Are you excited to get a car? I was delighted too when my husband and I got our family car and it was at the height of the COVID-19 pandemic. If you’re thinking of buying one soon, read on for my best tips for buying a car.
At that time, we decided it was time to get a car for the family since public transportation wasn’t a good option. Also, in times of emergency, it’ll be really helpful. You wouldn’t want to be hailing a taxi when you’re child’s sick in the middle of the night.
Lastly, when we want to go on vacation with my in-laws, we have something to get us places safely. We went for a seven-seater new car so that it’s also roomy for road trips.
Best Tips for Buying A Car
So, if you’re ready to buy a car, take note of these tips:
Know what you need
As with anything you buy, you need to assess your needs first. Some relevant questions to ask yourself include:
How will the car be mainly used? Would it be for delivering goods or maybe going to work?
What type of vehicle do you need?
Does it often flood in your area?
Do you plan to have more kids?
Manual or automatic?
Fuel-powered? Electric? Hybrid Car?
New car or used car? Or will you trade in?
By the way, did you know that there’s been a huge increase in used car sales during the early part of the pandemic?
Yes, a CNBC article noted that at the start of the pandemic some companies report a 25% increase in revenue. However, because of the sheer number of people going for used cars, you might need to look at older models for cheap.
Set your budget
Go for a car that you can actually afford and know your payment options.
According to a recent Consumer Financial Protection Bureau article, the rise in car prices translates to more people going for car loans. In case you decide to go this route, make sure to figure out your loan first.
Do your research
This is probably the most important part so you won’t have any regrets.
When is the best time to buy a car anyway?
To save some money, you might want to follow Consumer Reports’ insights: buy a car at the end of the month since salespeople are reaching for quotas or end of the year (October to December) since it’s the slowest season.
What are some factors to consider when buying a car?
There’s a lot actually.
But some things you need to note are fuel efficiency, power, performance, safety systems, operating costs, brand, and resale value.
With the rising prices of fuel, you need to know how much you’ll spend on gas too. This is so crucial especially if you’re going to use the car routinely for work or business.
As for the safety systems, check the safety features or recalls of the car model you’re eyeing. The car we bought recently beeps when you don’t have your seatbelt on. Plus, besides the usual safety features, it has a rear camera and parking sensors.
Before you close the deal, read the fine print. You wouldn’t want to be a victim of false advertising, unnecessary add-ons, or hidden fees, would you?
Owning a car is a privilege and a huge responsibility. But with these handy tips, I’m positive it’s going to be a pleasant experience for you and your family.