The Best Way To Buy Your First Car

A car is just like any other purchase so if your car develops a problem you re not on your own whether you bought from a dealer or online you have rights.

The best way to buy your first car. Don t fall victim to high pressure sales tactics or make an impulse purchase. It usually costs more to finance a used car. Because cars depreciate lose their real value very quickly buying in cash is typically the best option. Subtract all costs from your income. Your monthly car loan payment should be less than the resulting figure.

Low maintenance dependable cars like the toyota camry and the honda civic make good first cars and are often worthy purchases even when used. And if you re looking to buy a beater that will just get you from point a to point b cash. To help you make the right choice we ve put together this first car buying guide. Keeping your budget top of mind is one of the most important tips for how to buy a car within your means. It must be of a satisfactory quality fit for purpose and as described.

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. Provided you change the oil and perform regular maintenance both can last as many as 300 000 miles. Buying your first car is a major moment. Also wait until the new year models are released. 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.

If you buy a new car from a dealer you have some rights under the consumer rights act. Dealers know that they can make a killing on used cars. 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. The best way to save money is to buy used. 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.

Buying a used car usually means a significant dealer markup. Don t get swept away by the excitement of getting your first car. 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. Your car will depreciate less if you buy used because the initial depreciation was so drastic. Buying from a private seller could be cheaper but using a reputable car dealer is a safer way to buy a car.