Do's and Don'ts of Car Buying | Vestal NY | Serving Binghamton, Elmira & Ithaca

The Do's and Don'ts of Car Buying

Purchasing a new vehicle is an exciting experience. It's easy to get swept away by that new car smell, but having a plan will help you make the right decisions. That's why we've compiled a list of do's and dont's to help you through this decision.

1. Do Know Your Needs

In order to find the vehicle that best fits your lifestyle, you'll want to begin by choosing the body style of vehicle that best suits you; convertible, minivan, coupe, sedan, compact car, etc.

2. Do Research

Once you've determined the type of vehicle you best fits your needs, make a list of what's a deal breaker for you. Find out more information about various models and makes that give you all the amenities and features that you want out of a vehicle.

3. Do Know How Much You Can Afford

When you're buying a car, creating a budget to stick to can be the most difficult part. You may be picturing a car that fits all of your wants and needs, but when it comes to actually finding one that you can afford, it can be difficult. When purchasing a new vehicle, it's smart to put down about 20 percent, specify the term to no more than 60 months and try to keep your monthly payment below 10 percent of your income. Plus, you'll want to consider the cost of regular and unexpected maintenance. Some cars cost more than others overall.

4. Don't Trade In A Car That's Worth Less Than You Owe On It

Negative equity can be a major burden. The balance of your previous loan may be consolidated into the new car's loan amount, meaning you could be paying the debt of two cars in one, giant loan. Get ahead by researching what your trade might be worth.

5. Don't Rush Your Test-Drive

Take the time you need with the test-drive to make sure you actually love the car instead of just enjoying the feeling of being in a new car. Ask questions, play with the various features and look around the vehicle. Make sure the car has the space for everything you need.

If you have any questions about what you need to do before buying a new car or would like to test-drive any new cars, please feel free to contact us or stop by Serafini Nissan at 3101 Vestal Pkwy E, Vestal, NY 13850. We look forward to serving our customers from Vestal, NY, and throughout Binghamton, Elmira and Ithaca.

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