Becoming the owner of a new car can be a very exciting event. Here are six money-saving tips to keep in mind when buying a new ride.
Certified pre-owned vehicle
Drivers who are on a tight budget should consider buying a certified pre-owned vehicle. Unlike an average used car, a certified pre-owned vehicle usually comes with a lengthy warranty. Not only are certified pre-owned vehicles in superb condition, but they also have low miles. Car shoppers can actually save as much as $10,000 by opting to purchase a certified pre-owned vehicle.
Avoid purchasing unnecessary options
Many car buyers are tempted to upgrade their vehicle with additional features. However, these upgraded features will typically cause the total cost of the vehicle to increase. By choosing a cloth upholstery instead of leather, the car buyer can save an average of $1,500. However, safety upgrades such as a rear-view camera may be well-worth the extra cost.
Take advantage of deals
At various times during the year, some car dealerships have outstanding bargains. If the dealership has a surplus of an outgoing model, they will usually offer substantial discounts. This is great news for the drivers who want to put a little extra cash into their pockets. Car shoppers also need to be on the lookout for cost-cutting incentives.
Research the vehicle’s long-term reliability
After the original warranty expires, the car owner will have to foot the bill for any repair work. Shoppers should seek to purchase a vehicle that has a reputation for being reliable. This will help to avoid costly repairs in the future. It is also a good idea to research the vehicle’s projected cost of maintenance.
Compare the cost
Before making a final decision on a new ride, be sure to perform a car cost comparison. A side-by-side comparison chart will help the car shopper to analyze the cost of each vehicle.
Have a budget in order
Some car shoppers simply cannot resist the appeal of a certain vehicle. However, smart car buyers always consider their personal finances before making a final decision. Car buyers should never allow the excitement of buying a new vehicle to cloud their judgment. By implementing these tips, car shoppers will be able to save a significant amount of money.