The previous post gave 10 easy steps to making the process of buying a used car a little easier. But buying a new vehicle can be just as challenging. Cars are an expensive purchase, so you want to make sure you are buying the right car for your needs, but also not overpaying. While the amount of vehicles available ensures that you should be able to find your perfect car, the number of automakers, models, and trims make this a daunting task.
Since it can be difficult to know where to even begin, here are 10 steps to get started and guarantee that you make the right purchase:
1. Calculate how much you can afford
2. Narrow down your shopping list, based on which automakers and models you like, and what you can afford
3. Research the vehicles online
4. Know what the right price is. Research the MSRPs, compare dealerships’ pricing, and look into incentives and rebates
5. Decide whether you will lease or buy the vehicle. If you are buying, look into different financing options. It is also a good idea to look into insurance costs and warranties
6. Test drive
7. Decide exactly which vehicle you want. Choose the make, model, trim, color, and options
8. Sell or trade your current vehicle, if you are planning to do so
9. Negotiate. The MSRP is the suggested retail price, so you should be able to talk the dealer down. If you are looking at more than one dealership, use that to your advantage to get the best deal
10. Close the deal and drive away with your new vehicle
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