Buying a new car is a significant financial move. While the process can be exciting, there’s also a level of intimidation. After all, you’re going up against some of the best salespeople when visiting a dealership. And while most dealers today aren’t shady, there are tactics they use to maximize the sale in their favor.
While leasing isn’t the right move for everyone, those drivers with leases ending soon are finding themselves in a unique position. The limited supply of preowned vehicles in the market is driving up the values of their leased cars – leaving many to contemplate whether they should buyout their lease.
Are you thinking of buying a new car? Maybe your current vehicle is on its last legs, and you’re ready to upgrade. Perhaps you want something a bit safer for your kids. Whatever the reason, buying a new car is no doubt exciting. But there’s also that feeling of uneasiness knowing you’re about to run the gauntlet of dealer games.
Today’s car-shopping experience provides many options that weren’t even around a decade ago. Not only can you choose a variety of makes and models, but now you also have the option of buying an electric vehicle (EV). With gas prices steadily climbing, you may already be considering going electric.
Buying your first car is an exciting experience! After all, with your very own vehicle, you can finally experience the freedom and independence you’ve been wanting. No longer will you have to ask for rides from your friends and family or rely on ridesharing services or public transportation.
For some people, buying a new car is exhilarating. After all, the thought of driving a brand-new vehicle with all the bells and whistles is exciting. On the other hand, many others may find the process intimidating and stressful.
Regardless of what is happening in the world around you, there are times when you simply need a new car. However, many are wondering how car buying differs now than before the current pandemic.
One of the most powerful tools when it comes to buying a new or pre-owned vehicle is a pre-approval. With a pre-approval, you’ll have the upper-hand when it comes to negotiating with dealerships, you’ll be protected against unnecessary add-ons, and you’ll stay within your budget.
You’ve probably heard by now, more than once, that it is important to have a good credit score. While this sounds good and wise, the importance of a high credit score often doesn’t sink in until you see it in black and white.
It’s no secret your credit score is important. But many are surprised how great a role it can play in the overall cost of your loan.
