Buying 1st Car
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Please keep in mind that the price you end up paying will not be the same as the sticker price on the car. While that may be what you pay for the vehicle itself, you will also have to cover fees for documentation, prep and delivery, sales tax and any additional accessories or extended warranties that you may choose to purchase. While buying your first car from a dealership may be safer in some respects, it may also end up being the most expensive because of these additional expenses.
While home buying may be the better long-term investment, it may not be tenable to get by in your location without a car. Deciding whether to buy a home or a car first comes down to the following considerations and frequently asked questions.
The best way to save money is to buy used. A new car loses almost half its value in the first five years, so go for one that's a few years old yet still has contemporary safety features and many useful years ahead of it. Buying used also means a nicer car for the money than possible if buying new.
To reduce the risk of buying a lemon (a car with never-ending problems), identify models with a good reliability record. Check CR.org/reliability for survey-based insights that can point you to cars that hold up well over time.
When shopping for a used vehicle, make sure there's a car-savvy adult on hand. During the pandemic, be sure to wear a mask, maintain social distancing, and be prepared to clean the car surfaces and your own hands with sanitizing wipe. This can make buying now a bit awkward. Consequently, you might favor buying from a dealership that has sanitizing protocols in place or a family member, rather than purchase from a stranger, until the pandemic passes.
Professional car salespeople have been trained to push sales and get the most money for a car. That's what they do, day in and day out. Many shoppers are outgunned during this phase of car buying, and a first-time buyer usually doesn't stand a chance going solo.
If you're buying from a private seller, negotiating is usually straightforward. Research online what the current wholesale price (aka trade-in price) is for the car based on its condition, mileage, and location. That's your target price.
Talk to other people who have experience with buying cars. Or, take advantage of online resources to help with your search. Look at vehicle reviews and opinions before settling on a make. Similarly, look at the dealer reputation, financing options, and even previous customer experiences before making a final decision.
It's easy to get overwhelmed when you have hundreds of used cars to choose from. AutoNation Toyota Libertyville is here to help make the car buying process easy for seasoned and first-time buyers alike. Check out our handy guide and tools for buying your first car.
The first step in the car buying process is to select a model. At Martin's Garage in Union Grove, WI we have an extensive inventory of Chrysler, Jeep, Dodge, and Ram models. Whether you are looking for a sporty and stylish model like a Dodge Charger or require a highly capable vehicle like the Jeep Grand Cherokee, we have exactly what you need. If you are unsure of which model is right for you, check out the model reviews to see what our experts have to say about our vehicle offerings.
Now that you have selected a model and trim level, it is time to decide how you want to pay for it. Selecting a payment option is personal and depends on your specific needs. If you are interested in getting a new vehicle every few years with lower monthly payments, you should consider leasing. However, if you would like to avid mileage restrictions and customize your vehicle any way you'd like, you should consider financing. For a more detailed look at the pros and cons of leasing or buying, check out our buy vs. lease page.
First you must choose between buying a new car and buying a used car. A new car may cost more but will come with a longer warranty and no history of abuse or neglect. Howe