Things to Consider Before Making a Car Purchase


May 22, 2024
Automotive
Editorial


Investing in a brand-new set of wheels is not something to be taken lightly. It is likely going to be one of the largest purchases you will ever make, and if you get your choice wrong, it’s not as if you can simply return it and say, “I don’t like it. Can I have a refund, please?” Therefore, it’s pretty crucial to get it right the first time to save yourself a lot of anguish and even more buyer’s remorse. Fortunately, with a little research and an understanding of the things to look out for, you should walk away as the proud owner of a fantastic vehicle.

Compare Models And Prices

There’s no doubt that the car market is heating up fairly dramatically. With new Chinese brands popping onto the scene and seeking to challenge the current order, you certainly have plenty to choose from. However, in most cases, if you simply want a car that ticks all the right boxes and allows you to stay clear from politics (a weird sentence to say in a car post), then you might want to stick with what you know and opt for a brand known for its heritage and reliability. In the USA, this tends to include tired and tested vehicles like the Chevrolet Tahoe and similar models. You needn’t even only opt for American brands, and if you’re feeling a little adventurous, you could veer into European or Japanese models that offer similar quality, albeit usually for a higher price. Whatever brands you add to the shortlist, make sure they come in at a price within your budget. While you can certainly finance your purchase, you need to be prepared to meet the monetary payments if you want to remain behind the wheel.

Know Your Financial Limits

Following on from the previous point about buying within budget, you should really know your financial limits well before you even head out to your first dealership. Knowing your current credit score can also save you a lot of time and potential embarrassment when you get to the buying stage. Knowing how much you can afford to spend or finance will help you to create a list of cars that fit within that range, significantly narrowing down your choices and making it far easier to digest. Although we would say that we like choice, the truth is that we are perhaps more enamored with the idea of choice rather than too much of it in practice. When you only have a list of around five or six vehicles to choose from, you will feel the stress melt away, and a sense of relief will wash over you when compared with the prospect of choosing from hundreds of options.

Needs Vs. Wants: Prioritize Features

We all want stuff, but the question you should be asking yourself is whether you actually need it. While there are some instances when you can add in a few features that you want simply because you can, you should spend time considering how you will use your new car and what features will fit your circumstances more accurately. For example, if you have a large family, you will probably have to drop your dream of owning a Mustang and instead look around at the different minivans and SUVs on offer. But it’s not all lost dreams and broken hearts; you can still find lots of models that fit your needs and still provide you with enough excitement that your daily commute won’t be a grind. One thing that blurs the line between needs and wants is your in-car entertainment system. At the very least, it should include Apple and Android connectivity so you can sync up your phone and enjoy your podcasts and music as you drop the kids off at school.

Take It For A Spin Before Committing

Try before you buy is the usual mantra when purchasing a car because you can never really get a feel for the thing merely from the salesperson’s sultry words! Just be fair in this regard, as most dealerships tend to have a budget for this task, and if you want to remain on the right side of the salesperson during negotiations, you might not want to go overboard.

Budget For Maintenance And Fuel Costs

The price you pay for your new vehicle isn’t the only price you should consider. You should also understand how much it costs to maintain it over the long term. This includes yearly servicing and costs for spare parts and tires. Higher-end models will cost more for these things than cheaper ones, so you need to bear this in mind. Also, don’t forget about fuel economy, and unless you happen to have a trust fund, you might want to choose autos with good gas mileage.

Selecting a new car can be tricky, especially when there are so many to choose from and so many things to consider. By using the tips in this post, you should hopefully end up with something that suits your needs and allows you to have some fun in the process.