If you're a resident in the great Garden State, it's safe to assume that
you rely on a car as your main form of transportation. You'll try to keep your
car running for as long as possible, but will eventually have to get rid of
your old ride. Getting a new car isn't just a major purchase; it's something
that can drastically impact your financial situation. There are plenty of
car dealers in southern New Jersey, but if you go in
to buy unprepared you could pay more than you have to. If you're in need of a
car and not a financial crisis, keep this advice in mind as you shop.
Learn the
value of your old car
If you're getting a new car you probably think that your old one is piece
of junk, but virtually every vehicle has some kind of value. Even if your old
car is a bit beaten up, a charitable organization may still be willing to take
it. You can also consider selling it to a scrap yard. The scrap metal business
is booming, and you could take home a couple hundred dollars if you find a good
deal. There are a lot of online sources you can use to determine the value of
your current vehicle. The best source to
find the value of your trade in South Jersey is your local car
dealer since they buy and sell cars all every day.
Think about
your budget realistically
If you're only making $35,000 a year, a car that will cost $20,000 may be
out of your price range. When you take what you can afford into account, don't
just think about the initial price you pay for the car – think about how much
you'll pay for gas, insurance, and maintenance like oil changes. Suddenly, setting
your sights on a $300 car payment for the most popular model can be a little unrealistic
for today’s market. You may need to
weigh your wants & needs in order to get a vehicle that satisfies your
needs and meets your budget.
Don't fret
over the monthly payment
When some people shop for cars, they make the mistake of focusing too much
on their monthly payment. Though it's important finance-wise, the amount of
interest on your loan is equally important. If you find a car that has a low
monthly payment, but involves a high-interest loan, you will be paying more in
the long run and the deal may not be worth it. Remember when you are comparing
prices dealer to dealer be sure to read all the fine print so you can compare
apples to apples to ensure you are getting your best deal. There are many ways
that numbers can be manipulated.
Try to
sweeten the deal
A lot of dealerships offer incentives for their customers, such as free maintenance
for a year or two or complementary oil changes for the first 10,000 miles.
Sometimes, these services can be worth it if you're trying to be cost
conscious. Always ask to see what they offer, and see if they'd be willing to
throw in any services to sweeten the deal.
Labels: Car Dealers in South Jersey