The Best Way To Buy Your First Car

To help you make the right choice we ve put together this first car buying guide.

The best way to buy your first car. Dealers know that they can make a killing on used cars. The best way to save money is to buy used. Your car will depreciate less if you buy used because the initial depreciation was so drastic. Because cars depreciate lose their real value very quickly buying in cash is typically the best option. The internet offers a wealth of sellers beyond your local area who may ship cars to your area which may come with a fee which can mean more choices in your price range.

Don t get swept away by the excitement of getting your first car. The best time to buy a car is at the end of the year or end of the quarter when the sales staff is trying to meet their quota. And if you re looking to buy a beater that will just get you from point a to point b cash. Subtract all costs from your income. Also wait until the new year models are released.

Whether you ve saved up for it taken out a loan to finance it or the bank of mum and dad are stepping in it s something you ll never forget. So you should be good n practical in your car buying choices at least for your first car. Buying a used car usually means a significant dealer markup. Shopping for your first car is a lot easier for you than it was for your parents. A new car loses almost half its value in the first five years so go for one that s a few years old yet still has contemporary safety features and many.

It usually costs more to finance a used car. Low maintenance dependable cars like the toyota camry and the honda civic make good first cars and are often worthy purchases even when used. Buying a car on new years eve could get you a 8 discount alone. If you buy a new car from a dealer you have some rights under the consumer rights act. Don t fall victim to high pressure sales tactics or make an impulse purchase.

The next thing you ll need to do especially if buying a used car is decide whether to go with a dealer or a private seller. Your monthly car loan payment should be less than the resulting figure. Buying your first car is a major moment. Keeping your budget top of mind is one of the most important tips for how to buy a car within your means. The key difference between dealer and private is the protection you get from the law when buying from a dealer.