This is a sponsored post from Cars.com.
Who doesn’t love a brand new spankin car? I’ve bought a few in my lifetime and learned a few tips along the way. Buying a car and buying a house are one of the largest purchases you will make in your lifetime so making the right decision is so important. Check out my 5 tips for making a car purchase whether used or new.
Do your research- Knowledge is power in everything we do in life including buying a car. You can find out just about anything you want to know about a car online. Cars.com is a great place to start researching cars in your price range.The more you know the better you are able to negotiate when that time comes. Find out the invoice price, not the MSRP, you want to know what the dealer paid the manufacturer for the car.
Budget- Set a budget you know your monthly income and what you can afford don’t let a dealer talk you into a more expensive car. Remember you will be paying on this car for the next five or six years. You will also need to factor in gas, insurance, and maintenance.
Avoid Impulse Buying- Being very honest here I’ve done this, I saw a car I wanted I had my heart set on it and purchased it at night. I was not able to see the flaws in it when I bought it and after I drove it off the lot well they were not too eager to help me. Research the make, model and style of the car is this going to be something you will enjoy driving for years to come.
Negotiate terms- Stick to your guns. You’re looking for something that will suit you for years to come, the dealer wants to make money too. Don’t be afraid to walk away. Do everything you can to negotiate terms and knock down the purchase price. Use Cars.com price comparison tool you may find cash back, special financing offers that will sweeten the deal.
Test drive- It may be a cute car but is it comfy, does it handle well? Do the kids fit and have enough room for their sports equipment. Bring the whole family along after all this is a huge purchase and everyone needs to be involved.
In the end, buying a car is a major purchase, and it’s important to research each and every aspect of the process. Educate yourself so you can go into negotiations well-prepared to get the best deal possible on a new or used car.