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10 Things to Consider When Buying a Vehicle |
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1. Needs vs. Wants |
Create a list of features you have to have versus a list of features you would like to have. It's good to distinguish between what you can't live without and those extras that would be nice. |
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2. Option |
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Calculate pricing for options by both a la carte and package deals. If you only want one option in the package, it's probably cheaper to buy it by itself. |
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3. Resale Value |
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You probably won't keep the car forever, so it is worth
considering the resale value. |
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4. The Driving Experience |
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Calculate pricing for options by both a la carte and package deals. If you only want one option in the package, it's probably cheaper to buy it by itself. |
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5. Insurance Costs |
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Calculate pricing for options by both a la carte and package deals. If you only want one option in the package, it's probably cheaper to buy it by itself. |
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6. Fuel Efficiency |
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Although it's important, don't get too worked up about fuel efficiency. A vehicle rated 18 mpg combined compared to one that is 17/24 mpg only saves $122 each year according to fueleconomy.gov. |
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7. Safety Rating |
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Look up online to see how well a vehicle performed in a safety rating test, and then choose one with high results.
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8. Financing Rates |
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Work on building your credit score. A credit score of 720 or above will provide the best interest rates for car loans, a score of 620 and below result in much higher rates.
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9. Online Specials |
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Visit dealership websites or Facebook pages for internet specials or other promotions.
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10. Warranty |
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Choose a warranty that is useful to you. A warranty that covers both normal use and other things such as A/C, battery, etc. is ideal. |
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