10 Tips on How to Buy a Car

It gets to that point in life when we need to get a new car, and this can be a pretty stressing affair for some. There are a number of things that people can check to ensure that they get the right cars and that they don’t fall prey to those sweet-talking salesmen that are only after money. Some of these tips can even make you save money and get the best deals. By buying the right car, it means that you’ll be able to manage it in terms of fuel consumption and maintenance, and it will serve the specific purpose for which you bought it and more. In this article, we are going to take a look at 10 tips on how to buy a car.

10 Tips on How to Buy a Car
10 Tips on How to Buy a Car

Research

We all know the power of knowledge, which in this case can be gained by researching the car you’re after. You need to know everything about the cars of your choice in order for you to make informed choices. There are many resources where you can get the information, such as the Yahoo Autos on the internet. Research should also be done for used cars, checking out things like the current resale values for specific models, and whether they accept trade-ins.

Check for Pre-Financing Options

Most car dealerships offer financing although the interest rates are usually way higher than loans, which is why you should consider getting financing from financial institutions such as Banks and credit unions. You can visit financial institutions or research car loan rates online. Ensure that you get these rates sent to you on paper, written so that you can give the car dealerships when you’re ready to buy the car. this can be used as leverage to get better rates from the car dealerships.

Shop Around

It is best to shop around so that you can get the best deals on the market. It is even better if you check out of town car dealerships since at times the rates are based on location beautiful young couple standing at the dealership choosing a car.

Negotiate Terms

Most car dealerships are willing to negotiate rates, something that you should do because buying a car is a very important investment that could involve paying over a period of time, and taking time before you buy a car again. Confidence is key here, and you shouldn’t be afraid to walk away from deals that aren’t working for you.

Look at Both New and Used Cars

When searching for a car, you should check out both used and new cars, and especially if you are after saving money. Used cars are bound to be cheaper although nowadays people prefer to hang onto their cars for longer periods of time, meaning that their prices might not be as low. In such circumstances, you might want to consider going for a new car instead.

Buy Based on Purchase Price, Not on Monthly Payments

The monthly payments for cars are usually very attractive when it comes to monthly payments but don’t let that fool you. Ensure that you know the full purchase price and negotiate based on that. Make sure that you’re aware of any hidden costs that could include taxes, car preparation and delivery fees, and dealership costs.

Utilize the Internet

Make the internet your friend when searching for a car. This is one of the best ways of knowing dealers that aren’t annoying, and also getting the best prices. This also takes out the hustle of having to visit dealerships individually. On the other hand, be on the lookout for scams, and make sure you get to test the car and even have a professional check it out before purchasing online.

Don’t Mention Your Trade-In

One of the ways of keeping the deal in your favor is never to mention your trade-in until the very end of the buying process. This will make it easier to bargain based on the price that you were given, ensuring that you get the most out of your trade-in.

Consider the Insurance Costs

What are the insurance premiums that will be associated with your car once you’ve bought it? Check with insurance firms based on factors such as the make and model of the car, as well as personal information that could include your age, driving history, and marital status. You’ll find that there are cars that attract higher premiums such as sports cars, or even red cars in some instances. Cars that are popular with carjackers also attract higher premiums.

Avoid Impulse Buying

One of the main reasons for doing your research is so that you can avoid impulse buying. Impulse buying could be an expensive mistake since once it has been paid for it might not meet your expectations.

Bitcoin (BTC) Cryptocurrency

There are many payment methods that you can use to pay for your vehicles such as cheques, and even bitcoin currency. With bitcoin, there are lower cases of fraud, have lower transaction fees, and have minimal cases of identity theft, since they use Blockchain technology. Bitcoins don’t rely on a central regulatory agency, but rather relies on cryptography to control its creation and management. Car dealerships know how the use of bitcoin can influence their businesses and many of them have incorporated it into their payment systems. A quick peek at a bitcoin live feed will let you know how people are now trading in bitcoins. This shows how the market has accepted bitcoins and people are making money trading it.

Summary

Take your time to get a good deal when buying a car by following the tips above. You should also consider safe payment methods such as bitcoin if you’re purchasing the car online. To learn more about bitcoins, you can try learning how to trade them and you might just find yourself actually making profits.

Buying a Car for Your Vacation Club

Vacation clubs have grown in popularity in the recent past. It is obvious that every vacation club will need a car at some point whether it is new or leased. Having the right car makes a big difference especially now that you are in business and you are looking out to make a profit. The kind of cars you have can also have an influence on customer’s behavior and in a way can influence the kind of customers you have. Since it is a vacation club, most consumers are looking out for luxury and therefore you need to choose cars that ensure maximum luxury. With many models and brands in the market, it may be confusing which car to go for and that is why you have to know which kind of car you want to be able to end up with a car that will best suit your needs. Some of the factors that you should consider in choosing an auto for your vacation club may include:

Buying a Car for Your Vacation Club

Quality

The quality of a car is governed by its workmanship and durability as well as its components and accessories. The kind of quality you have will have an influence on the functionality of the car and how long it will serve you. High quality cars are less likely to experience some problems that low quality cars have such as paint peeling, rubber seals wearing and rattling noises among others. Since you are buying for a vacation club, quality should be a critical factor to consider. You don’t want to end up with a car with tech problems such as navigation problems among many other problems.

More quality problems will basically mean you will have to spend more money in the long run. Sometimes you may decide to go for newly introduced vehicles but it is advisable to wait until the second year of production since newly introduced vehicles are more susceptible to quality problems in their first year than in subsequent years.

Cost of ownership

For some cars, the long-term cost of ownership is higher than others and hence it is a very critical factor to keep in mind. A car with very high ownership cost can even make you suffer losses. Ownership costs may be in terms of fuel, maintenance, repairs, depreciation and insurance. In most cases however, foreign cars hold their value for longer than domestic cars.

Reliability

The primary reason people buy cars is for convenience and that comes with reliability. The more reliable the car is the better since it will give you more convenience.  As much as all cars are supposed to be reliable, not all are. For a vacation club, you need a car that is as reliable as possible.

Conclusion

There are many other factors to consider when buying a vacation club car those are just but the basic.  The different needs define different requirements hence you should define your needs first. A vacation club such as Occidental vacation club will need a great car and hence all possible factors have to be considered.

How to Make Buying a Car into a Good Investment

As we know, a car purchase is big. In fact, it may be the second-most expensive purchase that you make after your home. A lot of people consider a car an investment because of its price. But experts say that a car is not actually an investment. When you make an investment, you assume that the money you put in that item or asset will generate an income or appreciate in value in the future. In other words, an investment makes you money. Typical examples of investments are a home because it appreciates in value overtime; stocks because they pay dividend and also appreciate in value; and retirement plans, such as self-managed super fund and annuities, because they allow you to grow your money tax-free. Cars depreciate in value over time, so financial experts don’t consider them an investment.

car investment

However, owning a car is something that most of us hope to experience, well at least even once in our lifetime. And isn’t it a bad feeling to know that that one thing you ever dream of having is not actually worth buying? Fret not. In this post, we will provide you some helpful tips on how to ensure that your next car purchase will be the best investment you make.

Do your research

This is the first and foremost thing you should do before buying a car. You can start by looking at some buying guides on the internet. You can also go to your local library and dig through their car buying guides to get much information about the models and features of the cars you’re considering. If you have friends who know a lot about vehicles, you can also ask them for some advice. Do your homework and research as much as you can. It’s tens of thousands of dollars we’re talking about here, so it’s very important to ensure that you get the best out of your money. If you head to the dealership without getting well-informed, you’re going to end up with a poor selection.

Purchase a used car

According to Edmunds.com, a new car loses its 11 percent value the minute it rolls out of the dealership. In the first year, about 15 percent of its value is lost, with another 15-25 percent lost each year thereafter. A good rule of thumb if you’re looking for a vehicle is to buy a car that is at least 2-4 years old. That car will still be relatively new, and the great thing is you don’t lose your investment dollars because the first owner has eaten the larger portion of the depreciation. If you’re done with the car and would like to purchase a new one, you can sell it for near the purchase price.

Pay in cash

The next thing to consider is when you buy, pay it in cash. Paying cash can benefit you financially in a lot of different ways. First, you no longer need to pay for interest. As we all know, when you loan, you’re automatically charge with finance charges and interest. Second, it gives you total ownership of your car, so that means you have full control of it. If you have a loan and you fall on difficult financial times, the bank or whoever you owe money to can take the car from you if you fail to make payments. But if you own it already, you no longer have to worry about monthly payments. And the best thing is you have the option to sell it in case you need some cash. And of course, paying in cash also means eliminating the hassle of dealing with annoying lenders.

Take care of your car

Once you own the car, keep it clean all the time. This will certainly keep your car looking newer for longer amount of time. Better if you also learn the basics on how to maintain it, including airing up car tires, changing oil, changing air filter, and changing transmission fluid. Not only will this keep your car in good shape, but it will also save you a lot of money in the long run.