Buying a new car can be a stressful experience with many twists and turns, this guide can make that process much easier.
Step 1: Find your car
You have to know your financial situation before you go looking for cars. While Teslas are extremely nice and 0-emission cars, they are out of financial reach for most Americans. You have to know how much car you can afford before you go looking for a dead-end.
Step 2: Get the price information
There are three things you need to look at when looking for the price information:
(1) Sticker price: This is what the car dealership would like you to pay for the car. Never pay this price.
(2) Invoice price: This is the amount that the dealership paid the car manufacturer for the car.
(3) True market value: This is the price for which you can probably get your potential-car.
Step 3: Finance the car
The average down payment for a new car on a five-year loan is approximately $4,104. The average interest rate is 1.64 percent which means the monthly payment is $400.
Step 3: Test-drive the car
You may think that your dream car feels like a cloud, but once you test-drive your car you may be surprised by how uncomfortable and wrong it feels. Before you sign on the dotted line, take your car for a spin and make sure it is actually the car you want.
Step 4: Negotiate and Stand Your Ground
Do not pay the sticker price on your new car–never! Stand your ground for true market value, if the dealer refuses, you can always leave and go to the next car dealership. (Notice how their face drops when you give them this ultimatum.)
The right auto insurance policy can help to give you the peace of mind that you need while you drive in the spring, where most potholes come out to prey on innocent drivers. Contact the independent insurance professionals at VGW Walker Insurance for all of your Texas car insurance needs to keep you and your family safe.
