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Adapted from article at www.broadstreetauto.com.
Buying your next new or used car does not have to
be a daunting event. If you prepare yourself properly,
before going to the dealer or purchasing online, it can
actually be a fun and exciting thing to do. But you need
to be aware of several car buying issues before you get
started, as well as some online resources that can help
you save thousands of dollars. From researching to final
purchase, we will walk you through everything you need
to know to get the best deal on your next new or used
car. Whether you are ready with a check in hand or just
researching basic information, you will benefit from
learning about car buying preparedness and using online
resources in advance.
Preparation Is Everything
Assuming you have not already done so, your first step in
buying your next new or used car is to determine your
transportation needs. Look at the type of driving you do,
and the people and cargo you transport. Next decide how
much you can afford to spend. In addition to the purchase
price and monthly payments, you should determine and
take into account the costs for insurance, gas,
maintenance and licensing. After all, getting the best
deal on the wrong vehicle would be counter productive,
don't you think?
Selecting a Make and Model
Consumer and automotive resources which test and
compare cars and compile data can be very helpful in
selecting an appropriate make and model to meet your
needs. To make it easier for you, we have reviewed and
compiled several top internet resources that can help
you select the right model as well as save you money
on buying your next new or used car.
Getting Financed
I think that you will agree that getting the best deal
on a car is useless if you pay too much in financing.
Therefore, it is critical that you obtain the best finance
deal possible. Try your local bank or credit union (View
Premier Federal Credit Unions Vehicle Loan Rates),
especially if you have bad credit. They may be able to
give you a better deal.
The best way to shop at the dealer is with a check in
hand. Try to get pre-approved before shopping. This
gives you a lot of bargaining power. It is like having cash
in hand, and, everyone loves a cash-in-hand shopper.
Make it work to your benefit.
Get pre-approved with Premier FCU today!
Check out Car Warranties
Comparing new car warranties is something that should
not be overlooked when selecting a vehicle. By law, the
dealer must post signs that warranties are available for
inspection or give you a copy before sale upon your
request. The warranty must clearly state who is
covered by the warranty, what is covered, the name and
address of the warrantor, who will perform warranty work,
and the procedure for getting warranty work done. Your
credit union offers several warranty and insurance
programs as well. Click here for more details.
New and Used Car Pricing
Research price information on various makes and models
before you start looking for your new car. You can obtain
information about how much it costs a dealer to buy a
particular model and optional equipment. There are a
number of good internet resources offering this
information, including Kelley Blue Book or the NADA Car
Guide. The Blue Book and other price guides are also
available at your bank, credit union, or local library.
Comparison Shopping For A New Or Used Car
Simply put, the only way to ensure you get the best
deal on a new or used car, is to shop around. This does
not mean that you have to spend countless hours at
dealer lots. Shop smarter not harder. Use the Internet
to help you pack a punch at the dealer.
Most importantly, don't forget to check your credit report
before attempting to buy your next car. Don't forget, you
can obtain a free copy of your credit report once every
12 months from each of the nationwide consumer credit
reporting companies: Equifax, Experian and TransUnion.
More Information About Car Buying
Click on the links below to access additional consumer
information about car buying.
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