Is the hustle and bustle of everyday driving starting to take its toll on your recent vehicle? You might have managed to keep your car in good shape, but years of constant driving can do damage to any car! Dealing with repetitive car repairs can be costly, not to mention tedious. In many cases, buying a new car is a more economically viable option.
Do your research.
Buying a car is not a decision to take lightly; for many Americans it is the second most expensive purchase after buying a house. Avoid making a bad decision by doing your homework. Doing both online and in-person research will help you know the true value of the car you are considering. To stay organized, make a list of different makes and models and do research on price, gas mileage and features.
Get pre-approved for an auto loan.
Whether it’s through a credit union, your bank, or your car dealer, get pre-approved for a loan before making any financial decisions. This will give you a better idea of what you can afford and help you avoid buyer’s remorse later.
Determine your budget.
When deciding on your budget, the number on the price tag shouldn’t be your only concern. Consider all your financial responsibilities such as rent, student loans, insurance coverage, etc. Taking a good look at your finances will help you find the perfect car that won’t break the household budget. A general rule of thumb is to allocate no more than 20% of your monthly household income towards the car.
Decide between new or used.
Nowadays there is a wider array of inexpensive cars. The decision to buy new or used should be based on your lifestyle and budget. Consider trading in your current vehicle and start setting aside money for a down payment; doing this will lower your monthly payments whether you decide to buy a new or used car.
Take a test-drive.
Test-driving a car is the best way to know if it’s the perfect car for you. Looks can be deceiving, especially when it comes to cars, so be sure to test drive different trim levels of the same car. You might find one fits you better than the other. Also, take a few minutes to check out the features and play around with the controls.
Buying a car doesn’t have to feel like rocket science. With these simple tips you can get your money’s worth and drive the car of your dreams!
Shop online at Toyota of Plano or come in today for a great deal on a new Toyota!
Call 888-255-3154, and speak to our friendly staff today! Learn about our latest Toyota Specials, set up an informative test drive, get details on any vehicle, request a brochure, schedule a service appointment, discuss your trade-in or even talk financing on your next car. We are here to help you.
Toyota of Plano is your local Toyota dealer located in Plano, TX. Your satisfaction is our goal!
Still deciding on which Toyota you’d like to be driving? Searching for OEM factory rebates? Are you comparing lease programs or internet specials? Maybe you simply want our best price on a new or used car? For all of this and more, look no further than Toyota of Plano. Our team is made up of professional associates that offer you a no-pressure environment and operate with the quality you’d expect. We look forward to helping you with your next new or used car purchase.