Five major factors that you'd consider before buying a car

I woke up to a bad morning last summer, finding my smartphone malfunctioning at its worst. It drove me crazy and I rushed to the nearby store to find what went wrong with it. Even though it could be restored back in a proper working order against some cash, I preferred buying a new one.

It is almost the same for everyone who loves their phones. However, when it comes to cars, they follow a different approach. Cars become errant, need repairs and perhaps replacement. But, do people take an instant decision to buying a car out of nothing? No, it is not that a cake walk. You probably do not wake up from your sleep and head straight to the car dealership showroom, choose a car of your choice, swipe a card and drive home a car in a few minutes.

People love to consider a few things before buying a car. In a recent AutoShopper Study, it was revealed that about 80% of people were likely to go on the Internet to find different comprehensive insights about a car and in doing so they spent 14 hours. In order to reach their decision about which make and model they want to buy, they take a total of four months.

Making an instant decision suits those who are accustomed to buying a few cars in their lives. But, for a new car buyer, it is hugely different. At the same time, while few people are concerned about buying a new phone, most people would care about purchasing a new car. That apart, it takes a fraction of an amount for a phone, while a car is an expensive purchase after a home. Ever since it takes in thousands of dollars in sake of your happiness, you do make a smart decision and follow the right purchase process.

Know your budget

Prior to buying a car, it is important to make sure about your budget, and how much you can spend on your new car. You need to determine if you want to pay through cash, lease or finance. It is an easy expense when you decide to pay cash. But, amid everything, do not forget about the factor of sales tax on the purchase, registration fees, including your insurance premium.

Identify your preference

Once you are done with your financing, it is crucial that you work up to your requirements and wants.

There are many considerations you need to make based on your wants.

●       If you are alone, and responsible to pay your college bills, go for used cars, rather than a new one.

●       If you are a parent and have kids, you need something roomy.

●       If you are single and have kids, but plans to settle down in the future, you should prefer something, you can afford.

●       If you are an older individual, you need a great new vehicle which facilitates your movements regarding getting into and out of the car.

●       And finally, if you are a contractor, you need something which addresses your requirements.

So, know your preference to get the maximum from your investment.

Do your research

Prior to visiting the car dealership, it is important you do the internet search on your part to get comprehensive pricing insights into the car you want to buy.

You can read reviews and know about the make and models of the cars on sites like Edmunds.com or HerHighway.com. It can ideate you about the true price of the make and model.

Choose your vehicle

Always remember that salespersons earn their commissions based on each sale. Hence, they are prompt to make the sale within a first visit. But, you should not act in a  haste.  Narrow down your choices on at least three models to find the best qualities in a car. In order to do this, always prefer a test drive. This is important as it enables you to judge each and every detail of a car, including its performance, comfort level, fuel efficiency, acceleration, inbuilt technologies and so on. So, when everything is in place, the hard part of the car purchasing is over. Now, head to your insurance provider to get the best quotes. It is better you get quotes at least from three-five insurance companies.

Visit the dealership

Now, it is time to visit the dealership with knowledge about the financing deals, current rebates and lease specials. These insights will help you draw a good deal from the dealership while negotiating its price. Now, it depends on you how smartly you can crack a deal with the salespersons at the dealership.

Last but not the least, while purchasing a car of your choice; forget not to inspect it thoroughly. A deal makes you complacent when you can have a great purchase that look your preference and wants to the fullest potential. Keep these crucial tips in mind while purchasing a car.