What to Consider When Buying a Car

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Most people would say is the price, of course, a major factor. Since you will probably be paying for a car in monthly increments via a car financing deal, you are probably considering how much it would cost you per month for a considerable length of time. Of course, there are sacrifices that need to be made in order for you to have that car you’ve been eying for months – but if the car is worth it and would keep you mobile for many years, then why not?

Another major consideration for most of us is the brand of the car. A practical Civic or Ford Focus would be ideal for jaunts within city limits or quiet country roads. If you will be using a car every day, then practicality would be your best option. If, on the other hand, you are looking for a top-of-the-line sports car that you will only use once in a while, then your choices would be different. The point is to be prepared to pay a substantially greater amount for it.

Vehicle make and model: assess what’s right for your needs and preferences.

The type of vehicle is also another consideration. There are coupes, convertibles, hatchbacks, sedans, station wagons, mini vans, vans, SUVs, and even trucks. Which type of vehicle is right for your needs? If you have four kids, a minivan or SUV might be your best choice. If you plan to take your vehicle on rougher terrain than usual, you can opt for a pickup truck. If you’re a city dweller and will only take your vehicle along small city streets, then a hatchback or coupe is the ideal vehicle for you.

In line with this comes another question: whether to buy a new car or a used car. Granted, a new car is more pleasant to look at, and besides, it has that new car smell. On a more serious note, however, a new car comes with a warranty that allows you not to pay for repairs for a number of years. Although a new car may be more expensive than a used one, your maintenance fees are minimal for a while. However, there’s one thing to keep in mind: you can also get warranty for a used vehicle.

When it comes to car financing options, you will be delighted at the broad array on offer today. Many car lenders are eager to do business with various buyers. Interest rates can go as low as 7.9%, and payment options can range from 18 months to five years. Are you concerned about having a bad credit rating from the past? You need not worry, as some lenders do not consider this a problem – if you can pay now, then your past history doesn’t matter.


Tom Veasy is a freelance writer with an interest in consumer and financial affairs. He writes for several financial blogs about car finance and companies like Car Loan 4U.


1 Comments For This Post

  1. Labee Says:

    hey, nice guide. I would also recommend my readers to emphasize of these points before buying their vehicle.

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