By: Klon Perez Updated 00 Apr 2022, 9: 00 am EDT
Having a car in the United States is a necessity that is not considered a luxury. A car gives you a lot of freedom of movement and will also make your daily chores easier.
But since it is not a purchase that you should make lightly, in this note we are going to give you seven tips so that at the time make a decision, keep them in mind.
You should also keep in mind that if you acquire the car through a loan or financing, the responsibility is greater. You should also keep an eye on insurance, registration and car maintenance.
Analyze how much you can pay for a new car
It is possible that you have in mind to buy a specific car, but the fact is that you must find a balance between what you want and what you can really afford.
A measure that you can have is that you could not commit more than 20 % of your monthly income on a new car. This figure must include not only the possible payment or monthly fee but also the costs of the vehicle such as fuel and insurance.
Seek financing before visiting the dealer
Dealers not only want to sell you a car, they will also make money by managing your financing. There are usually commissions involved regardless of whether the loan is from the manufacturer or a local lender.
Before visiting a dealership, you can check the average interest rates for this type of negotiation in different banks and credit unions so you can get a good offer.
Wait for the best time to buy a car in the USA
It is essential to know what is the best time of year to buy a car. Dealerships often have big sales events in the spring, fall, and year-end. At that time many leased cars are returned.
Are auto parts for that model available?
The problems of the supply chains in the world have greatly affected the different mechanical workshops in the United States in recent months.
Sometimes get elements as simple as filters of oil or carpets have forced workshops to accumulate inventory, find practical solutions or ask customers for patience until the parts arrive.
This is an aspect that you should investigate about the car you want to buy.
If the option according to your pocket is that of a used car, you must take into account that in recent months its price has increased. Due to the shortage of chips, the production of vehicles has seen a decrease which has caused waiting lists to be long. This has caused used cars to rise in price due to the effect of supply and demand. If part of the money you plan to invest in your new car comes from the possible sale of the one you have now, you should take into account the advice we have given in this note to use it in your favor . A good market study will give you a real price and the right time to cash in on your old car. At the time of making the final decision and being a new car, you have to be clear about what additional items you are going to require for your car. Sometimes it happens that expensive elements are added that the driver ends up not using, making it an unnecessary expense. –What is known about the Ford Mustang 2024 -What are the different types of tires that a car can have –Meet the Nissan LEAF: why it is one of the best electric cars –Meet the Hyundai IONIQ 5, the “best car in the world” in 2022 –The BMW X7 M60i now has a more aggressive design
If you want a used car, analyze how much it has gone up
If you are going to sell your old one
Knowing how to do without the extras
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