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Biggest Mistakes When Buying a Car

 

Most people rely on their cars every day to get us to and from work, to transport children, and for pleasure. Making it one of the most important aspects of your life having a vehicle that is reliable, comfortable, and stylish is vital. It all sounds so easy in theory but with endless choices in combination with your wants and needs, it can lead to finding an affordable price tag challenging. But there are a few mistakes many people commonly make that can be avoided and save you money when purchasing your next vehicle.

First don’t think in terms of monthly payments, think about the overall price. Salespeople know that you are more than likely not coming in and writing a check for the full amount of the car you want. This is why the negotiation almost always revolves around how much you can afford to pay for the car each month. It may not seem like a big deal, but even a few extra percentage points or an additional year on the loan can add thousands of dollars to the total cost of the vehicle.

Also consider buying used not new. A vehicle is not an investment since they depreciate in value quickly. Buying new means you can expect a continuous decrease in value and about 25-40% decrease the first two years. Today Vegas used cars have longer warranties and extended warranties so you don’t have to worry about having nothing covered and having to pay for repairs out of pocket.

Make sure you choose a vehicle that best fits your needs and don’t get pressured into buying something that is unrealistic for you and your lifestyle. Sure, there are a lot of cars and trucks out there that will turn heads, but keep in mind that this will come at a premium. Las Vegas Jeep has tons of different options that can adequately fit any lifestyle, need, or want.

Always consider other costs. The actual cost of the vehicle is important, but what is often overlooked are all of the hidden long-term maintenance and insurance costs that go along with the vehicle. For instance, insurance costs usually increase with the value of the car, so a more expensive car will affect your insurance costs as well. This difference can be hundreds more per year. Also consider maintenance costs of luxury or performance models since they are usually more expensive and often times require specific parts not just standard replacements. Finally think about gas consumption; the average person will drive between 10,000 and 15,000 miles per year. A vehicle that gets an average of 30 miles per gallon with today’s gas prices, you can expect to spend between $1,000 and $1,500 per year on gas alone, in comparison a vehicle that only gets about 15 miles per gallon means you’re spending $2,000 and $3,000 each year.

These tips and more will help you save money when purchasing a new car and help you from making common mistakes. For more questions on purchasing a new or used car head to your Chrysler Jeep dealer.

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