Car Purchasing

When looking for a new car, consider buying used.  Great deals can be found whether looking with a dealership or a private party.  Cars with low mileage are already broken in and have a much lower price tag than a brand new car.  End of year sales often have great deals as well.

Be cautious whether buying from a dealership or private party.  Take the car for a test drive.  Do not let the salesperson drive for you.  You need to know how the car handles and fits you.  Run a title history on the car, regardless of the history produced by the seller.  Even get it checked out by a mechanic not affiliated with the seller.

Also think about the impact your new car will have on your finances.  If you finance your car, you will need to carry full coverage insurance on your car.  The style of car can also greatly alter your insurance premium.  You will pay higher personal property taxes, depending on in which state you license the vehicle.  Sales taxes, inspections and licensing the vehicle should also be in your budget.

Shop around for loan rates.  Although the dealership may give you a great rate, that offer may be only introductory, and you may have to have a near perfect credit score to qualify.  Look into financing with several credit unions and banks.  Calculate the numbers.  Then make your final decision.

Large purchases of any kind can be stressful.  In order to minimize the stress, visit the websites below for useful information:

Kelley Blue Book
www.kbb.com

Auto Trader
www.autotrader.com

Car Payment Calculator
http://www.sharewareisland.com/carpaymentcalculator.aspx

Edmund’s
http://www.edmunds.com/