Your car isn’t just something to get from point A to point B. It’s a large investment (second only to a home), so you need to love it. But how exactly do you know you’re picking the right one? Here’s a simple, logical approach to choosing a new car.
Understand What You Need
When you’re shopping for either a used or new car, it’s easy to be distracted by flashy add-ons and other features. But, in the end, it all comes down to what you actually require from a car, so write down your needs on a piece of paper. It will lead you to the right car.
Work out Your Budget
Only you know your budget and how much you can afford for a new car. And, it’s essential that you do the math before you start shopping. Use a car loan calculator to estimate your monthly payment using your down payment and the purchase price of the car you want. Aim for an affordable payment that fits into your monthly budget — this is just one aspect of building a solid financial plan.
Use a Car Finder Tool
When choosing your new car, don’t rush to make a decision before you’ve taken the time to research similar models. Browse a few top picks below on an automotive website, or even test drive some of them. It can be extremely easy to get caught up in the excitement, but researching the different models that are available in your price range will help ensure that you find one that not only looks fantastic but also really suits your needs.
Test Drive the Car
Comparing cars is a lot easier when you have a chance to test-drive each one back-to-back. Schedule a test drive by calling the car dealership. Choose three different models and arrange to drive them all on the same day, preferably during the week when the lot is quiet, and there’s not as much pressure.
