Before You Buy A Vehicle
1. CHECK YOUR QUALIFICATIONS:
2. DETERMINE YOUR NEEDS
Before you go out to search for the "perfect vehicle," take time to determine exactly what your NEEDS and WANTS are, and most importantly, be sure to distinguish between the two. Many consumers mistake one for the other and end up purchasing a vehicle that is totally wrong for them. Don't put yourself into a financial dilemma because you bought more vehicle than you truly need. The new car smell fades quickly but the monthly payments go on.
Just as there are a number of different models of vehicles available for you, there are a number of different ways to handle the financing of the vehicle. Familiarize yourself with the workings of both conventional financing and leasing. Learn how these options work and the advantages and disadvantages of each. Check your credit to make sure that your report is accurate. Obtain your Credit Report online with a direct link to Experian. My Credit Report
For the best auto loan rate, get pre-approved at Central Maine Federal Credit Union before you visit the dealership.
There are a number of factors which will determine the ideal dealership for a particular model, including location, service reputation, and price. A mistake here could mean a number of years of frustration and aggravation.
It is amazing the number of people who will purchase a vehicle without ever having driven it. This is where you begin to make the comparisons not only among the vehicles but also among the dealerships. Take the time necessary to properly evaluate both.
Becoming educated on the pricing structure of the vehicle, including all of the components that make up the dealer cost, is the most important factor in guaranteeing a good price. Get the most current information, including customer rebates and dealer incentives. Get a price quote.
The price of the car is only the beginning. Your total cost will be determined by what you pay for the car plus financing, warranties, insurance as well as repairs and maintenance. Investigate, compare and make certain to get the best deal you can on each!