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Clear & Simple Home > Singles > Buying a Car > So What'll it Be?
So What'll it Be?**
Alright, then. The next step might just be the most important one: what're you're going to buy?
Sounds like a simple question - after all, you already know how much you can spend, so you get the most expensive car you can, right?
Uh, no. There's actually a lot more to picking a car wisely. Here are some things to consider:
What do you need? Did you catch that last word? Need. Not want. Everybody wants a gorgeous little convertible, but not everyone needs it, especially on a budget. So ask yourself: What do you need?
- Where do you live? New York City? Then you can probably get away without four-wheel drive, and you might want something small enough to fit into tight spaces (and if you do live in NYC or another city with good public transportation, consider not buying a car). Jackson Hole, Wyoming? Well then, a 4x4 might not be a bad idea after all.
- Quality control: You can look at a car's paint job and its odometer, but neither will tell you how it's been treated. Get a car's VHR (Vehicle History Report) using the Vehicle Identification Number. It'll cost you about $10-$15, but you get a report on any major accidents that may have weakened the frame. You can start at places
like carfax.com  .
- More homework: Check the Kelley Blue Book value for any used car before you buy - that way you'll know roughly where the negotiation ought to begin. Ask the seller questions - What was the car used for? How'd you get that dent in the front bumper? Bring the car to a mechanic you trust, and consider subtracting even minor repairs from the price you'll pay for the car. Remember: it's a used car. If you're not being careful, you're being stupid.
**Content courtesy of Visa's What's My Score program. |
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