Buying a new car is the most expensive second investment after owning a home. There has to be some pre-planned budget laid aside for the new car before buying. Below are some tips and plans for buying a new car. More exotic priced car is not necessarily the best for you.
New Car Checklist
Budget: This must be realistic. Do not set budget as per car prices and calculate other expenses covered per annum on the maintenance, fuel and insurance.
Car Manufacturer And Model: Select the car manufacturer and their model based on your budget and utility. Compare car models in terms of travel distance, engine capacity, space utilisation, fuel efficiency etc.
Car Finance: Check for the finance on specific car models. Some manufacturers may offer finance at cheaper rates.
List the Cars: Make a list of cars that fits your budget and utility.
Test drive the car: Take test drives of the cars in your list and check the car prices with various dealers across the state. Ask the people with their experience for particular car model.
Remember not to react impulsively:if you are getting fraught then go home and try again the next day.
Be prepared to haggle a bit with dealers: ask them what they will include for the price (audio equipment, mats, tank of fuel). You are about to spend a lot of money with them, so they are likely to want to come to a deal.
