Buying Your First Car? What You Need To Know

Choosing to buy a car is a very important decision that requires both your time and efforts. If you are not willing to spend enough time researching the market, you may end up paying more than what you should. There are many financing options to help you afford your dream car, however, you have to think twice to pick a financing option that best suits your financial status and future plan.

Before rushing to a car dealership to get a new car, you need to consider several things. First, you need to determine how would you plan to use the car for. Is it for business use or travel use? Will you be driving your new car on the highway or crowded city roads? There are cars that are highly efficient when driving on a high speed highway, while others are very energy-efficient when driving on crowded roads. If you are highly thrifty, you should look into the fuel efficiency of the car you are considering.

Some other factors that you should put in mind when choosing a car are: the availability of service networks in the area, after sales servicing offered, the seating capacity you are looking for, and the safety features of the car. Depending on your purposes of using the car, you should choose a car with a capacity that is suitable for your daily activities. It is best to buy a car with a capacity that is enough for your family on a trip. You should not choose a too spacious car since it will consume more fuel and cost you more expenses in the long run. You can always rent a bigger car if you need more space occasionally.

If you are unsure which care is good, you should read some Car Reviews online to get more realistic details about the car you are considering. Whether you want a sedan, SUV or compact car, you need to find one that would suit your lifestyle and also affordable to you. You need to know in advance how much you will need each month just for car expenses such as gasoline, maintenance and insurance coverage. Choosing the right dealership is also very important, because not all dealers are created equal.For the same model, you could save a few hundred dollars if you buy at one dealership instead of another. Therefore, it really pays to compare and shop around.

Understanding Your Warranty Coverage

If you are buying a new car, the warranty may be a few sheets of paper that you don’t pay too much attention to, but understanding your warranty coverage is almost as important as buying the right vehicle. A car repair bill can easily be hundreds, even thousands of dollars, and knowing what your warranty covers can potentially save you a lot of money.

Firstly, the warranty issued by the car manufacturer is not the same as the one that your dealer might issue, which may only cover repairs carried out at that dealership and is almost certainly not as comprehensive as the manufacturer’s warranty. The warranty issued by your manufacturer generally covers more types of repairs or maintenance, lasts for anything up to 10 years and remains effective even if you put a lot of mileage on your vehicle.

Take a good look at the time frame on your vehicle warranty. Both parts and labor may only be covered for a few months on the warranty from your dealership, while you can expect a much longer period on the manufacturer’s warranty, typically at least five years. Keep in mind that parts and labor are two different things; your warranty may have a different coverage for each, and as a genera rule, parts are covered over a longer time period than labor.

Look for any exclusions in your warranty, or things that aren’t included, which can better help you plan for unexpected repairs. A warranty may cover repairs to the engine, but very few other parts of your vehicle, while a comprehensive warranty, often known as a bumper to bumper warranty, covers just about everything. Wear and tear or damage to your tires is typically not included in a vehicle warranty. Some warranties specifically cover just the parts of your engine, but not the rest of your car. And you may need to be organized – some warranties require you to keep accurate and up to date records of service vehicles, in order for the warranty to continue to be in effect.

Understanding your warranty coverage is important, and it is acceptable to ask your dealer or manufacturer for clarification if something isn’t clear. Make sure you know where your vehicle warranty is, and the number you need to call in case of a repair or problem. Having some sort of warranty is a must, given the high cost of car repairs, and understanding it is just as important.

Tips On Putting Your Vehicle Up For Sale

Selling your vehicle is easy if you can manage the marketing process proficiently. Whether you want to sell a car or an RV, promoting your vehicle is paramount to getting the best buyer. If you are unsure how to go about putting your vehicle up for sale, follow the below advice.

Clean and prep your vehicle

Check the oil, brake, windshield and tires of your vehicle. Most importantly, get the car washed and even waxed. These simple tweaks will help you in fetching a higher price for your vehicle.

Promote offline

Put a sticker of sale on your vehicle. If you are lucky, you may get a potential buyer in your locality. Putting your vehicle up for sale through ads in newspapers and local directories is another idea to get local customers.

Promote online

The detail or ad page of your vehicle is the first point of contact where you get an opportunity to interact with prospects online. When buyers land on your ad page, they should get all answers to their questions with respect to interiors as well as exteriors of your model, pricing and vehicle papers. Use multiple platforms to market your vehicle. This includes auction sites, classified sites, marketing forums as well as social media. Posting your ad on various platforms will help to get a buyer in a short time period.

Post high-resolution photos

It is rightly said that a picture speaks thousand words, and this holds true when selling your vehicle. Take high resolution photos of your vehicle from varying angles and post them appropriately. Make sure the photos highlight the plus points of your vehicle to entice buyers.

Bottom line

Selling your vehicle can be a herculean chore. However, you can get rid of this chore with effective marketing. Just follow the above points when putting your vehicle up for sale, and you will be able to find a potential buyer in a lot less time.

Buying A New Car Vs Buying Used Car

Once you have decided to buy a car, the first problem you will face is whether to buy a new car or a used car. There are advantages and disadvantages of buying a new car vs buying used car.


New Car Benefits

It gives you peace of mind when you know all parts and components of the car are in perfect condition. You do not have to worry about hidden problems that are difficult to detect. You will receive complete and comprehensive warranty that comes with many benefits from the manufacturer and the seller. For a few years after the purchase, a new car requires very low maintenance.

Disadvantages of Purchasing a New Car
As soon as you take out the car from the dealer’s store, its value decreases immediately. You will have to pay some types of taxes that are applicable only on the new cars. You can buy only a latest model car.

Benefits of a Used Car
First of all, you have to pay less to buy a used car. If you can get your hands on a used car in good condition, it will prove significantly cheaper compared to buying a new car. You do not have to pay taxes that are applicable only on the new cars. Even the insurance premiumis charged at a low rate on a used car.

If the car is not too old, it may still be under the initial manufacturer’s warranty. You are not limited to buying only the latest models of cars. There is a wide range of old model cars available for sale in the used car category.

Disadvantages of a Used Car
The biggest problem is that you cannot know whether there are hidden defects in a particular part or component of a used car. Even trained mechanics may miss some problem that will show up after buying. The used car has been on the road for some time so now it will involve regular repair and maintenance costs. Its warranty may have expired.

Weigh your options and buy the car that fits your requirements, preferences and budget.

How To Negotiate The Right Price When Buying A New Car

If you intend to purchase a new car, be sure to set the ground rules earlier and level the playing field because you’ll sure be an armature in this field. A salesperson wants to make good money while you want to get the car at a price your think is fair. The trade-off is what you are fighting for. Below are tips on how to negotiate the right price when buying a new car.

Use your strengths

Be sure to search and know the MSRP, vehicle purchase prices and competing bids from other dealerships. Having this information first hand will give you a level ground to counter a salesperson aim to use the MSRP and going up or utilizing the unsuspecting monthly payments. Avoid this option. When MSRP comes up, be sure to start with the lowest price and then proceed upwards no the other way round. Remember the MSRP has been well factored in by the manufacturer when selling to the dealer. Also, be wary of the confusion where the salesperson lumps everything as this hides the details. So instead, suggest one-item negotiation at a time.

Set the grounds for negotiations

If the dealer knows that you’ve thoroughly done your research, he or she will soften the negotiating tone. On this count let him or her know that you understand the manufacturer’s suggested retail price. Secondly, show that you’ve calculated what you intend to pay including the profit. In additio

n, show that you done a test drive and you understand the trim level, the options you want and what the car dealership invested in that specific car. When you are almost do

 

ne, it is prudent to inform them that you are willing to pay immediately they approve your offer.

Bottom-line

Salespersons are high convincing and they in fact understand your vulnerability and may want to take advantage of that. Know your stand and be willing to walk if the negotiations are not forthcoming. Learn to say yes immediately they accept your offer.