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All You Wanted to Know about Car Buying!

Jan 18, 2008
You can find plenty of choice of vehicles these days whether it is sports utility vehicles, minivans, luxury sedans, land rovers, station wagons, and even light trucks. These vehicles seem to have flooded the US market like never before with a sharp increase in sales volume. There is severe competition among car dealers including car financiers and carmakers. As a result, the choice becomes even more difficult for the consumers among numerous brands and models.

Here are some tips that can probably help you in making an informed car purchase decision:

- Evaluate your options

It is essential to get all the important facts and information on the car based on the price range and the different features that are offered. It is a good idea to attend auto car shows where you get the opportunity of viewing different car models at the same time. You can have a look at the variety of cars with their different sizes and specifications. It is important that the car fits into your garage well so that you do not end up buying something that is does not fit into your space.

- Analyze the cost factors

As an owner of the car, you need to consider the costs associated with the vehicle. You need to pay regular insurance premiums for which you need to set aside a budget. And if you are planning to buy a car on a loan basis, then it is better to choose good finance options even before you consider buying a car. However, you also need to take into consideration the down payment, monthly installment and interest rates that will have a huge impact on your finances.

- Be an informed shopper

It always pays to have a sound knowledge about the vehicle that you are planning to purchase. You can have a list of options that best suits your needs and requirement with a bit of research on the current market price of the models. It helps to get a price quote of the car from different dealers. However, you can also check the resale value of the car from various car dealers to gauge the popularity of your vehicle.

- Check for car rebates

You can save cash with the car rebates that are offered on various models during a specified time period. Sometimes car dealers offer rebates to customers to popularize a new segment of car. At times, you can avail of financial schemes with zero percent finance offered by car finance companies. You should keep a close watch on the various schemes that are offered from time to time by car dealers.

- Read the contract carefully

It is very important to read the terms and conditions of the contract very carefully before signing it during the final purchase. Check if the sales figures quoted are the same as at the time of final negotiation between you and the car dealer. Otherwise, it is likely that you may end up paying more from your pocket with a little bit of carelessness.
About the Author
Mark Robinson writes for Auto-Loans.GuideFin.com. Visit his website for information about auto loans - http://auto-loans.guidefin.com.
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