Car buying process, purchasing techniques, car buying tools, car costs, vehicle research

Buying Process

Some quick guidelines to help you find the right car, at the right price.

1. How Much Car Can You Afford?

This should be where you start. Decide how much you have to spend on your vehicle by determining how much you want to borrow to purchase the car and how much you can afford to pay every month. In addition to the monthly loan payment, you should also estimate other costs of the car, such as insurance, tax, operating expenses, etc. Once you have an idea of how much you want to borrow, you can apply for a loan. If your request is approved, you will know how much buying power you have when you go shopping.

2. How Are You Going To Pay?

Now is the time to decide. Should you pay cash, finance or lease your vehicle. There is no right or wrong answer, because each method offers different advantages for different budgets and lifestyles. Most agree that securing the financing before entering the dealership will get you the best possible deal on the loan and on the vehicle. So Apply Now for an auto loan and make sure you get the best deal possible on the purchase of your new (or used) car.

3. What Car Or Truck Should You Buy?

Based on your budget and your pre-approved financing, find out what your needs are. What features do you need? Research cars that meet your needs and fit your budget. Check out industry magazines and car publications to see what the experts think. Talk to friends, relatives or co-workers to see if they like their cars or trucks. Use the Internet for your research. Many Websites offer great tools and have a great deal available at no cost. Not only will they let you read the latest car reviews, they will also give you dealer cost (invoice pricing) and allow you to price your trade-in. Find out the history of the vehicle you are looking to buy at www.carfax.com.

Before the Dealership