Making the decision to buy a new or used car can sometimes be difficult with so many different auto makes and models available, but the feeling you get from driving a car that's just perfect for you is exhilarating. Since vehicle ownership is one of the greatest expenses you'll have to account for, you should look as your vehicle as an investment. Depreciation costs associated with car ownership will affect the amount of money that you can return for investing in a car, but in the meantime you can enjoy the security that dependable transportation provides.
In recent years there have been significant changes in the auto industry that have merged, and in some cases, phased out familiar car brands and models. Although these changes have changed the landscape of car dealerships worldwide, consumers still have access to large selections of both new and used sportscars, sedans, coupes, convertibles, hybrid vehicles and SUV's.
Many dealers are willing to work with qualified buyers and might offer attractive incentives like 0% or low interest financing, rebates or free upgraded features.
Buying Car Tips
Buying a car can be stressful, but always keep in mind some very important tips.
- Most dealers are willing to negotiate prices, so ask if the price is solid.
- Don't buy a car that doesn't meet all of your needs.
- Check warranty information carefully.
- Be aware that used cars that are sold "as is" could require costly repairs.
- Consider fuel efficiency as a major factor influencing your car purchase. Gas prices have remained high for years now and always go higher. If you purchase a gas guzzler you'll be paying more for energy costs than most.
- Pay careful attention to the automobile financing you'll get. Financing at a high interest rate has the same affect that gas prices do on total cost of ownership. If you have to pay a lot in interest, the deal you're signing up for might not be worth it.
Avoiding common pitfalls in car buying can save you tens of thousands of dollars during the life of the automobile. Check out the car repossession auction FAQ for information on how purchasing a repossesed car from auctions can save you money.