New-Car-Buying-Tips
New-Car-Buying-Tips
I Believe we can narrow down the New-Car-Buying-Tips to a basic 3 here they are:
1. The Depreciation Factor: Is one of the Most Important, New- Car-Buying-Tips, it might come as a painful surprise, but the fact is, once you drive that wonderful smelling new leather interior car off that dealership lot, your purchase has depreciated by hundreds if not thousands of dollars… Here is an example…
Purchase Price of Car ($) 25,000.00
Current Vehicle Age (Years) brand new
Based on owning vehicle for 1 year
Low Rate of Depreciation:
First Year ($) 4,500.00
Average Rate of Depreciation:
First Year ($) 5.750.00
High Rate of Depreciation:
First Year ($) 7,000.00
Do you need smelling salts yet? pretty crazy huh?
2. New-Car-Buying-Tips, Reliability: This for me, is probably one of the most important issue, being a woman, I absolutely want reliability in my vehicle! Gone are the days when if your transportation broke down you shot it! (Western Humor, no Peta calls please!)
You can pretty much be sure that your new car is less likely to run into major mechanical problems, and that your ride, will be almost maintenance free? however, there are those cars which do have problems, you can checkout Auto Beef.com for the most up to date list of the top 20 most problem cars. You also want to be informed about the Lemon Law.
Check out Lemon Law America to see your states specific codes regarding this.
3. Finally we get to the number three spot of New-Car-Buying-Tips (sounds like a music countdown huh?) is it really worth it? one really needs to take into account, Cost, Depreciation, Interest Rate, Insurance, etc. to do this type of calculation (see auto loan calculator) Evaluate carefully, DO NOT MAKE A RASH DECISION! I cannot tell you how many people I have spoken to after purchasing a car, about buyers remorse! and you must remember! Every state is different re; cooling off periods, for example, California does not have one!
So before you sign that contract, (and it will feel like blood is being drawn!) (see most contract car buying scams) make sure you have weighed all the options! (New Car Buyers Checklist).
IMPORTANT TIP: Before you buy any car…talk about it with your friends and those whose judgment you trust! Be specific about Model Brands and all the extras, Price, of course. Rely on that information when you are alone making the final decision. Price is the most common source of buyers remorse and sure as shootin some friend will say “Oh, why didn’t you tell me? I could have gotten you a better deal” Get that better deal before you buy the car on your own.
About the Author
I have worked in many industries during my career. I have also worked overseas in New Zealand. My experience is Eclectic and varied to say the least. From your Basic Office Manger, to owning an Indoor Sports Center in New Zealand. I am Curently building my website
www.Help-Me-Find-A-Ride.com and www.Help-Me-Find-A-Car.com
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