Car Buying Guide: How To Save More

Alex Norwood

Whenever it comes to buying something, first you need to set the budget and agree with it. Buying a car is no different and it actually requires more attention and a good market research in order to get the best deal. A car comes second in the matter of expenses after a house and makes people spend a lot of money to buy one, or for maintenance and other costs.

Set your budget

First things come first. Setting a budget can make your life easier as it will make you aware of the expectation. When you enter a showroom you will be welcomed by a salesman. His job is to sell the most expensive cars there and you will save some time by setting the limits form the beginning. Also, think of the fact that the less you spend on buying a car the more you save later on maintenance.

Get the best deal

Nowadays you can find a lot of offers and you also have many communication channels that you can use to start searching your car on the internet to save money and time. There are many specialized websites in car selling and you can use a lot of filters as well. Finding a good deal has never been easier. From there on you can start negotiating but not before you take the car for a test drive. Using your email address or by phone, you can get in contact with the seller but not earlier than one day after the test drive.

Payment method

Keep in mind that you will get the best deal by paying cash, but it is your choice if you want to lease or finance. Saving money for buying a new car is always a good thing to do. This will give you the advantage of paying a large advance and finance for the rest of the needed money. This way you will have good costs and lower interests. Also, take a good look at the contract and make sure you understood how much you will pay at the end of the whole loan.

 

Extended warranty

If you choose to buy a car with extended warranty act carefully. These deals are usually not what they seem to be. The most reliable extra warranties are being offered by the car manufacturer and you can consider it to be your insurance for miles after factory warranty expiration.

Car insurance

Take a good look at the car insurance market before paying. You need to carefully check the contract in order to make sure you are not paying for coverage that you don’t need or that you thought you bought but actually didn’t.

Selling or trading the old car

Whenever you are changing your old car for a newer one you have the option of selling it or trading it to the dealer. Usually trading your car for a newer one will save you some time. But selling your car will bring more cash in your pocket. This means that you will have up to 20% more money to buy the newer car or you can just plan a driving route using that money.

For many people changing their car is no easy task, the car being their second best friend. So, if you are planning to change your car try to take these things into consideration and you will get a good deal, a good car and a good experience. Life is always better when seen through your new car’s windshield.

About the Author: I am Alex and I write about everything, avid car enthusiast and blogger. Also you can find me at: https://www.montrealracing.com/wp/wp/2015/02/le-salon-de-la-moto-de-montreal-des-nouveautes-de-partout/?lang=e

 

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