Buying a car is typically the second most expensive purchase someone makes, next to buying a home. Making such a large financial decision in a weekend will increase the chances you’ll be unhappy with your purchase in the long run. Glenn Automall is here to offer a few simple test drive tips to help you buy the right car and get the most out of your car buying experience.
- Determine your budget
A good rule of thumb is to budget no more than 25% of your monthly household income for all the cars in your household. The calculation should include your monthly auto loan payment as well as operating costs such as fuel and car insurance.
- Narrow your list to a few cars
Start with research, Visit the automaker websites and independent auto information sites to assess the cars’ features and get an idea of inventory available in your area
- Decide if you’re buying new or used, or leasing
Regardless of your budget, you can find good choices for new cars that you can buy or lease, certified pre-owned cars or used cars. You should decide what option works best for your situation since there are trade-offs with each option.
- Determine your overall ownership costs
Auto research websites like Edmunds.com and Cars.com will help you with a general overview of the ownership costs for your area, but remember that these numbers will vary depending on your personal situation.
- Don’t rush the test drive
Now that you’ve done all your research, you are ready to visit the dealership for a test-drive. Call in advance to make an appointment for a test-drive with the Internet or fleet manager.