Buying a New Car: Step by Step
Buying a New Car: Step by Step
No matter what model new car you want to buy, buying a new car doesn't have to involve game playing and lots of gut checks. A new car is one of the largest purchases that we make. With the average cost of a new car well over twenty thousand dollars, it is more important than ever to do your research, find out new car prices, trade in values and get financing direct before you ever step on to a dealers lot.
Buying a New Car: Research
When buying a new car, research and compare cars on AskPatty.com for new car prices. If the price you're getting isn't close or lower, you're not getting a good deal.
Research the value of your trade-in and whatever amount you may still owe on it. This is one of the most important factors involved with buying a new car. Equity that you have in your trade-in should add to your purchasing power. It's easy for car dealers to confuse you when it comes to how your trade-in equity affects the buying process. Use online auto loan calculators to help you plan your budget before you shop around. Talk to dealers directly over the telephone when buying a new car to make sure you're getting truly accurate competitive pricing information.
Buying a New Car: Financing
An absolute necessity when buying a new car is to secure financing by
getting a new car loan. Many consumers don't realize that they do not
have to get their car loan from the dealership. Securing car loan
financing from an independent source is a great way to save when buying
a new car.
Direct financing, meaning car financing secured by you without the help of a dealer, is a great bargaining chip. What it usually means is that you can save up to $1,500 on average of the cost of your new car loan. That's savings that goes directly into your pocket. The key is to get your car financing prearranged before you ever step onto the dealer's lot. Walking on the lot with a guaranteed loan gives you more options and can help you avoid common surprise costs that seem to get added when dealing with car dealerships.
Buying a New Car: Financing Options
It's a great idea to apply for new car financing before you go car
shopping. At myAutoloan.com you get multiple loan offers direct from
lenders, offering the lowest APR and costs that you can get. Financing
direct provides many more, often better, financing options than from a
dealership. Know your budget and loan terms ahead of time.
Online lenders offer competitive financing rates, flexible options and fast approvals. Again, AskPatty.com power by MyAutoLoan provides you with multiple offers, for good, bad or no credit, accepting all applicants with their select group of direct lenders. Be ready when buying a new car with pre-approved lender.
Buying a new car online opens up a world of possibilities. Finding a new car online is like using a sophisticated version of auto classifieds. The major advantage of buying a new car online is your ability to search, sort, and check the marketplace without leaving home. While convenient, you may find online car options slim and located a long way from home. New cars also aren't necessarily any cheaper online, but the Web does provide a great way to research new car prices.
Buying a New Car: Considerations
What should I consider before buying a new car? Before you buy a new
car you'll probably want to take a look at your finances. I'm assuming
here that you will be financing at least part of your purchase. Let
your budget help guide your decision on which new car you buy. It makes
more sense than picking a new car to buy and then forcing it into your
budget. After you figure out what you can spend each month you need to
think about how much you can use as a down payment on your new car.
These days it has become commonplace not to make a down payment. People
are used to no money down or just trading-in. Unless you own your
trade-in outright or have significant equity in it, you'll want to use
at least some cash as a down payment on the new car. Any amount is
better than nothing. Down payments will lower your monthly payments,
save you money on interest and can sometimes earn you better rates on
the money that you do borrow.
Click here to Get pre-qualified for a new or used car loan on AskPatty.com.