Last updated on December 29th, 2020
Purchasing a car is a big commitment & the process of it is fairly detailed.
It can be stressful & daunting but with a few tips, you can get the best value for your money. Here’s a list you should follow while buying a car.
Decide on a budget. Buying a car is a long term commitment. You’ll probably have to pay for it for the next few years. It’s important to make a pragmatic decision here.
Decide what kind of a car you want to buy. Factor in the things that you need during your commute. Color of the car, design, technologies’, features, size, comfort, etc. play a huge role in choosing a vehicle. List down a few cars that are suitable for you in accordance with your budget.
Now that you know what you want in a car, you need to decide if you want to buy a new or a used car. This is a crucial decision. The value of a new car depreciates as soon as you buy it, so a used car can save you a lot of money. But if you want the latest technologies then your preference should be a new car. So, choose according to your need.
Research will be your best friend while buying a car. For new cars, find out the invoice price of the cars you listed down. The invoice price is the price the dealer pays to the manufacturer. You’ll be able to compare & know your negotiation limit. For used cars, find the average market selling price of the same type of car.
If you have a trade-in then figure out the market value of your car.
Car price varies hugely due to location. Locate some car dealerships. You must have more than 3 dealerships in your list to make the most out of your purchase.
You need to gather some documents in order to purchase a car. You’ll avoid a lot of hassle if you have this paperwork ready. The must needed document you’ll need are listed below:
- Identification Proof: You can use your passport, driver’s license, or government-approved id.
- Proof of Income: Your salary statement or any other official documents to show your income will work.
- Proof of Residence: House agreement documents, electricity bill, etc. can be used here.
- Referees: You’ll need a list of referees. These are the people who will be contacted in case you are not reachable.
These are a few basic documents that are a must when it comes to buying a car. You’ll need to provide additional paperwork depending on your form of payment, if you’ll take a loan from a bank, or pay installment at the dealership, your choice of car insurance, etc. You might need documents such as credit score, credit card history, rebate papers, trade-in information, etc.
Look into your financing options. You can either take an auto loan from a bank or get dealership financing. Compare the interest rates & bond duration. Make a fiscally responsible decision that won’t put you underwater on your car loan.
- Shop Around
You need to shop around & check the retail prices of different dealerships. You also need to look into the insurance cost. Some cars come with dealer-installed gears such as protection products, floor mats, window tinting, etc. These add huge bucks to the car price. Take taxes into account as well. Ask for a detailed breakdown of out of the door cost from different dealerships. Additionally for used cars, look for individual sellers & their selling price.
- Test Drive
Take your time & thoroughly test drive the car. This is the time you’ll see if the car really suits you or not, use it wisely. If it’s a used car then take it to a mechanic & have it checked properly.
Now it’s time to negotiate. With proper research, you’ll have all the required information you have to negotiate your terms. Talk to different dealerships & choose the best option.
You are close to closing the deal now. It’s time to review the deal make sure everything is in order.
- Close the Deal
Now it’s time for paperwork. You can do the paperwork at the dealership office or at your convenient place. Read the contract rigorously. Match the numbers carefully. It’s a one-way commitment road so take a fully informed decision before signing any papers.
You are a car owner now. Congratulations! You still have a few things to do. Check for any scratches or dents. Test the features and take a tour with the salesman before accepting the car.
Now that you are all set to go for buying that new car, why not check out this awesome stuff for a new car so that by the time you get the car home all the things you need to embellish it are also delivered. Here are the 16 best accessories you can use to decorate your precious car.
This blingy USB car charger will be a useful cute addition to your new car. This charger has dual ports. Almost all the smartphones from iOS to Android can be charged using this with up to 2.1 amps charge. It is handmade and designed using rhinestones. It also has a LED setting so you can see in the dark using this. Its steel tip can be used as a hammer during an emergency. It’s small, cute & very handy.
This high-quality PU leather steering wheel cover is designed with beautiful crystal rhinestones. The design is top-notch diamond craftwork. This is a very stylish wheel protector for a 37-38 cm car wheel. This wheel cover also massages your palms with the rhinestones and removes any fatigue. You will love using it. You’ll be able to install it easily. This will make your car stand out for sure.
This 3D car decoration badge will add an edge to your car. These two-piece silver emblems are super cool to look at and show great craftsmanship. This can be your own unique car logo. You can place it anywhere such as the rear, front, side of your car. This is fairly easy to add & removes. You can easily stick it to your car with its self-adhesive.
This cute dog paw coaster is to die for. It is great to accessories the interior of your car. This will be a favorite of any dog lover. You will get two coasters in this. These are made of environment-friendly, high-quality silicon & has anti-slip technology. From Toyota to BMW it is suitable for many cars. These will keep your new shiny car dry & clean.
This car seat cover will make your car rides extremely comfortable. This beautiful purple chair cover is made of great quality sheepskin faux fur. You can easily wash it in the machine. This cushion will make you want to sit in your car for a long time. It is totally skin-friendly. It won’t slip out from the car seat. You will love using this aesthetically pleasing cushion.
This boho rearview mirror charm accessory will be a great natural touch to your car. This handmade charm is extremely beautiful. It will increase your car’s aesthetic. The stone used in this charm is a Himalayan salt rock. It will give you a sense of calm. Perfect partner during a stress-inducing situation such as traffic jams.
These 4 pieces of cute car interior will be a great addition to your car. You can stick these to your car easily with its double-sided sticker. The design of these baby monks has a philosophical touch following Mahatma Gandhi’s three monkeys of “see no evil, speak no evil & hear no evil” with an added 4th piece of monk. The wobbly design & baby faces will surely win your heart.
This portable mini fridge is perfect for long car rides, trips, etc. This uses both AC/DC power and has a thermoelectric system that can act as a cooler and a warmer. This fridge is engineered in an eco-friendly manner. The semiconductor chip is Freon free. The fridge won’t disturb you making a loud noise. The sound intensity of it is 25dB whereas the sound intensity of our normal conversation is 60dB. The refrigerator capacity is 4ltrs. Perfect to store everything you need in an outing.
This monkey cartoon shaped tissue dispenser is unique and fun. This will definitely make you laugh and your car journey’s more delightful. It’s a great accessory for any car. This product is handcrafted with super soft fabric. This is very durable. You can clean it & change the tissue box very easily. This dispenser can be used for both square & roll papers.
Love your condiments & dips but can’t risk ruining your new car? We have the perfect solution for you. This sauce cup holder has clip compatible with most air vents to keep your condiments in check. This has a rotating mount and doesn’t fall while driving on a bumpy road. This is made of silicone & metal. You can change its orientation from portrait to landscape depending on your dip amount.
This USB car ceiling projector will get your party mood started. This romantic light setting has 5 photos and will creates a starry sky night on your car ceiling. This is flexible to 360 degrees. This product is easy to use just plug and play. This mini-sized light is portable and lightweight. This will make your car interior look magical.
This holder is perfect to keep your car tidy. You can store cylindrical electronic cigarettes, pencils, markers, pens, craft tools, etc. in this. This is a very handy product. It can hold items in almost any driving condition. This holder is very durable and almost indestructible. You can install it on any surface with its high strength tape.
This is the cutest dashboard décor. This wobbly unicorn figurine will make you smile & feel energetic every time you enter your car. This product is made using resins. It is environmentally friendly and long-lasting. This will not deform easily. This will be a great treat for your eyes.
Car cell phone holder is a must nowadays. Invest in this once you decide to buy a car. This will make your life so much easier. You can mount it to air vent and it will securely hold your smartphone. It can rotate 360 degrees great for any angle view. You can easily install and remove it. This is made of soft silicones to prevent scratching your phone. This is compatible with many phones including iPhone 11, Samsung Galaxy S9+, Google Pixel 3 XL, etc.
This vinyl claw design will give your car an aggressive look. If you are into racing or cruising this sticker will match your vibe. This is a high-quality sticker with a long outdoor life. You can install it with its strong adhesive. This will stick to your car for a long time. Yet you can easily remove this precision-cut vinyl without damaging your car.
This article is your ultimate sanctuary for buying a car. These car buying tips will make your vehicle purchasing experience much smoother. You will get the best deal possible without stressing much. We have also included some much-needed car accessories that will make your new ride more amazing.Favorite