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August 08th, 2013 | Author:

When you need to replace your current vehicle, money is an important consideration in your choice. Before you go shopping for an SUV, van, or Chevy Malibu in Wheeling, IL, it is important to have made decisions regarding your finances. Going armed with your financial decisions already made gives you confidence and power when working with a dealership’s sales rep. Therefore, before you go test driving a car, consider the following financial tips:

  • Determine how much you will spend.
  • Remember add-ons and taxes.
  • Look for financing options.

Determine Your Spending Limit

This is the very first step to take before test driving or even looking at a new car. Otherwise, you might get your heart set on something that you cannot afford. Begin by calculating your income and expenses. As you analyze those figures, realistically set a maximum amount for a car payment. Resist the temptation to spend all the extra money in your monthly budget. You never know when you will have to pay for an unexpected medical expense or a new kitchen appliance.

Remember Add-Ons and Taxes

Based on the amount that you have to spend on a monthly payment, you can find vehicles that fit within your budget. It is important to remember, though, that the cost of the vehicle is not the only thing that determines the monthly payment. You have to remember to include variables such as the interest rate you get, taxes, and the costs of any add-ons. Of course, if you have a down payment, you will be able to afford a more expensive car, and any amount that you put down will not be subject to interest.

Look for Financing before Shopping

When you have figured out your budget, you can begin to search for financing. Check with your bank or credit union. Check with dealerships that sell a Chevy Malibu in Wheeling, IL. Check on the Internet for different lending options. Different financing options cater to different needs. For instance, some specialize in helping customers with little credit or bad credit. Others cater to those with excellent credit. Looking at several places may take a little bit of time but will ensure you get the best interest rate possible.

Category: Automotive  | Tags: ,  | Comments off
August 08th, 2013 | Author:

Have you considered buying a new car lately? Are you planning to go to the car lot to check out all of the latest cars on the market? Have you spent any time doing your research online? Using the Internet can be very helpful in your research of new cars before you ever visit a car lot. The “click here” button, simple as it is, can be very powerful in leading you to information that can help you make a decision on what kind of car you would like to purchase.

What Information to Seek Online about Cars

One of the first things you will want to do when using the Internet to shop for cars is to browse. Just like you would on the car lot, take some time to simply browse and find cars that are appealing to you from just the way they look. Of course, you will already have a general category, such as a car, van, truck, etc., in mind. Browse those vehicles. Once you have an idea of what is out there, start digging in. Find out all you can. Read consumer reviews on the cars. Gather all the facts you can about the vehicles and put things together in a way that you can compare them. Lastly, search out pricing online from the local dealerships. Do some price comparisons between dealerships on several vehicles in order to have an idea of who is going to be the cheapest and who is going to be the most expensive.

Now Go to the Car Lot to Buy

Once you have done all of your research online, you are going to be far better prepared to go to the car lot and purchase a car. You can spend less time on the car lot searching because you have already spent that time clicking the “click here” buttons on the Internet. You will be better prepared to negotiate on price as well. You will be surprised by the power you have on the car lot when you already have a good understanding of the car you want, the competing cars and car lots, and the consumer reviews. You can use all of this to get the best car for the best price within your budget.

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