Purchasing a new vehicle can be a fun process, full of exciting features and expensive price tags. It's easy to get swept away by that new car smell and new technology, but having a plan will help you make the decision that is ultimately right for you. That's why we've made a list of dos and don'ts that you can use as a reference when looking for that next dream car.
To find the ideal vehicle for you, begin by determining the type of vehicle that best fits your unique lifestyle. That could be a sedan, a midsize SUV, a hybrid, a truck, etc. Different body styles normally have different features, so make sure you consider what a normal day looks like for you when driving and also think about any bigger trips you may want to take in the future with your car.
Once you've found the kind of car you want, make a list of what's most important to you in regard to amenities, interior space, fuel efficiency and more. Research various makes and models that give you all the amenities and features that you want out of your next vehicle.
Creating a budget can be the most difficult part of the process. You may have found the vehicle that fits you perfectly, but finding one that you can afford can be hard.
When purchasing a new vehicle, it's best to put about 20 percent down, limit the term to no more than 60 months and keep your monthly payment below 10 percent of your income. Plus, you'll want to make sure you consider the cost of maintenance. Some cars tend to cost more than others.
Negative equity can be a huge burden. The balance of your old loan may be consolidated into the new car's loan amount, meaning you could be paying the debt of two cars in one big loan. Get ahead by knowing what your trade may be worth before you get to the dealership.
Set aside a good amount of time on your test-drive so you can make sure you actually like the car instead of just enjoying the feeling of driving a new car. Ask any questions you might have, play with the various features and look around the vehicle. Make sure the car has all of the features that you were looking for, including cargo space, technological features, room for passengers and more.
For all of your car needs, visit Honda Morristown at 4190 W Andrew Johnson Hwy in Morristown, TN, serving the greater Knoxville area.