Buying the first car is one of the stages of life that generates emotions of all kinds. On the one hand, we feel happy and excited about the achievement of being able to acquire our own vehicle, but on the other hand, it makes us nervous and worried about making the right purchase.
We are all afraid of making a mistake and making a bad investment that we later regret.
That is why we must carefully plan what car we want to buy, taking advantage of the resources we have available. The more attention we pay to details and the better we manage the time we spend on the purchase, the greater the chances of carrying out a successful operation that leaves us with a smile on our lips and the feeling of fulfillment that comes from knowing that we did something right.
New or used car?
The first thing we must decide is whether we want to buy a new car (from faragomotors) or a used vehicle.
This first decision will depend not only on the budget we have allocated for the purchase, but also on what we are looking for: functionality, long-term investment, savings, fulfilling a whim, having a guarantee that it will not break down, and so on.
If you decide on a new car
Search and compare to get the best possible price; compare models and prices in advertisements and various dealerships.
Be prepared to negotiate the price of the vehicle. Some dealerships may be willing to negotiate on their profit margin in October, as that is when next year’s models come out. This margin is often between ten and twenty percent.
You can save money by negotiating the price since this is a factor considered in the dealer’s calculations — regardless of whether you pay cash or with financing — which also affects the amount of your monthly installments.
If the dealership doesn’t have the car you want, consider ordering it. This can lead to a delay in delivery, however dealers often want to sell their inventory quickly. So if the dealer has a car that meets your needs, you may be in a position to negotiate a convenient deal.
Dealers sometimes offer a very low rate of financing for specific cars or models, but they may not be willing to negotiate the price for them. It is likely that in order to benefit from the special interest rates, they will require you to pay a large advance. Under these conditions, you may find that it is sometimes more convenient to pay higher finance charges on a lower priced car or to purchase a car that requires a lower down payment.
Before signing a purchase or financing contract, consider the terms of the financing and assess whether it is within your budget. Before leaving the dealership or dealership driving your new car be sure to take a copy of the contract signed by you and the dealership with you and make sure all blank boxes have been filled in.
Many people choose a new car simply because of the smell of new. This does not literally mean that we want to brand new just because it smells good, rather the expression refers to the fact that the agency car is completely impeccable, brand new and we are absolutely certain that it is in perfect condition, just as it left the factory. In a car of the year, out of the dealership, we can afford to choose the exterior color (sometimes also the interior) and to select certain elements of equipment to taste.
All of these reasons are completely valid and understandable. However, it is important not to lose sight of the fact that when we leave the agency, the price of our new car will devalue by approximately thirty percent, depending on the brand and its commercial demand.
If you decide on a used car
Given this perspective, many people choose to buy a used car, either from private to private, in a car lot or in the same agency, in the section of pre-owned cars.
Know the value of the vehicle. Prior to your purchase, research the net value of the car you want to purchase, this can be done in newspapers, specialized guides, insurance companies and Internet portals. Vehicle condition, mileage, age, trim levels, and the region of the country are all factors that affect the value of the vehicle. You need to consider these factors when negotiating with the seller.
Research the vehicle’s history. Ask the seller for details about the previous owners, as well as the use and maintenance the vehicle has received.
Check that the door and bumper joints are even and straight, as well as those of the hood and trunk. Otherwise, it is likely that you have suffered a blow.
Bring a magnet to all metal parts, if the magnet does not stick, the part has likely been filled to cover rust or damage.
The color of the paint has to be uniform.
Examine the inside of the trunk, behind the wheels, and under the hood, looking for any damage to the bodywork that may be hidden from the naked eye.
Look under the car on the chassis, if you see welded joints it has probably been repaired after an accident.
Check the interiors. Check that the upholstery and dashboard are in good condition; easy adjustment of the seats and proper electrical system and dash gauges. If the carpet smells musty or there are signs of standing water, it has probably been flooded and may have suffered damage to different parts of the body.
Check for signs of oil or fuel leaks or loose cables, this usually means that the vehicle has been poorly maintained.
Make sure the engine starts easily on the first try, and pay attention to unusual noises such as rattling, metallic sounds, or high-pitched squeaks, as this could mean engine damage, which can be very costly to repair.
Start it up and make sure the engine isn’t lacking power and runs smoothly.
Brakes at different times and at different speeds, so you will know if the vehicle reacts on time and properly.
One of the ways to buy a used car is from private to private we can usually get a more accessible price; but we risk possible fraud (in the papers of the car or in its condition). This purchase option has a better chance of success when we know the mechanics well and we know what elements to check to ensure that everything is in order; Or, we have enough time to take it for a review in a specialized workshop we trust before buying and at the same time investigate that the car is not stolen or has not been reported in an illegal act.
When we buy from a car lot, the price generally goes up, although the chances of fraud also decrease, because lot owners often research cars before buying them for resale. If we choose this option it is important that we are sure that it is a serious and well established place, with a certain prestige and clientele; that is to say, that it is not a place that is going to disappear overnight.
Perhaps the best option to buy a used car is to do it in the pre – owned section of a car dealer. Vehicles offered as pre-owned typically cost five to ten percent more than retail, but come with a number of warranties. The agency is in charge of investigating, before buying them, that they are not stolen, that they are in good condition both of the motor and of the electrical services and that they have all the documents in order. On many occasions, these vehicles still have the factory warranty from the dealer and we could say that they almost smell like new.
Five points to take into account
Be very clear about what budget you have. If you are going to buy a car on credit, make sure it is within your ability to pay. Do not get carried away by emotion. Keep it real.
Think about what you need it for: if you want it to go alone or if you have a large family; if what matters to you is the interior space or the trunk, and so on.
If you are interested in power or performance. If you want it to move mainly in the city it will not matter much that it has a powerful engine, that can accelerate and respond quickly, but rather that its engine is economical and that it uses little gasoline.
Compare the relationship between what it offers and what it costs.
Investigate, either in specialized magazines or by asking users directly, how good this or that model has turned out.
We recommend that you use the chart below to help you compare your options before purchasing. In the spaces that say brand, you should put the cars that interest you or attract your attention. To fill out the other sections, you can consult the technical sheets that are available on the web pages of the car agencies or consult the user manual (in case you are buying from private to private).