5 Questions To Ask Yourself Before Buying A Car
Buying a car is a really big decision and can be really stressful. It’s typically a decision you never want to rush into. It’s worth taking some time to work through a few questions before investing in a big purchase like a car.
We know buying a car is not something you do frequently, so we want to help ensure customers feel comfortable and confident in their new investment. In order to help, we’ve compiled a list of the top five questions to ask yourself before buying a car.
- Should I buy new or used?
This is probably the top question you should ask because it could be the difference of a few thousand dollars in your final total. Did you know there’s a $15,000 average price difference between a new and used car. If you are on a tight budget, used is the way to go because it will likely still have a full warranty and probably everything you need minus the new car scent. If you have no budget and are planning for your dream car, then buying new is probably for you.
- How are you going to use it?
If you have a large family, then you’ll want several seats, extra space, and maybe even built in dvd players. If you need to tow a trailer every week then you’re going to need to find a vehicle with a tow rating and payload best for whatever you plan to haul.
These little factors are going to determine a lot with what vehicles you should even consider. Ask yourself what life changes are you or your family likely to see soon? We won’t tell you to avoid the two-seat sports cars, but you might meet someone in a year and have a child in 4 years, lots can happen in 10 plus years. (a common lifespan of a car) Also something to keep in mind with children is how big they will be near the end of the lifespan of your car, this is often forgotten and later regretted.
- What are the operating costs?
Many people love big SUVs or sports cars, which might be within your car buying budget, but when you discover you need to gas your car every other day, your budget might implode. If you already budget a certain amount of gas each month, then buying a car that will use a similar amount is your best option. Another option is always spending more on an economical car, because long term it will likely increase your budget.
- What do you like or dislike about your current car?
This is a great question to ask yourself, especially since you’ve probably had your current car for a while. What made you buy the car in the first place? Do you like or dislike how it handles, safety features, gas mileage, repair costs, etc.? You know what you like and don’t like about your car, so make a list. When you decide to start the buying process bring the list with you, so we can help too!
5. Do you really need to buy a new car?
People often get caught up in the idea of new, shiny things, especially cars. Look at your expenses. Are you paying more per year for car upkeep than car payments? Is your car hurting your budget? Maybe your family has outgrown the car or are you just planning ahead?
Asking yourself these questions and making sure a car payment truly fits into your budget is really important. You want to be ready and prepared for a big purchase.