Car Buying Info

When car shopping, arm yourself with knowledge of what you want to buy, what you can afford, and who has it at the right price.

It is very important to be an informed consumer when going to purchase a new or used vehicle. There are many ways to gain knowledge about a vehicle before making the final commitment to buy. Knowing a lot about the automobile you want to buy will benefit you because you will know whether or not you are getting your money's worth, not to mention a fair deal.

First, know your budget. It is important to know before even walking into a dealer, what you can afford. This will be beneficial because you don't want to get your heart set on something, and then realize that it doesn't fit your budget. The best thing to do is find a banking or loan institution of your choice and get pre-approved. This will enable you to have the power to make the choices you want, which you already know you can afford. At this time, decide whether or not you are going to trade in your existing vehicle or put any money toward a "new" purchase. If you are trading in your present vehicle, research the "Blue Book Value," or "True Market Value."

Second, find the vehicle you want that fits your budget, whether it be used or new. It may be a good idea to have several in mind. For example, if you are looking to buy a used mini van, do some research and decide what three or four best satisfy your needs. When doing this, it is important to decide what features are the most necessary and what extras you could live without. If you are carting loved ones around, especially little ones, the safety rating may be very important to you. Also, you may want built-in car seats. Decide what you want your "car" to have and make a list. Compare your list to what you find in your research. It may be a good idea to get a little writing notebook and jots some things down.

In your research, it is important to note down the following things. What is the price of the car you are looking at? Are the prices for the same vehicle, at two or three different dealers, the same or at least close in range? If not, make a note of the difference in prices and compare it to what each vehicle offers. It may be that some are fully "loaded" which means they include a multitude of options. Such options may be larger engine size, aluminum alloy wheels, A/C in the front and rear, CD player, rear defrost and rear wiper, double sliding, side door (mini vans), fog lights, daytime running lights, and other features. A good place to research this information is on the Interent at the Edmunds web site. At your fingertips, you will have a plethora of information on almost any vehicle you want. This website also gives you access to loan information and more importantly gives you a chart of ratings. This is a great venue for comparing makes of automobiles. Edmunds also offers their opinion on the vehicle and what vehicles are competitive with the particular one you are looking are interested in. For instance, if you are looking at the Ford Windstarâ-¢ and like that it has a high safety rating, this website will tell you that the Chevy Ventureâ-¢ is competitive with the Ford Windstarâ-¢, in regard to the safety issue. It will also inform you about MSRP, dealer holdback, deals, rebates, and buying incentives. Also, it gives you a market value on your trade in. So, you will know if the dealer is in the same ballpark. These are all good things to be aware of when buying a car. This website also has a chat room, where problems and answers are discussed. By reading these discussions, you can learn what problems others have encountered with that model car. Take notes!

Test drive, test drive test drive!! It is a good idea to take your time when buying a car. Unless you are in desperate need, give yourself the necessary time it takes to do adequate research, which includes test driving. A car may look great and you really like it, but it may not be as comfortable as you wish, or it may not drive as smooth as you would like. While test driving, turn the radio off and listen. Do you hear any clunking, or any other odd sounds? Take the time to test drive several different makes and compare them. Jot down notes, if you want, so you can refer to them latter.

Also, it is a good idea to ask around. Talk to neighbors, co-workers, relatives, and friends, to see where they bought their car. Find out if they got a good deal and were treated nice. This will help you narrow down and fine tune your shopping.

Ask questions. Even if you think the question has an obvious answer or even if you already know the answer, it is a good idea to ask questions. This will not only aid you in learning more information, but it will also give you a good idea of how knowledgeable the salesman is. Remember that the only dumb question is the one not asked.

Things To Do When Car Shopping:

* Research

* Shop Around

* Make Notes

* Get Pre Approved

* Know What You Can Afford

* Know Your Trade In Value

* Ask Questions

* Test Drive, Test Drive, Test Drive

After buying a car, take it to a mechanic and have them look at it. Even if you didn't get an extended warranty on the vehicle, it usually comes with a ninety day, or 3,000 mile warranty. Have the mechanic check the brakes and brake pads. It may even be a good idea to have them run a scanner on it that check for transmission and or possible electronic problems. These are two very costly things to have repaired, so it may be a good idea to have them checked during your warranty, and nip any potential future, costly problems in the bud. There is never any guarantee that the car you are buying, whether new or used will be "lemon." By being an aware consumer and taking time and precautions, you are lessening the chances that this vehicle will be a nuisance.

In today's high tech world, you can buy a car on the Internet. Internet shopping is very convenient, but it is still necessary to be an aware consumer. Know about what you are buying before you buy it. The newspaper is another great source for car buying. You can see what the car looks like, what options it includes, and the price. Be aware of the eye catching headlines that say, so much money back, or no money down, or 0% financing. This are all advertising techniques and jargon that are used to entice the buyer. Also on the market are magazines and price guide books that are a great resource. Visit your local library or book store to gain more knowledge before buying. Just remember to read the fine print and always read before signing anything. If a deal sounds or looks to good to be true.... remember it usually is! When you do finally find the car of your dreams... good luck and drive safely.

© High Speed Ventures 2011