Steps To Buying A Car

Deciding that you need a new car or a new-to-you car can be an exciting time, but it can also be stressful. A car purchase is probably one of the biggest purchases that you will ever make in your lifetime (maybe except for a home purchase and maybe college tuition), and no one wants to make a mistake when buying a car and be filled with regret.

Research what you want.

Steps To Buying A CarBefore you step food into a dealership, you should do some research about what kind of car you want and need. If you have a 10 person family, then a 2 person car is probably not what you are looking for.

Another thing to think about is gas mileage. If your roundtrip commute is 200 miles each day, then buying a car that only receives 14 miles to the gallon may not be something that you are looking for.

Different things that you may want to think about include:

  • What brand of car do you want?
  • How reliable of a car do you need? A $500 car probably will not be as reliable as a $20,000 brand new car.
  • How big of a car do you need?
  • What kind of gas mileage do you want?
  • Do you want a diesel, gas, or electric car?
  • What is your budget?

Start looking at cars.

Your next step is to actually look at cars. You may look at used cars at a dealership, new cars at a dealership, privately owned cars, and so on. You may even find an auction that has a car that you are interested in.

Decide if you want to trade in your current car.

If you currently have a car, then you may think about getting rid of it to help pay for your new-to-you car. You can sell it yourself (such as placing an advertisement directly on the car) or trade it in when you buy your next car.

Decide how you will pay for your car.

You can pay for your car with cash, finance it such as with Money Barn, or do a mixture and pay for some of it with cash and the other part with financing.

Get the keys and drive home!

After you pay for the car, you will get the keys and drive home. Eventually you may need to title and register the car, depending on where you live. Don’t forget about car taxes as well.

How did your last car purchase go?

 

Like this post? Want more great articles? Check out our newsletter to receive exclusive content sent only to the select few who subscribe. We will even start you off with the bonus 10-part eSeries Don't Envy the Successful Entrepreneur - Become One!"

Speak Your Mind

*