July 9, 2020 Important Steps to Take Before Buying Your Next Car

To make sure you get the car that is right for you make sure to do your research first.

Buying a car can be exciting but it takes more than a simple trip to your nearest car lot to make sure that you are getting your money’s worth. With so many makes and models available on the market, it can take some time and consideration to find the right car for you.

Like with any large investment or purchase, it’s up to the buyer to perform their due diligence. Taking the time to do your research before putting your money into buying a car can save you a lot of headaches down the road.

From getting a car insurance quote from Allstate to requesting the accident history on any used vehicle, let’s take a look at some of the important steps to take before you buy a new car.

Research

Knowledge is power in most situations. Buying a new car is a big investment that you want to make with all the information solidly in front of you. Seeing a car that you like the look of isn’t enough of a reason to sign on the dotted line. It’s up to you to do the research about a car before you buy it.

Luckily, most of your research can be done online to save you time. So, open your browser and start gathering some of this information about your favorite makes and models.

• Warranties and guarantees
• Safety ratings and safety features
• Approximate resale value
• Standard and optional features
• Average national pricing

Financing

Before you start your search for your new car you should have a solid budget in mind. The best way to set your spending limit is to find out how much financing you pre-qualify for. This will give you a set parameter to work within and save you time. Talk to your dealer about in-house financing and compare rates and bonuses. It’s also a good idea to set aside an amount that will cover your taxes, licensing, and down payment, before you start shopping.

Insurance

It is the law in all states that drivers must have a minimum level of insurance on a vehicle before hitting the road. You can check your state insurance requirements online. If you know what make and model of the car you are interested in, now is the time to start getting insurance quotes. If you are leasing your vehicle, keep in mind that your lender may insist on a higher level of coverage that includes collision.

Test Drive

It’s important to fall in love with the look of your new car but, it’s equally important to love how your car drives. Before you buy any vehicle you should take it out for a test drive. Make sure that your test includes a drive on the highway as well as in the city. You may be surprised at how a car feels and handles as opposed to how it looks. Check for things like steering and handling, accessibility to features, comfort, and visibility.

Request a Carfax

If you are buying a used vehicle it’s important to know the history behind the car. Always request a Carfax report from your seller. This will tell you if your car has been involved in any accidents or had any insurance claims against it. This information can help you avoid buying a lemon or a car that has been structurally damaged in the past.

You will be relying on your new car to get you from Point A to Point B in safety and style. To make sure that you get the car that is the right fit for you, take some time to include these important steps in your search.

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