Buying a car should be straightforward with internet car shopping, competitive pricing, and the ability to browse cars at your fingertips. However, that isn’t always the case.
Today, we will provide you with a simple five-step process that will teach you how to buy a car, so you end up:
– The right vehicle for your needs
– A car that fits your budget
1. Start With a Budget
When purchasing a new or used vehicle, beginning with the type you want is reasonable, but everything should stem from the budget.
2. Settle the New vs. Used Car Debate
The Case for a Used Car:
– From a fiscally responsible position, never buy a new car.
– Brand new cars depreciate 20% in just the first year
4. Select the Right Car
Once you take care of the first two, the steps to buy a car are relatively simple.
1. Figure out what you can afford.
2. Decided whether you will go with a new or used option