Buying a new or used car can be difficult. There are so many different things to think about. It is definitely understandable why some people get stressed out when buying a car. It is a big purchase, and one of the largest purchases that you will ever make most likely.
Thankfully, W is a new car salesman, so when we bought our 2013 Chevy Camaro, it was fairly simple.
We have bought several cars also, so that always makes the process a little easier. We have had a 2008 Scion tC (this car was jinxed – it was hit over 10 times while it was parked and no one was even in it – I really dislike bad drivers!), an ancient (to us at least) Dodge Neon, a Grand Am, 1996 Jeep Wrangler, our other current car – a 2011 Jeep Wrangler (we replaced the 1996 Wrangler with this one – bought the 2011 brand new in 2012 and saved money), a Nova (we bought it for $500 and sold it for $500 a year later), and our other automobile that just sits in our garage – a 1961 Chevy Apache (which has tripled in value since we bought it).
Wow, just naming the list of cars that we have gone through was exhausting! After you determine whether or not you want to keep driving your current car or whether you want to buy a new car, you have to think about the costs of course.
Find the best financing.
Do you want to pay in cash or do you want to finance the car? Sometimes it may be better to finance, because you might be able to get a super low-interest rate. That's what happened to us! Our interest rate is less than 2%, and we can most likely earn more than that by investing our money instead.
Shopping around on sites such as Westralian Auto Finance or Yes Loans can really help you lower the overall cost of the car. The difference in overall car costs can vary a lot if you have a 10% interest rate as opposed to a 2% interest rate.
Don't think about the monthly payment first.
Yes, you want your car to fit into your budget, but if you are only thinking about the monthly payment, then this could hurt you. Thinking to yourself that you want a $300 a month car can hurt you. Why is this?
Well a $300 a month car over 36 months is not the same as buying a $300 a month car spread over 72 months. This kind of thinking can kill your financial goals!
See if your company offers any discounts.
Many large companies have discount codes available for when you buy a new car. Look into this! A discount might save you hundreds or even thousands of dollars off of a car.
I feel like this one should be a no-brainer. However, I have worked in customer service before and sometimes customers are rude just because they think that's the only way that they will get what they want. However, being nice will most likely help you more. Who wants to help someone screaming down their throat? Not me…
What car buying tips do you have?
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