When you announce you are going to buy a car, you will hear plenty of advice pouring in from family members and friends. They will preach about the best car to buy, the best dealership to go to and the best financial option for you. Plus, the Internet has plenty of articles on ‘Top tips to buy a car’. The problem with them is that they list down the most obvious tips.
Well here are tips you haven’t thought of or have overlooked.
1. Go for the Brand New Model
Some of your ‘advisors’ maybe telling you that buying a brand new model that hit the market is a risky business. They are not tried and tested by the consumer – what if there is a defect and what if it gets called back?
If you can afford it, always go for the latest model. It contains all the best and latest features, and the manufacturer fixes up any inconveniences from the old model. All cars that are released in the market go through rigorous testing for any problems. Finding an irreparable defect or facing a vehicle call back shouldn’t be a worry because the chances of that happening are rare and even if it does happen, you will get compensated.
2. Get an Extended Warranty
You will hear that extended warranties are a waste of money or a scam. Not true! If you buy your warranty from a trusted and well-know company, then the extended warranty is very helpful. An extended warranty is great on saving up on those expensive repairs. If you ever land up with repairs that will empty your bank account, you won’t regret it.
3. Be sure of the Price Trade of in a Car Trade-in
The price of giving your used car as trade in is subjective and depends on factors of how old it is, what condition it is in, what features it has, etc. When you sit down with the dealership sales person, be sure of the price you are trading it at. Do not assume it will be a good price! Confirm it!
4. Get a Loan even with Bad Credit
The general idea among people is that if you have a bad credit score, you won’t get a car loan. This is not true. At Insta Auto Loan, we offer car loans to even those who have bad credit history. Taking a car loan is a good way to rebuild your credit situation.
5. A Used Car is a Good Idea
A used car is a great idea for anyone who is short on cash. If you’re short on cash, you are forced to buy the most basic car in the market; however, if you go in for a used car, you get something better. A new car loses about 50% of its value when it’s bought. Hence it is more affordable for you to buy it second hand.
Don’t feel overwhelmed if you’re buying your first car, do your research, get the financing ready and go out and get it!
