You might wonder why you need tips for first-time car buyers. Well, if you are new in the car worlds, you must be familiar with all the things to consider when buying your first car and that’s why you need some of the most essential first-time car buyer tips.
So, are you ready to obtain the first-time car buyer advice in a very clear and detailed manner? If yes then let’s begin.
As the line goes “diamonds are a girl’s best friend” but a car is a man’s best friend. And true its words, a car is going to stick around you for years. It will get you through the worst of your days, and reach you to the happiest destination of your life. Your car is always going to be there for you, but choosing the right one that fits you is extremely important. You and your car need to click, therefore reviewing everything on hand is your best solution.
Remember the time when we looked at some fancy looking high-ended watch or some gadget and thought this is our best investment and soon after a few days it starts to wear you off and few pieces of its skeleton are left to mock at our misery. Well, buying a car that does not fit you can bring out those haunting memory.
So, before you break out your biggest investment, going through the hassles of homework is a must. Knowing about the car, which has been your dream since you first laid your eyes on it, will ensure if it’s worth buying and will throw a different light on your legit dream.
12 Most Essential Car Buying Tips for First-Time Car Buyers
But the major question is how to choose your car right. It is one of the most asked questions and more you read, the more confused you get. It is best known that buying a car is nothing like buying groceries or apparel of any kind, where you put in your preferred size, type and color and voila hundreds of options stare at you screaming to be yours.
Choosing your car needs you to stay at your calmest state, go through all the priorities before settling on to one. But another mega dilemma is what your priority is. Well to help you better, here are the few most essential tips for first-time car buyers.
If you want to be a smart car buyer then knowing each and every detail of your purchase is very important, so just follow this guide thoroughly and learn all the important things to know when buying your first car. Here we go:
Set a Realistic Budget
First things first, you know your budget and as much as we would love to tell you that budget is secondary, you can splurge your heart out at the showroom, we can’t. So, deciding on your budget is your first frontier and good advice for first-time car buyers. Knowing how much you can spend or rather are willing to spend will filter out the crazy expensive ones on your list.
We know the features are endless, this car has that feature and that car as another and sometimes the features get out of your vocabulary list. And with every new spitball of a feature, your budget adds a new number. But let’s be honest, we don’t always need all the features to travel, so knowing your feature is highly in your end.
Consider Alternative Car Financing Options
Not everyone can afford a car right out of their salary; they take out auto loans and which in turn are deducted from the salary. However, there are several other options other than car loans; here are the pro tips for first-time car buyers. We advise you to take a closer look at the other options; you may not know which will come in handy and helpful.
For example, cash payment, if you have access to liquid cash then why not use it. Cash payment is easy and does not come with the aftermath of the auto loans. However if you cannot afford the entire amount on your own, ask a small loan from a family or friends, by signing a simple paper of returning the amount with time.
A few other options, cash-out refinance, credit card, life insurance policy, etc, could be your go-to bank, without actually going through the big lines of a car loan. These are really essential as first-time car buying tips and they help out to chalk out your finance better.
Cash-out refinance offers a lower interest rate than a home equity loan. It will replace your new mortgage where it is typically higher than the previous one. You can use the money from a cash-out to payoff big payments from other credit cards which will actually save you a bigger amount from your interest.
Credit cards are your other great option while buying a car. But here credit line needs to be strong and must have a good rate, hence acquiring the right credit card matters. Credit lines are high and not the best option while buying car, we know, but having a platinum card with the strong credit lines is going to save you many bucks.
Do Thorough Research
Once again, do your homework. Get your hands on a few good car-related magazines, join the newsletters of a good website, and go through the reviews online and offline both. The bottom line, get as much as information you can gather about the car you want to get.
There are expert reviews on all the cars, type in your car’s model and go through all the reviews on your preferred choice. There are several thoughts and processes while going through the review of the car. You can always break it down to the nicest features and read about it. If you like it, consider it in your wish-list, and if something doesn’t fancy you then toss it.
We wish cars were readily customizable and avoid take it down to a garage to add some extra features. But no, first you need to but the vehicle which almost matches your requirement and then think about adding the features. Therefore, knowing your cars right does matter and this is one of the crucial first-time car buyer tips.
Compare Your Car Choices
Have you ever come across some websites, where you proceed to buy something and immediately there are several dialog boxes that appear notifying you about the high and low price options? Well, these are to maintain the comparison for the product. The lowest selling dealers and highest-selling dealers all are brought down in one page for comparison.
So here’s another smart tip for the first time car buyers, compare your car choices first before buying them. You may get a great deal while buying; also knowing the right time for purchase is crucial. No, we are not talking about, astronomical auspicious time for car buying, we are talking about the end of the month or nearing the end of some festive sale.
Most of the car dealers work from month to month and they have a target to fill out. And in most of the cases, they lower the prices of some cars to meet their target in time. So, knowing the right time for purchase will bring out the best benefits for you. There are several important tips for first-time new car buyers, but this is one of the most essential tips for first-time car buyers.
Consider Resale Value
Are you one of the urban mass commute sellers? Well then join the herd, there is nothing wrong with buying and selling something which does not serve you like the first time it did. And your car is one of them. Although we take special care of our cars, but at the end of the time, it will slow down, paints will chip off, lose its glory and once and for all it will be out of service.
But before going through the full length with it, how about reselling it? Here’s another car buying tips for first-time buyers. If have of thought of the resale value of your car, then choose your car wisely. In the typical marketing language, a car wears out 30% of its value within the first year. So if you are trying to sell your car after 5 years in a high budget, you are going to scare off the buyers. But if you really want to maintain a good deal between the two, choose your cars right while buying.
Prepare for Extra Expenditure
Even when there is a car sale they don’t show off their price tags. Well, there’s a reason for that, cars do not come at the exact prices as stated. There are several additions in the price section, which stay hidden until you start with the process of purchase.
This is a piece of important news too for first-time car buyers, as a first-time buyer you may not be well versed with the hidden costs. So doing a very thorough research is extremely advised to avoid a sudden blow-up of extra prices in your face. The extra cost can be due to insurance, registration fee, delivery fee, advanced EMIs, tax and service charges.
Buy from a Reliable and Honest Dealer
Locating a good and honest dealer is a hard task, and should be added to your list of what to know when buying your first car. An honest car dealer is a myth; however, you do get a reliable one to compensate. The dealer in a showroom is everything but far from being honest.
Let’s be serious here, their sole job is to sell cars by any means possible. So, getting a good dealer is as important as getting a good car. You do not want to be trapped in the circle of a good dealer’s inherent misgivings. So our best advice for first-time car buyers is to go through a comparison on the dealers, showroom, environment, and the customer’s review.
Take a Test Drive
Don’t just buy a car; get the feel of it before settling. Run for a test drive, and if the showrooms do not allow that, reject the showroom and go for the ones which actually allow test drive. It is important to understand the feel of the car you are about to purchase. This is very crucial advice for first-time car buyers.
There are several deviances into play, clutch, gear, steering, control, outward visibility, seat heights, break paddle adjustments and many more are extremely important for a first-time car buyer to keep in mind.
Read the Contract Carefully
There are several things to know when buying your first car and one of them is going through the contract thoroughly. When you are reading the contract that means you are about to close the deal, but before doing so read the contract carefully and then sign in. Learn about all the finance and warranty agreements, before finalizing your car buying deal.
Get the Car Inspected by a Mechanic
Another first-time car buyer advice is taking along a trustworthy mechanic to get your car inspected before finalizing. However new cars don’t always need a checkup, they are new and even their parts are new and ready to use. But a mechanics opinion is ten times more important than deciding to buy a car on your own.
Negotiate the Price (If Possible)
Negotiating the price is not very likely in the car selling market that too brands new first-hand cars. But the store manager and the dealers can make something out for your favor. You have to very patient about the purchase the more you take time the more anxious they are going to get and eventually they will break out another deal to make the car yours.
This is another must-know tips for first-time car buyers. For this to work take a friend along with you for backup and also help you strike the deal.
Make a Decision According to Your Transportation Needs
There is a huge difference between the want and the need. However, car buying is more of a need than a want. Owning a car is essential in life no matter if you live alone or have a big full-blown family. Having a car of your own is a sense of security.
It’s okay if you don’t want to take your car to work every day, or you find public transport more convenient, you can still own a car and brand it as your own. There are several car choices according to your transportation choices.
If you are a daily commuter, you will want a car with extreme control and efficiency. But if you travel occasionally but long, then you would want a car with mega comfort. Whatever your needs are, making the right choices according to your transportation needs is compelling.
Final Thoughts on First-Time Car Buyer Tips
We know the hard job behind choosing the right car for yourself or your family. Bad car choices are pretty much similar to your worst mistakes, and you do not want to be criticized for it for the rest of your life. Now, go through all the points carefully, make some footnotes, discuss it with someone with knowledge about cars and get done with your purchase already.
After checking out the above-explained list of most essential tips for first-time car buyers, now you know about all the significant things to know when buying your first car. So once you finish all the thorough research about your dream car, just follow your instinct and buy whichever car you wish. If you still need any specific first-time car buyer advice, let us know and we will help you out.
You may also be interested in checking out:
- How Long Can a Car Go without an Oil Change? 100% Facts
- How to Keep Your Car from Smelling Like Smoke
- How to Clean Headlights with Toothpaste and Baking Soda