A new car is one of the most expensive purchases Americans will make, with many paying off their new rides for several years.
That’s why you must choose your vehicle carefully as a first time car buyer. Just like buying a house, buying a car is a big investment that will stick with you several years down the road (pun intended).
If you’re planning to make your first car purchase, follow this checklist to help you along the way.
Create a Budget
A car should make your life easier, not drown you in debt. So it’s essential to know your budget and stick to it.
Have an idea of how much you can afford, including future maintenance and repair costs.
If you’re low on cash or have bad credit, opting for a used car may be one way to save money and avoid needing a loan. But if you have more to spend and are confident you can stay on top of monthly payments, a used car is a great choice.
Narrow Down Types of Cars
When searching for new cars, decide what type you prefer. Do you want a big car or a small and compact one? Do you prefer a truck or SUV, or is a smaller sedan right for you?
Consider what the car will be used for and who will be riding with you, such as children or other family members. Determine how many seats you’ll need and what safety features may be necessary for you and your passengers.
Do Your Research
Next, research your options to find out what cars are available in your area. Check their prices, as well as reviews that list potential issues.
If you’re buying a used car, be sure to check the true value of the vehicle using a website like Kelley Blue Book.
Test Drive Your Picks
Once you’ve identified which cars might be a good fit, contact the owners or dealerships to go for a test drive.
Notice how comfortable the car is, how much space it has, and how good visibility is when driving. Be sure to test out different controls to see how easy they are to use and navigate.
Gather Your Documents
Once you’ve made a decision on which car you want, you’ll need to gather some essential documents.
For vehicle ownership, you’ll typically need:
- your driver’s license
- insurance papers
- documents proving your salary and/or credit score
- proof of address such as utility bills
Buy and Customize
Once you’ve bought your car, it’s important to register it in your area and get a new license plate.
Then, you can customize the car to make it fit you and your lifestyle. Stay on top of oil changes and other maintenance, and consider updating the tires, especially if the vehicle is used. You can find the best truck tires at https://www.ozzytyres.com.au/news/4×4-mag-wheels-for-sale/.
Have fun adding other personal touches and accessories to celebrate owning your first car.
Steps for a First Time Car Buyer
If you’re a first time car buyer, select the best vehicle for you with this essential checklist.
Read more about owning a car in our other automobile articles!
