4 Essential Tips for Buying a Car on a Budget

by - 7/28/2017 11:00:00 AM

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Last year I had to purchase a new car. And trust me it was one of the hardest decisions that I've had to make. My first adult car was purchased from an amazing dealership with very low miles. However, I purchased the car because I thought it was a great car and did very little research on the car. This time around. I was not playing any games. I knew what type of car I wanted prior to going to the dealership. I knew that I was not going with a car for “keeping up with the Jones”. I was actually getting a reliable car that had amazing reviews. Today I wanted to share with you some amazing tips to get the most bang for your buck. Even if you’re not in the market to purchase a car today. Save these tips for future reference. 


Search Online

When purchasing a vehicle I always search online first. I love using cars.com because it does the bulk of the work for me. I can do a really general search and see what cars are on the market or I can do a specific search by using the toolbar. For instance, If I was looking for a Subaru sedan for under $30k. I can put in the information and Cars.com will filter through all of the vehicles in their data base for me. I love that Cars.com also includes reviews from real owners. This is one of the many reasons that I love using this site.


Budget

I can not stress to have a budget prior to going into a car dealership. I know it’s super easy to go to the car dealer with a budget to purchase a Dodge and walk out the dealership with Lexus. I get it. Many dealerships will give you a better deal if you finance through your own bank because to them it’s the same as purchasing with cash. Get approved prior to going to the dealership and make sure it’s an amount that you’re comfortable with and not approved for. You don’t have to max out the limit of money that your bank offers to you even if they can work out the monthly payments to be lower and stretched out to five years. Think about it. 

Price

The biggest mistake you can make is not asking for a lower price. When I purchased my car I called the dealer after seeing the vehicle and asked for a very specific amount to be taken off of the vehicle price. The dealer agreed to the amount and it was a sigh of relief because I was in love with the car. Even if he had said no, at least I would have tried. I went to many dealers prior to the dealership that I purchased my car from and some were unable to negotiate the price. It’s a part of the buying process. If you’re not in a rush to get the vehicle wait a couple of days after seeing the vehicle to see if you can negotiate the price. 

Warranty 

This is probably one of the most important tips. Not knowing your cars warranty policy could potentially cost you thousands. When car shopping, one of my first questions is inquiring about the warranty on the vehicle. This is something that you can ask over the phone as well. I left with a copy of the warranty for my vehicle to read over.  You should ask how many miles does the warranty last for? Is the warranty mileage and/or an actual expiration date? What does the warranty include? Do you still have to pay a fee? Thoroughly read over the warranty and ask questions if you need clarification. If the warranty that does not meet your expectations can and should be a deal breaker. Only agree to what you’re comfortable with. 

Car buying doesn’t have to be a scary or daunting process. Follow these simple tips to become a car buying rock star.

Do you have any car buying tips?

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13 comments

  1. Its a very good post i feel very happy to see this blog really too good there are many things will be provided for this blog. if you want any essay related papers feel free to surf best essay writing service.

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  2. We just bought a new car. So much thinking went into it. I liked all your tips these are all very important 😊

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  3. I loved reading the amamzing tips you shared here. Thank you so much and yes will buy a car keeping this post in mind.

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  4. Love these tips because I'm currently looking for a new vehicle! :) Shell

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  5. I hate car shopping so much. haha. But yes it's important to look into warranty and asking for a lower price.

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  6. We got a new one last year, and you made me remind off how much did we research to get the best price of the car. Online comparisons, talking with dealers and what not!

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