Buying your very first car can be a tough decision since it is going to let go of some of your finances. However, it will be a worth the investment once you bought the right car that you are dreaming of. So how is it going to be a worth an investment? Do you know how to make it the best decision you ever made? Then, you need to create or list down questions that you need to ask before you buy a car. This will be your basis to know if you are buying the correct car or not.
What kind of car do you prefer and you need?
The type of car that you need to buy must not be luxurious. It must be the one that suits your needs. If you are a backpacker, you might need to choose SUV that can carry your things on your way. When your job requires a good looking car, then you need to look for something that would fit the job you are in.
How much are you going to spend for a car?
It is still going to be the price of the car that you need to look after. There are too many types of car financing that you can choose. But the standard financing that you should go for is the 3-year term financing. Suddenly if you can’t afford it, then you definitely can’t afford to buy the car. Consider job changes as well can affect your car financing so better think about it. Maybe buying a used car can help.
Do I buy used or a new car?
If I will be asked if I will buy a used car or a brand new car, maybe it depends on my capacity to pay. I think if someone offers me a good used car, I mean just a slightly used car still with good looks, I think I can consider buying it. But I prefer as well buying a brand new one. If so, I need to make sure that I can afford to buy the new one.
Should I just lease a car?
No, don’t ever lease a car. It is paying so much more money than purchasing the car in the beginning. It is better to buy a used car than leasing. Leasing will make you give more money than saving.
Can I live without a car or not?
The car is a good choice if there is no good public transport in your area. It will help you save money in purchasing in cash and saving your finance in the needed maintenance as well. When you get married, choosing one car would be fine to save more.
Those questions are the most important questions that you need to find out before you buy a car. You must know well on what can be suitable for your needs. Your choice should also fit your family so you can travel along without any problems at all.