When buying a car, what you should know depends on different factors, but buying a car should not be as hectic as it is.
It took us about 2 weeks to buy our second car after we lost the first one due to an accident.
Little did we know that we were going to spend a week deciding which car we both liked.
As a married couple, buying certain items certainly requires some form of collaboration and communication, with the goal of making the best decision for the family.
Communicating on such purchases also prevents most issues from happening down the road due to that particular purchase.
The most important factors we considered in buying our car were:
1. Why we are buying a car?( for family car, personal car, work car, etc)?
2. How much will it cost us?
3. How long do we want to drive it for?
4. The resale value in “X’ number of years?
5. Customer reviews?
6. The must have options like cruise control, gas mileage, miles per gallon, etc.?
We had two choices for brands; our first choice was Toyota, then Honda. We shopped within a 4 hour drive range for more options, and better pricing.
After some extensive research and decision making, we agreed on a 2005 Toyota Matrix, located 2 hours away from us.
It costs us about $8300 but we had a good deal since it was valued $2000 below Kelly Blue Book value plus the dealer had reduced the price recently.
It was also a must for us to have our mechanic inspect it before we bought it.
Hence, we told the dealer we needed some form of full warranty so our mechanic could inspect it for us, and if our mechanic decided against the purchase we could return the car for a full refund which the dealer agreed.
The dealer also added a 60-day 50% warranty on all labor and costs should we have any issues with the car.
As a result, making that purchase has greatly improved our communication and enabled us to make decisions easily.
The above factors to consider when buying a car saved us over $2000.
If you want to save some money on your next car purchase or reduce your family budget for a car, you can utilize them when you buy your next car.
And do not forget, always look for a bargain, and be patient.
Did we miss other factors to consider when buying a car? Share your insights with us.
Image: (CC) Taz