Frank Diaz

Dec 27, 20213 min read

Things to know before buying a car..!

Updated: Jan 20, 2022

You might have wondered if buying a car would be a good decision, or have been undeceive about what car type to buy.

I went through the same process.

Well, buying your own car can be a dream come true or become a night mare. There many factors to be concerned about, and it all really depends on you; your location, purpose, budget, etc,.

So I listed up some things you should consider before deciding to buy a car.

1. Determine What Car Fits Your Needs

1. 　Decide what type of car you are looking for, it is time to figure out what factors are most important to you.

2.　Make a list of what you really need in a car such as safety, good gas mileage, etc. and focus your search on cars that meet those needs.

3.　Think about what you will be using your car for: commuting, camping, family riding, etc.

4.　Research the car makes and models available. Make sure to also read car reviews on specific models and years to get all the inside information.

2. Get Your Credit Report

Start by checking your credit score.

Buying a car is a big purchase, so you want to make sure you are able to finance a potential vehicle. The higher the credit score, the better chance you have of negotiating a lower interest rate on an auto loan.

3. Review Your Loan Options

Take a look at auto loan rates at your local credit union or bank and compare it to other options.

If you’re approved for a loan before visiting a dealership, it can save you time,

and give you an advantage when negotiating the final sale price of the car you choose.

4. Discover Your Car’s Trade-In Value

If you currently have a car that you plan to trade-in, don’t wait for the salesman to tell you what it’s worth, do your own research.

1.　Input the specific details of your vehicle, including the year, make, model, mileage and condition.

2.　If there are minor cosmetic repairs needed, consider making them yourself to increase your car’s net value.

5. Determine Your Desired Payment

The key pieces of information you need to calculate your monthly payment are the loan amount, the annual percentage rate (APR) and the term.

You may also want to consider putting a down payment on your new car to arrive at a smaller loan amount, which leads to lower monthly payments.

6. Decide Whether to Buy a New or Used Car

The next choice you face is whether to get a new car or a used car.

There are advantages and disadvantages to each, so make a deep research.

7. Learn About the Car’s History

Looking at the car’s history can give you a lot of information, including the number of checkups, past owners, accidents, and any repair history that has been reported.

While you will have to pay for the car inspection, a trusted mechanic can point out potential issues that might cost you thousands of dollars down the road.

8. Consider Whether You Would Like to Buy or Lease

・If you buy a car, you’re financing the entire cost of the vehicle

(minus any trade-in or down payment).

・If you choose to lease a car, you pay the cost for the length of time you have it.

Ask yourself some questions.

1.　How much do you drive? There’s usually a limit to how many miles you can put on a leased vehicle before you have to pay additional fees.

2.　Do you keep your car in good shape? With a lease, you may have to pay a penalty for returning a car that’s not in good condition.

3.　s there a possibility of major life changes occurring during the term of your lease? There’s often a fee involved in terminating a lease agreement early.

9. Research Dealerships

In addition to researching cars, it is also a good idea to research different dealerships.

Read reviews from other customers to find out what experiences they’ve had. Ask your family, friends, and neighbors for recommendations.

Once you’ve done your research, test drive the cars you are interested in at multiple dealerships, there may be one dealership that will offer you a better rate on the vehicle you are wanting to purchase.

10. Start the Negotiation

Now it is time to get your dream car. Remember your budget and stick to your ground.

If the salesman asks for your top dollar, quote a number that’s lower so you eventually settle somewhere near your target price.

Things to know before buying a car..!

You might have wondered if buying a car would be a good decision, or have been undeceive about what car type to buy.

I went through the same process.

Well, buying your own car can be a dream come true or become a night mare. There many factors to be concerned about, and it all really depends on you; your location, purpose, budget, etc,.

So I listed up some things you should consider before deciding to buy a car.

1. Determine What Car Fits Your Needs

1. Decide what type of car you are looking for, it is time to figure out what factors are most important to you.

2. Make a list of what you really need in a car such as safety, good gas mileage, etc. and focus your search on cars that meet those needs.

3. Think about what you will be using your car for: commuting, camping, family riding, etc.

4. Research the car makes and models available. Make sure to also read car reviews on specific models and years to get all the inside information.

2. Get Your Credit Report

Start by checking your credit score.

Buying a car is a big purchase, so you want to make sure you are able to finance a potential vehicle. The higher the credit score, the better chance you have of negotiating a lower interest rate on an auto loan.

3. Review Your Loan Options

Take a look at auto loan rates at your local credit union or bank and compare it to other options.

If you’re approved for a loan before visiting a dealership, it can save you time,

and give you an advantage when negotiating the final sale price of the car you choose.

4. Discover Your Car’s Trade-In Value

If you currently have a car that you plan to trade-in, don’t wait for the salesman to tell you what it’s worth, do your own research.

1. Input the specific details of your vehicle, including the year, make, model, mileage and condition.

2. If there are minor cosmetic repairs needed, consider making them yourself to increase your car’s net value.

5. Determine Your Desired Payment

The key pieces of information you need to calculate your monthly payment are the loan amount, the annual percentage rate (APR) and the term.

You may also want to consider putting a down payment on your new car to arrive at a smaller loan amount, which leads to lower monthly payments.

6. Decide Whether to Buy a New or Used Car

The next choice you face is whether to get a new car or a used car.

There are advantages and disadvantages to each, so make a deep research.

7. Learn About the Car’s History

Looking at the car’s history can give you a lot of information, including the number of checkups, past owners, accidents, and any repair history that has been reported.

While you will have to pay for the car inspection, a trusted mechanic can point out potential issues that might cost you thousands of dollars down the road.

8. Consider Whether You Would Like to Buy or Lease

・If you buy a car, you’re financing the entire cost of the vehicle

(minus any trade-in or down payment).

・If you choose to lease a car, you pay the cost for the length of time you have it.

Ask yourself some questions.

1. How much do you drive? There’s usually a limit to how many miles you can put on a leased vehicle before you have to pay additional fees.

2. Do you keep your car in good shape? With a lease, you may have to pay a penalty for returning a car that’s not in good condition.

3. s there a possibility of major life changes occurring during the term of your lease? There’s often a fee involved in terminating a lease agreement early.

9. Research Dealerships

In addition to researching cars, it is also a good idea to research different dealerships.

Read reviews from other customers to find out what experiences they’ve had. Ask your family, friends, and neighbors for recommendations.

Once you’ve done your research, test drive the cars you are interested in at multiple dealerships, there may be one dealership that will offer you a better rate on the vehicle you are wanting to purchase.

10. Start the Negotiation

Now it is time to get your dream car. Remember your budget and stick to your ground.

If the salesman asks for your top dollar, quote a number that’s lower so you eventually settle somewhere near your target price.

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1. 　Decide what type of car you are looking for, it is time to figure out what factors are most important to you.

2.　Make a list of what you really need in a car such as safety, good gas mileage, etc. and focus your search on cars that meet those needs.

3.　Think about what you will be using your car for: commuting, camping, family riding, etc.

4.　Research the car makes and models available. Make sure to also read car reviews on specific models and years to get all the inside information.

1.　Input the specific details of your vehicle, including the year, make, model, mileage and condition.

2.　If there are minor cosmetic repairs needed, consider making them yourself to increase your car’s net value.

1.　How much do you drive? There’s usually a limit to how many miles you can put on a leased vehicle before you have to pay additional fees.

2.　Do you keep your car in good shape? With a lease, you may have to pay a penalty for returning a car that’s not in good condition.

3.　s there a possibility of major life changes occurring during the term of your lease? There’s often a fee involved in terminating a lease agreement early.