Purchasing a car is certainly exciting, but going through the process for the first time can definitely be intimidating. Once you start considering how many brands, models and dealerships there are to choose from, it can be tempting to throw in the towel and purchase a bus pass instead. If you're currently exploring the car buying landscape for the first time, don't give up just yet – use these handy tips to make the perfect choice.
1. Create a practical budget
Often, one of the most difficult parts of purchasing your first car is figuring out a solid budget. While you want to end up with a high quality vehicle that fulfills all your wants and needs, you don't want to commit to a model you really can't afford. If you're planning to pay cash, come up with a figure you feel comfortable with and start saving. If, like many first-time buyers, you're planning to finance your vehicle through monthly payments, create a budget by looking at all your other monthly expenses and seeing how much income you have left to put towards your new ride. Remember to factor in supplementary costs like gas, insurance, tolls and maintenance fees.
2. Consider looking at used cars
Used cars are excellent options for first-time buyers. Often, you can score great deals on reputable brands that you wouldn't be able to afford brand new – purchasing a previously owned Audi with a few miles on it will be a lot more affordable than buying the brand's most recent model. If you only earned your license recently or are not an experienced driver, you may also feel more comfortable committing to a car that has proven to be reliable to another owner.
3. Think about your needs
That SUV may look cool on the lot, but chances are it won't seem so great when you're trying to find parking on a busy city street. Conversely, the tiny compact car you have your eye on won't fare well when you try to bring it to the mountains for your biweekly camping adventures. Before you pick your future ride, it's important to think about what you'll be using it for. Do you plan to take it on long trips? Are you going to need something kid-friendly? Will it have to squeeze into parking garages? Make sure you consider your lifestyle and transportation desires during the buying process.
4. Do some research
Once you have a general sense of what you want, it's time to hop online and do some homework. Take a look at what dealerships and lots are in your area, and decide which ones you'll visit. Be sure to check out the New Jersey State Auto Auction for all your used car needs.
5. Take some test drives
Of course, looking at cars online isn't quite the same as actually driving them. Even vehicles that receive rave reviews on the Internet might not be great fits for you and your needs. So once you've identified potential models, get out and do some test runs. After getting behind the wheel you'll be able to make the right choice.