OWFMoney – Before you buy that dream car of yours. If the proper things are not done, you may think you have struck a great deal without knowing that you could have a made a greater deal or possibly you have actually made a very bad deal over the new purchase.
Here are some tips that will be of great help to you.
1Identify the invoice price:
2Check your Credit History:
Most of the time when people shop for their choice cars, they actually need a loan. The eventual cost of the loan will depend on the credit history you have. Having this knowledge will help you a whole lot to know the kind of bargain you want to make. Every consumer can have a free credit report once a year, each from the three major credit reporting agencies; this was made possible through the Fair and Accurate Credit Transaction Act of 2013 (FACTA). Request for a copy of your credit history and check it for accuracy, you can pay the extra little cost and get your credit score as well because Banks do use this to determine your creditworthiness. Make sure you have this information, it will help you know the cost implication of the car loan you want to apply for.
3Your real desire: Confusing?
Yes at times the various number s of models available in the market, the body styles and other differentiating factors can be very confusing.
If you want to make an Expressive statement: then you are to think of a coupe or convertible cars. They could be very expensive and also have a negative side- The restricted backseat. Station wagons have the worst reputation in the market due to the body style. It consumes much fuel but this is now been worked upon across the market. if you are looking for tall cars, then you consider an SUVs or Crossover. Most times its needed when the roads are always good. It consumes a lot of fuel due to the heaviness of the car.
4Cash or Financing?
When you need to buy a car, there are only two options in terms of payment; Cash payment or applying for financing. To pay cash means you pay the total value of the car at once but financing means you pay if off over an agreed period of time with your financier. The good thing about financing is that you are going to get a better car, than if you are paying cash.
You may want to ask why, if your budget is $8,000, if you will definitely like buy a used car if you pay at once. Now, think of using the $8,000 as a down payment for a new car, you will more car options and if perhaps you have a cool credit rating you can easily afford many new model cars.
5Time Your Purchase: The Time Advantage
At the end of the month many dealers will accept lower offers, this is for them to be able to meet their monthly target and qualify for manufacturers’ rebate. You need to understand this, dealers run on a month-to-month basis.
6If It’s A Used Car; Here Are The Must Checks.
1. Request that car be put on a level ground. This is to make sure you can clearly check the tires and see that nothing is sagging in the car you are about to buy.
2. Rust spots, dents or scratches on the Car should be well checked and noted. Inspect the care from the sides from end-on to see if there is any waviness; that indicate paint works.
3. The trunk of the car should be checked to ensure that it is in good condition. It should not show any sign of rust, or water entry due to cracks or holes. Wear inside of the trunk indicates usage of the car.
4. On checking the tires, verify that it wears evenly and that they match. Check the tire if there is feathering, this is a sign for bad alignment.
7Never buy a frame damaged car. Check the saddle (connects the front fenders and holds the top of the radiator).
Most of the times, buyers do qualify for multiple rebates which they may not be aware of. It is possible you belong to an organization or receive coupons in your mail. Most dealers are well known for keeping rebates to make additional profits. Many buyers will qualify for multiple rebates, some of which may not even be made public. You might belong to organizations or receive coupons in the mail that entitle you to additional rebates. Be aware of all rebates for which you qualify and make sure you receive them. Dealers are known for not giving buyers every rebate available to them, instead keeping one or two as additional profit.
Before you finally make your decision, check the following interior features;
Backup cameras can be very useful if you need to parallel park most of the time. The camera can be of great when you want to squeeze your way into a park. The technology is improving as the day goes by. In-Car Navigation
What’s the difference between a Garmin navigator and an in-car navigation system? those touch screens might look cool, but they’re little more than a useless sales gimmick. Leather Seats
Leather or no leather? It’s oldest question of preference in the book. Seats are also comfortable – more comfortable, by some people’s opinion– and they’re easier to clean and don’t hold the smell of smoke as long as cloth. But leather seats can also get volcanically hot or frigidly cold depending on the weather.
Safety is a very important part of features to check before you make your final decision. The under;isted points are to be checked for safety assurance.
– Accident Avoidwance
It is very important to be sure that your car can help you avoid accident. Key factors to consider are braking and emergency handling. Acceleration, visibility, driving position, and even seat comfort also play a vitalrole.
– Air bags
Normally every new car comes with dual air bags in front. All new cars have some version of a “smart” air-bag system. It uses electronic sensors to gauge several variables, which, depending on the model, include crash severity, safety-belt use, the position of the driver’s seat, and the weight and/or position of an occupant in the front-passenger seat. This information is used to tailor the deployment of the vehicle’s front and side air bags.
– Safety-belt features
Three-point lap-and-shoulder belts provide the most protection in a crash, and most vehicles now have them in all seating positions. A few, however, may have only a lap belt in the center-rear position, which allows the upper part of the body to move forward in a crash or panic stop. The comfort of the belts is also important, because some people won’t wear them if they’re uncomfortable.
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