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

The do's and don'ts of buying a used car
Used car lot

The Do's and Don'ts of Car Buying

It can be exciting when it comes time to buy a new car. Between that new car smell and the up-to-date technology, it can be easy to get swept up in it all. That's why here at Serafini Nissan, we wanted to create a list of some do's and don'ts when it comes time to purchase a new car. Keep reading to find out more!

  1. Do Know Your Needs

    To find the right vehicle for you, you should start by knowing what type of vehicle best suits your lifestyle. For example, if you have kids, a minivan might be a better fit.
  2. Do Research

    Once you've decided what style of vehicle you want, you should make a list of features that are important to you. Research different makes and models that offer all the amenities and features that you're looking for.
  3. Do Know How Much You Can Afford

    One of the hardest parts is creating a budget. Maybe you found the perfect vehicle that fits you and your lifestyle, but finding one that you can afford can be difficult. When buying a new vehicle, a good idea is to put about 20 percent down, limit the term to no more than 60 months and keep your monthly payment below 10 percent of your income. Also, you should make sure you factor in the cost of maintenance, as some cars cost more than others.
  4. Don't Trade In A Car That's Worth Less Than You Owe On It

    You know what can be a burden? Negative equity, which is when your vehicle is worth less than what you owe on it. Your old loan can be consolidated into the new car's loan amount, which means you could pay the debt of two vehicles in one, huge loan. Get ahead by researching the potential worth of your trade.
  5. Don't Rush Your Test-Drive

    When it comes to the test-drive, take your time and make sure you enjoy the car (and not just the feeling of a new car). Be sure to ask questions, play with the different features and look around the car. Ensure the vehicle has enough space for all your needs.

Interested in purchasing or leasing a new vehicle? Come visit us at Serafini Nissan at 3101 Vestal Parkway E, Vestal, NY 13850. As always, we look forward to serving our customers from Vestal, NY, and throughout Binghamton, Elmira and Ithaca.