Going out into the world on your own for the first time can be scary but it can be done. The things that will ultimately save you when getting your first anything, is doing your research. Being at least somewhat educated on products, services, etc. means that no one can take advantage of you or convince you to do something you’re uncomfortable with. Buying a car is no different.
Buying a car for the first time can be scary. Everyone isn’t well versed in auto talk, nor is it always a pleasure to work with aggressive salesman and get your credit ran all day. In fact, the top four things that anger people about buying a car are spending time on the process, dealing with a salesman, finding the right car and understanding how car loans work.
To make sure you’re getting your money’s worth, always check sites like Kelly Blue Book or Car Gurus for the true value of the cars. You can also use these tools to search for your next car.
Here are some key things to keep in mind when buying your first car:
Know exactly what you want. Save yourself the pain of getting your credit ran or test driving cars that you have intentions on buying by doing your research, Fifty-two percent of buyers have no idea what make or model they want before talking to a salesman. Know whether or not you want a sedan or an SUV, how many miles you’re willing to consider and always negotiate.
Having no payments is best. If you’re in a position to be able to wait and save for a car, then do so. Having car payments can be quite the burden and with interest, you’ll always end up paying thousands of dollars more than the actual sticker price. Prices are negotiable, so make it clear just how much you’re willing after interest. So whether or not you have to make payments, always negotiate although you may be scared. Turns out, 73% of people wish that prices were set in stone for all cars so they don’t have to negotiate. Don’t be like them.
One owner is best. If you can find a car with one owner, that great. It makes it easier to tell what a car could have been through and track down any potential issues. If one owner isn’t panning out, two owners is OK too but that should be the limit.
Always get the car fax. The car fax tells you the story of the car. You can see what work has been done on the car, if any accidents have been reported (keyword: reported), what state it’s been in, and even if the car was leased or bought. The car fax also tells you when someone bough a car and where. So if the car you’re into has bounced from auction to auction, it’s probably no good.
Try to get a free preliminary test from AutoZone. AutoZone does free tests to see why your check engine light is one and also to see how well your starter and battery are. If you are able to take it to get checked out, do it, especially if you’re buying from an individual. The last thing you want is to spend all your money on a car that you can’t afford to fix.
Check for moisture. Look where the spare tire should be and see if the area is dry. You don’t want to send up with a car that’s been sitting down south under water for some time because you didn’t check this very simple thing. Checking under the car and under the hood are all standard things to be done when you’re interested in a car. Never let pushy salesman rush your decision, people on average spend about 1 – 2 months looking for their next vehicle.
What did you learn buying your first car?