For most of us, buying a new car will be one of the most significant expenses in our lives. That’s why it is essential to be equipped with a new car buying checklist. Our below-mentioned comprehensive checklist when buying a new car will make your buying experience a truly pleasing decision. With it, you will be able to have pleasure and no regrets.
Important Points For Preparing Buying A New Car Checklist
1- What Kind of Car?
Ere you start to ponder about price or brand, you require to decide what kind of car should be on your new car checklist. If you live in an urban area, there a small car not only gives good gas mileage but more comfortable parking? Do you require a vehicle for the family, with room for car seats and strollers? Or are you an outdoors type, intending to hit the beaches, campgrounds, and bikeways? A small SUV might serve your purpose. All of these issues should be on your own particular new car buying checklist.
2- What’s Your Budget?
Comprehending how much you can spend is the first step in your new car buying checklist. A mere way to consider your budget is income minus expenditures. Take your net yearly salary and divide it by 12 to ascertain your monthly income. Then calculate recurrent monthly expenditures, like rent, food, insurance, credit cards, etc, and deduct them from your income.
For instance, let’s say your net annual income ( after deduction of tax) is $48,000. It means it is $4000 per month. Your rent and utilities are $1000 per month and food expenses $600 a month. Entertainment, travel, credit card bills, insurance and medical add another $600, and miscellaneous spending and savings come to $500. So total expenses are $2700 per month. Let’s say you’ll require $500 per month for the maintenance expenses of the car, such as insurance, gas, and registration, bringing your monthly expense total to $3100. It means you may have $900 a month for car payments.
It’s important to know these numbers because a salesperson will oftentimes ask ‘How much can you bear to pay per month?” You don’t require to be entangled into a 72-month loan or one with a higher interest rate just to get to the ‘right’ monthly installments.
3- What Type of Car You Want
Know what sort of car you’re contemplating an SUV, a small car, or a minivan, etc. Check different websites for car reviews and pricing knowledge, including benefits, warranties, discounts, and financing offers. Check with your insurance company (or search online) to ascertain how much your insurance expense will rise with your new vehicle.
Use online calculators to conclude whether you’re better off exerting a rebate or special promotional financing or lease deals. (Hint: if you pass and the loan term is long enough, it’s often the special financing.)
4- Comprehend Your New Car Buying Budget
Try to surmise how much money you have to put down. The higher your down payment, the lower the monthly repayments (or, the more costly a car you can buy). Prefer selling your current car privately or at least get some notion of its trade-in value.
Apprehend your credit score to see if you are fit for a lower-interest car loan. Contact your bank for a pre-approved car loan. You must check with your dealer, too. They may have a better deal for you in this regard.
5- Use The Internet & Get Price Quotes
You can get free price quotes through the internet. Browse different dealerships and get different free Price Quotes. Check through the internet that your desired car with the right equipment, color, etc. is available at a local dealership? Or does it require pre-booking?
6- Have A Test Drive Before Buying A New Car
Don’t underestimate the power of a test drive. With it, you can analyze that the car you have picked is right for you. There is another option, too. You can get the car on rent you are wishing to buy from any rental company. Spend your weekend with the car, live with it, and know does it fulfill your purpose.
Important Points To Be Checked During The Test Drive
Check Car Features: Check car features like sunroof, folding seats, navigation system, cup holders, etc comprehensively before having your test drive. We advise you to test drive the same color and options model you have planned to buy.
Check Inner Space: Kindly do check if there is sufficient headroom, legroom, and comfort for the driver and passengers. The rear seat room should be checked. Luggage space should also be noted. Carefully check is it easy getting and out? The steering wheel and seat must be adjustable easily not only for you but also for other drivers in your family.
Visibility Checking: Another important point is visibility checking. Can you see precisely with the mirrors?
Check Engine Power: During the test drive, you should drive the car on different types of roads, streets. If possible drive it on hilly and rough pavements. Feel the comfort of the ride. It will also let you know if the car engine is powerful enough for daily usage.
Check the result of running the air conditioner: Carefully note does its running cause any engine power loss? You should precisely observe that the shifting is smooth, steering is responsive, and the vehicle remains straight when you take your hands off the steering wheel.
Check The Noise: It is advised to turn the music player off and concentrate if the vehicle produces any noise when you accelerate it or shift gears.
Check Braking System: It is a vital point and you must pay full attention to it. How does the brake system respond? Comprehensive checking is a must.
Kindly note your test drive period should not be less than 30 minutes minimum. If the salesperson asks you to shorten it, be cautious and prefer walking away. Don’t hesitate in refusing to buy the vehicle if you are not 100% satisfied with the vehicle or want to rethink your choice after your test drive.
Yes, you can take the salesperson’s visiting card if he has served you in a good professional manner so that you may contact him easily when you decide to buy the car after your rethinking.
7- Avoid Add-Ons
Another tested piece of advice is here. Say no to add-ons and other unnecessary options.
We want to make this buying a new car experience a memorable one for you. And hopefully, this checklist will assist you a lot in this regard.