Tips for buying a new car: Be very careful when buying a car

"Be very careful when buying a car as it involves a long-term financial commitment." Buying a new car can be a tedious task, espe...

"Be very careful when buying a car as it involves a long-term financial commitment."

Buying a new car can be a tedious task, especially considering the plethora of options the market has to offer today. Focusing on the car you want is a task in itself, and when the decision is finally made, comes the part where you have to sort through the financials.

Make an informed decision

It's important to find out before preparing for a specific car. Use the Internet or read automotive articles to learn about vehicle types, powertrain, transmissions and features. This will make you an informed buyer, and the chances of you switching to the overzealous seller's tactics will be greatly reduced.

List your needs

This is another important factor when buying a new car. Make sure you have a good understanding of the car you've settled on. Draw up a plan of your needs if you need gasoline or diesel, a manual transmission or an AMT, whether you prefer performance to comfort or features, be clear about it.

Decide on a budget

Do the math and decide how much money you are willing to pay. If you buy a vehicle with a bank loan, calculate the monthly premium you are willing to pay without disrupting your finances too much. In addition, it is recommended that you pay a large down payment so that your monthly payment will be lower.

Find out about discounts

The majority of auto proxies introduce monthly discounts and programs that change in a timely manner. Keep up to date with the latest offers. Also, offers and discounts may vary depending on the location of the dealer. It's important to research these before you go out and buy a car.

Don't talk about money

Don't reveal your exact ability to pay, as salespeople are trained to take your budget up a notch if you name the price right away. Simply determine the model, variant and engine configuration you need and stick to it. And when it comes to exchanging old cars, go to a multi-brand used car dealer to have it appraised and negotiated accordingly.