Do's and Don'ts of Car Buying

The Do's and Don'ts of Car Buying

Between the new car smell and the cutting-edge technology, buying a new car is very exciting. However, there are also many things you need to consider. Here at Morganton Honda, we want to help you avoid common mistakes that lead to buyer's regret. Check out our list of do's and don'ts to learn how to find the perfect vehicle at an affordable price.

1. Do Know Your Needs

The first step is to decide what kind of vehicle best fits your lifestyle: convertible, minivan, sedan, coupe, compact car, etc. You might need something with lots of space for your family, or maybe you prefer a sleek sports car.

2. Do Research

Create a list of what's important to you, whether that means advanced safety systems, great gas mileage or a cool moonroof. Then research various models and makes that come with the features and amenities you want.

3. Do Know How Much You Can Afford

Setting a budget is often the toughest part of car shopping. It's fairly simple to find a vehicle that meets your needs, but getting that dream car at an affordable price is more challenging. The most advantageous situation for a car loan is a 20 percent down payment, a monthly payment under 10 percent of your income and a term of no more than 60 months. You should also keep in mind that some cars have higher maintenance costs.

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

You don't want to have to deal with the burden of negative equity. The balance of your old loan may be combined with the new car's loan amount, forcing you to pay the debt of two cars in one enormous loan. The way to avoid this is to research what your trade may be worth.

5. Don't Rush Your Test-Drive

It's important to make sure that you enjoy how a car handles before buying it, so you should take your time during the test-drive. Check out both the interior and exterior. Ask questions, try out the features and see if the vehicle has enough room for everything you need.

Interested in purchasing or leasing a new vehicle? Come visit us at Morganton Honda at 1600 Burkemont Ave, Morganton, NC 28655. As always, we look forward to serving our customers from Morganton, NC, and throughout Hickory, Asheville and Marion.