First Time New Car Buyers – Tips to Get the Best Deal

Posted: Dec 10, 2010 |Comments: 0 |

For a first buy, choose a car within your means. A good indicator of whether that car is within your means or not is the percentage you can pay as down payment. If you can pay 20 percent of the car down, then you avoid getting upside down on the car value. Upside down means that the debt you owe on the car is more than the car is worth. Take a look at some of these tips you should take into consideration before starting your research:

  • As a first time buyer, you should also be on the lookout for competitive new car price quotes. Many web sites can help you in your research, and may save you thousands.
  • If you can't pay off the car within 48 months, then that car is probably out of your reach.
  • If you just finished college then there is a chance you are saddled with loans as well. You don't want to owe money on a car and loans for the next 6 years.
  • Safety and dependability matter more for a first car when every penny needs to be scraped together. If you're looking at used cars, be wary of scams. A vehicle history report on any used car you consider is an absolute necessity, even if it does cost you around $30. You should also probably have a mechanic check the car on a lift.
  • No such thing like a "buyer's remorse" grace period exists in reality. If you buy it, and then decide you don't want it, you can't return it.
  • Request for new car price quotes, this way you´ll have real pricing information and you´ll know exactly where you stand when you begin negotiations. At CompetingCarPrices.com you will find exactly what you are looking for, from new car buying advice to expert new car price quotes.

Finally, other common barriers to buying a first car include: -Credit history, or the lack thereof -Car salesman scenting fresh blood -High insurance rates for younger people, particularly teens because they're so accident prone -Insurance for males under 25 is also very costly -Maintenance upkeep and overhead costs such as insurance, oil changes, new tires, brakes etc. will now snap at your savings.

You can't avoid all of those things. However, waiting six months to a year to establish some credit can save you money in the long run if you can get a lower interest rate when taking out a loan. Remember that lenders will not approve any loan on a car that is over 5 years old.

Common sense should dictate that when buying a first car, even if it isn't your dream car, at least buy one that you like.

Ask plenty of questions before buying your first car. Ask people more experienced than yourself such as friends, family, teachers or coworkers. Learn the process. You will likely have to buy another car at some future date, so take the opportunity to learn.

Questions and Answers

Ask
200 Characters left
Rate this Article
  • 1
  • 2
  • 3
  • 4
  • 5
  • 0 vote(s)
    Feedback
    Print
    Re-Publish
    Source:  http://www.articlesbase.com/automotive-articles/first-time-new-car-buyers-tips-to-get-the-best-deal-3824169.html

    Article Tags:

    car prices

    ,

    used car prices

    ,

    new car prices

    ,

    compare new car prices

    ,

    compare car prices

    ,

    new car invoice prices

    Learn Auto Invoice Prices & Find the Best Car Prices Below Dealers Invoice - All in Minutes at CompetingCarPrices.com

    By: Anne Harbourl Automotive> Carsl Sep 08, 2010

    Buying a new can seem overwhelming at first. However, by turning yourself into an educated buyer you can become a salesman's dream customer and worst nightmare all at once.

    By: Anne Harbourl Automotive> Trucksl Sep 30, 2010

    Buying a new car is a critical decision that has to go through many things just to determine the best car for you and your family from different aspects. How quotes car is a very important step that the budget plays an important role in determining the car going to get. Of course, car specifications, model, options and appearance are also important, but when it comes to money, money is the only one who speaks.

    By: Yvonne Corillal Automotive> Carsl Oct 10, 2009
    Jillian Sweet

    The first step toward getting auto loans in Louisville or auto loans in Cincinatti is to know your credit score – sometimes called a FICO score – as well as knowing what is listed on your credit report. You can obtain this information by requesting a free credit report (you are allowed one from each bureau per year) or by paying for a copy of each from all three credit reporting agencies.

    By: Jillian Sweetl Finance> Loansl Jan 31, 2011

    Unearth Discount New Car Prices on All New Vehicles - Get Extraordinary Discount Offers by Requesting a Free Quote from CompetingCarPrices.com!

    By: Anne Harbourl Automotive> SUVsl Oct 01, 2010

    Discover Real New Car Dealer Prices - Guarantee You Obtain a Real Deal with New Car Price Discounts! Researching a new car can be a bewildering and overwhelming process. With so many sites reporting different new car invoice prices, it is difficult to know what is the true new car dealer price. Request a free of charge, zero obligation, dealer price quote on any new car and discover the best attainable deals, at the lowest new car prices in your area. Not to mention, uncover the und...

    By: Anne Harbourl Automotivel Sep 23, 2010
    March Summers

    International vehicle transports service providers offer facilities for shipping you vehicle across to the new country. These vehicle transport companies have the legal authority, the right infrastructure and a wide network to carry out their operations.

    By: March Summersl Automotivel May 28, 2012

    Through pre owned car sales, consumers enjoy more benefits and options than they would purchasing a new vehicle.

    By: HertaFink26l Automotivel May 26, 2012

    Car is an asset while selecting the best asset is always wise. And so for the folks who wants the very first its time to get the GMC.

    By: Sia Susanl Automotivel May 26, 2012

    The usefulness of remote starters will be getting extremely discovered among users. It can offer high class operational elements.

    By: Sia Susanl Automotivel May 25, 2012

    Thinking about cars brings to mind parts like the engine, brakes and radiators as these are indispensible for proper functioning of the vehicle. But there is another important part which deserves mention and that is the windshield. Irrespective of whether it is bought online or from local auto glass shops, a windshield is manufactured from a special glass which is different from the normal sheets.

    By: dylanrossl Automotivel May 25, 2012

    CompetingCarPrices.com operates under a single core value. When multiple dealerships compete for your business, you save.

    By: Anne Harbourl Automotivel Feb 03, 2011

    This idea is a tried and true belief to CompetingCarPrices.com. A new car or truck buyer who knows how to get dealerships to fight for their business has potential to save thousands of dollars off of their car purchase.

    By: Anne Harbourl Automotivel Jan 25, 2011

    Having a car is one of the biggest material investments of your life. Depending on how you handle it, it's also one of those assets that can either bring you a great deal of joy and satisfaction, or nuisance.

    By: Anne Harbourl Automotivel Dec 16, 2010

    Unearth Discount New Car Prices on All New Vehicles - Get Extraordinary Discount Offers by Requesting a Free Quote from CompetingCarPrices.com!

    By: Anne Harbourl Automotive> SUVsl Oct 01, 2010

    Discuss this Article

    Author Box
    Articles Categories
    All Categories
    Quantcast