? Thanks to social media, there are groups for nearly every car you can imagine. Join one that fits the new car you\’re looking to buy and ask questions beyond what you\’ve read online. Know someone who is driving your favorite car? Ask how the car is holding up.
Flex your financing muscle.
Do financial homework of your own to determine how much you can afford in a new car. Sounds like common sense, right? Check your credit report, assess your monthly personal expenses and give yourself a budget goal. Be honest with yourself about what you can afford. Have a preferred lender relationship? Meet with your lender and get pre-approved. And, when it comes time to buy the vehicle, insist your loan remain with that lender, not the lender the dealership may favor.
Take it for a test drive.
You are in control of your car buying experience. If you’re debating between a few vehicles, give them both a spin. Consider how you spend most of your time behind the wheel. If your commute involves heavy highway use, be sure to jump on a thoroughfare to test its speed and overall control. Or, cruise in an area with roundabouts, stop signs and stop lights if you\’re more of an in-town, stop-and-go driver.
Think about how you\’ll use the vehicle.
Have a car seat or canoe to add to the mix of the new vehicle? Love to camp or have kids\’ sports gear to haul? Be sure to check the specifications of the vehicle you\’re considering for the ample space or storage solutions you\’ll need for your lifestyle.
We hope these steps you need to take to buy a new vehicle have helped! Reach out to us any time with questions! At CarSnoop, we’ll do all the work for you in getting dealers to bid for your business. Being an informed buyer with some legwork and research up front will provide you the best results.
Consider CarSnoop the stress-free car buying concierge.