Everyone dreams to have a tempting car right after owning a house. But, with every passing day when your house gains in value your car will lose value and turns out to be a junk material within brief period of time. It will lose its shine and luster turning into a junk material where everything from metal body to, plastic and every-little upholstery deteriorates in quality. Naturally, its value will drop slowly but surely. Therefore, you better not spend too much on your much cherished car and with following tips you can save your money quite considerably.
1. It is profitable to buy the used ones
Cars lose their value quite drastically and when you are seeing a car having price not less than $20,000, in no time you will find that same car being sold for $16,000 and within 3 years you will be having the same car for less than $12,000. Now this is the practical scenario and with every little innovation, your dream car will drop down in price. So if you can wait then within two to three years you will be having a car an year old at much cheaper price. If you are interested then Edmunds has a whole list of such vehicles.
2. Authentic homework
You must not venture out without having done a genuine homework. Homework is must as buying car is no less important that appearing for summative exam. Homework here is comprised of researching, broad surveying, making a thorough report and then go according to it. You will find varying available options. While seeking reliable platform, you can always start with Edmunds or KBB. But they are not the ultimate destination. You must carry on searching with all your options. You will get to know what cars are in demand and what comes in your budget. Since prices will be explicitly given there.
You can go for online ads also have a look at Cruise Craigslist to get an immaculate idea of the prices prevalent in your area. You must make sure that you are dealing with the right dealer, his authenticity you must evaluate and then get into proper deal.
3. Conduct bona fide comparison
Although, in the first place it might appear silly and meaningless but do not go for general comparison rather go for particular associations like comparing orange with orange while you are venturing out. If you think if you are buying a sedan, all sedans are same and there is no difference then you are utterly wrong. You must not make any mistake and if you are thinking of buying Ford Ikon go for it and don’t pick Mitsubishi Lancer as it is also a sedan and coming for inexpensive price. You may get a good price but still think thousand times right before making any negotiation.
4. No Need for monthly payment
Often expensive cars are given on installments. It is seen often that a dazzling new SUV is kept at a high street store with a price tag, which is incredibly unbelievable. You may have thought of buying to see that bargain price which fits snugly into your budget but have you ever considered that it is not the full price but just an installment amount they are showing. With used car you do not have to pay reasonable payments for an unreasonable length of time.