You want to buy a car, but you're not sure what kind to get. Well, it's not easy to decide what to buy when it's a big deal. Even more so if you're about to buy a car. Before you make a decision, take a look at these tips and information that may help you figure out what kind of vehicle is best for you:
- What should I do: buy or rent? Good question. What you do with your car will determine the answer. You'll have to weigh the pros and cons of buying versus renting. You should think about how many miles you drive each year, how much money you have for a down payment, how long you want to keep the car, and anything else that comes to mind. You might want to do some research online at sites like www.smartmoney.com to help you decide if you should buy or rent. Sites like this one can give you a lot of information about whether you should buy or lease your next car.
- Get your financing in place before you buy a car. That's right, get approved ahead of time. By doing this, you'll be in charge when you talk to the seller about buying a car. Find out what the best interest rate is that you can get. The Internet is also a great way to do this. You might want to check out www.bankrate.com and www.eloan.com to see what the rates are for financing a car.
- Once you've decided to buy a car, you need to figure out what you'll use it for. This will help you figure out what kind of vehicle you might want to buy. For example, do you have a long way to get to work? You might want to buy a car that gets a good amount of miles per gallon.
- First of all, how much money do you have to spend on a car that fits well within your budget? You're right! Can you fit a monthly payment for a car into your budget? If so, how much can you spend without putting your finances in danger? Think about it, and then make the right choice for you.
- Check your credit report and FICO score before you apply for a loan to finance your car. You want to make sure you know your credit history and score so that you can talk to your potential lender about a better interest rate.
- Use the Internet to find out as much as you can about the car you want to buy. This is by far the best way for you to find the best price on the car you want to buy. For example, www.edmunds.com is a source that you might want to look at. On that website, you can find out what the dealer's invoice prices are. This will help you negotiate the price of your car with the dealership where you're thinking of buying it. You might also want to check out www.cars.com and www.pricequotes.com to find out how much your next car will cost.
So, you can see why it's important to do some research before buying your next car. When you're ready to buy, you'll be in a better position thanks to the information you've learned. You'll be glad you knew about these things before you tried to buy your car. You've probably saved yourself a lot of time, but more importantly, you've probably saved yourself money and learned more about how to buy a car in the long run.
