Monday, June 13, 2011

Simple Steps to buying a New Car

Buying a car is no ordeal only if you are properly informed. Before deciding which make and model you want to go for, it is important to decide whether you wish to buy a brand new car or a used car. Both have its own advantage and disadvantage and you need to understand your requirement before you jump off to any decision. 

Buying a car is definitely a large purchase and calls for adequate research to find a great deal. If you are planning to buy a car soon and if you feel researching is a daunting task, then here is a step-by-step guide that will help you to find the best deal! 

Finding the Right Car

The first thing you need to decide is what car you want; a smaller car or a bigger car? A truck or a SUV? List down your priorities and your lifestyle to help you decide the right car. You may either use different car websites that offer detailed information about different car makes and models or you can seek information from your friend and peers who have recently made a purchase. 

Decide your Budget

Decide how much you want to spend on the car. If you are opting for car finance, then calculate how much you can spend on monthly installments to repay your car loan. Next, you have to research for price of the car you plan to buy. In case you're wondering how to get the invoice price, it's quite simple. Virtually all car buying sites on the internet show invoice. 

How to Finance

Determine first how you are going to finance your car before approaching a dealer. There are many finance companies and banks that you can approach for financing your car. 

Bargaining Price

Last but the most important step is negotiating a price. How much you can negotiate with the dealer will decide how much benefits you make from the deal. Many people tend to overlook this part, but this is the most crucial stage that actually determines how much you get benefitted from the deal.

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