Vehicle on its last leg? You’re ready to purchase something but youdon’t know where to start? Car buying is a major life event. After a home, it’sthe generally the second biggest purchase you’ll make. We understand that thisprocess can be intimidating. Here are a few basic things to do before you buy.
1. Budget-Start by determining what you can afford. Your perspective vehicle should beworked into your monthly budget so you have an idea of what’s realistic.Remember the costs associated with purchasing a vehicle include but are notlimited to: a down payment, a monthly loan or lease payment, fees forregistration & title, cost for vehicle inspections and emissions testing,dealer fees, taxes, insurance, etc.
2. New,Certified Pre-Owned or Used– We know our choice, but you’ll have to decidefor yourself if you want a New, Used or Certified Pre-Owned Vehicle. Researchthe risks and benefits associated with each type. The benefits of buying a Newcar are obvious. But it is your most expensive option. Buying Brand New mayalso not be the best investment, as new cars depreciate in value very quickly. Manypeople look to used cars as a much less expensive option. But the risks hereare obvious too. And, to avoid buying a lemon, choosing Certified Pre-Ownedover other used vehicles can offer many protections. At Krietz for example, ourCertified Pre-Owned Vehicles are sold with a better warranty and have undergonea rigorous 125-point inspection process for example.
3. Financing-Spend a little bit of time researching your financing options. Dealers willoften coordinate financing for you. But you can also look into the bank orcredit union you’d like to finance through and dealers like Krietz for example,will work with your choice. One of the biggest things to mindful of here isfinding the lowest interest rates and setting up a financing schedule that willget your vehicle paid off quickly.
4. NarrowDown Your Choices to a few Cars– Before you head out the door to thedealer, narrow down your choices to just a handful of make/models you’re mostinterested in. When making this list, consider what vehicle functions mattermost to you. Are you a commuter looking for the lowest gas mileage? Are youparent who needs plenty of seating for kids? Do you need to haul your bike orsporting equipment in the back of your vehicle? Figure out what matters mostfor you and your lifestyle. And keep in mind again, your budget.
5. Test Drive – A good dealer willrecommend this, but always test drive your vehicle before you purchase. Whenyou do test drive, take your time and get the full driving experience. Playwith car’s controls, adjust the seats and make sure it’s a great fit!