(Posted on Feb 17, 2017 at 09:55AM by Laurel Steele)
Buying a used car can be frustrating. Okay, let’s be serious, investing a lot of your money in anything is undeniably stressful. You want to be sure that your new-to-you car has everything you need in a vehicle, but also fits into your budget. It’s a precarious balance that’s hard to find. Luckily, the folks at KBB.com offer some great tips for you to get started.
First things first, establish your budget. If you make a commitment to yourself that you can’t spend more than $10,000, it’ll keep you from beelining to the $25K sports coupe at the used car lot.
If money is tight for you at the moment but a new car is an urgent necessity, consider establishing a loan deal with the dealership. You can easily reach an agreement on monthly payments that works for you. If you opt for the loan, it’s imperative that you also establish a reasonable monthly budget with yourself before moving forward.
When putting your budget together, remember to consider other expenses like registration, title, tax, and insurance. Ownership costs are not something to be pushed to the back of your mind, as they can add up to around 10 percent of what you paid for your car.
Don’t be afraid to shop around for different insurance plans. These days, it’s incredibly simple to get an online quote and compare various companies. Also, keep in mind that certain insurance plans will be more expensive for convertibles and sports cars.
While establishing your budget, think about getting an extended warranty plan with the dealership. This will cover a range of services and repairs, which will save you an incredible amount of stress and money.
Still feeling a bit overwhelmed? At Sound Ford in Seattle, Washington we have used vehicles to suit every budget and palate. Check out our extensive online inventory of pre-owned vehicles, which includes automakers like BMW, Toyota, Ford, Dodge, Jeep, and more.