Thursday, April 24, 2014

New grads: 3 essential things to do before buying a new car

 
 
Establish a Budget
 
When coming up with a budget for your car, consider all your monthly costs including rent, bills and student loans. This will help you stay within the limits of what you can afford so you don’t get in over your head with payments. Setting realistic goals will help you manage other financial areas, too.
 
 
Take your Time
 
Don’t rush the process. Look at as many cars as you want and take notes (you should be a pro by now!) so you can remember all the important facts. Car and Driver advises you not to purchase your car on the first visit. Take at least a night to think about your decision. You’ll be driving this new car for several years – you should be comfortable and happy with your decision. 
 
 
Take a Test Drive
 
During your test drive, be sure to test the brakes and lights while driving on both slow roads and busy freeways. Don’t forget to check out the passenger seats. The more time you spend with a car during a test drive, the more accurate your evaluation will be.

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