New Car Buying Tips To Guide You In Buying A New Car
Find more new car buying tips in this page. Before you got here, you've
learned that buying a car should be dictated more by your circumstances. Never visit any dealership on a whim. Impulse buying can be costly. And there can be other ways to buy a new car. Like buying from internet car sites such as CarsDirect.com. It's also great to buy from a third-party like your aunt or uncle and in doing so, there's a likelihood that they won't be acting just like dealers. Sometimes they would like to just unload a car to buy another. Just make sure that they do take
good care of their cars. Ask for a record of their scheduled car maintenance.
Now, the preparation is over and you're now actually ready to set foot in a dealership. If not, here's a checklist of new car buying tips:
1. Obtain a credit report. By law, you are allowed to request a free credit file disclosure, commonly called a credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax,Experian
and TransUnion. Go to this site to obtain a free credit report.
With this report, you'll find out whether you have late payments or if you are current but they won't give you your credit score.
For a few dollars more, get your credit score from Equifax
. You can also keep an eye on how you are doing with your credit and it can help you obtain a better loan, refinance your car and therefore save you money. Get Equifax score now
and keep tab on your credit.
If you just graduated from college, these new car buying tips will be helpful to you. You are new to your job (less than 6 months) and haven't yet established your credit, it might be best to wait to build your credit before applying for a car loan. If you applied for a car loan prematurely, one reason for rejection is that your income didn't meet the creditor's minimum requirement or you may not have worked at your current job long enough. Such problems with credit can be resolved with time. Either you could wait for a salary increase and then reapply, or simply apply to a different creditor. If you decide to reapply, it is best to wait at least 6 months before making each new application. This is because credit bureaus record each inquiry about you. And, some creditors may deny your applications if they think you are trying to open too many new accounts too quickly.
If your credit score is low, the table below illustrates why it's important to have a good credit when applying for a car loan. This site's new car buying tips should help you save hundreds, if not thousands of interest charges. If your credit score is 619 and below, the difference between the APR (Annual Percentage Rate) between it and the value next above it is more than 2 points.
If you have bad credit, there's a few sites out there that can help:
4. Get new car Extended Warranty quotes. After the manufacturer's warranty expires on your vehicle, you have nothing to protect yourself from expensive vehicle repairs. An extended auto warranty assures that parts, labor, and sales tax (if applicable) required for replacement or repair of covered parts in your vehicle will be paid. It's usually cheaper to get the Extended Auto Warranty online than to buy it at car dealerships.
A provider that is highly recommended is SmartAutoWarranty.com!
. Extended warranties cost less the earlier you buy them. The cost for a good warranty rises as your vehicle ages and accrues mileage. A provided that is highly recommended is SmartAutoWarranty.com!
covers much more than the manufacturer's warranty. A SmartAutoWarranty can extend you manufacturer warranty by up to 10 years and cover more than 1295 additional parts; most probably not covered by the manufacturer. SmartAutoWarranty.com provides you with over 30,000 repair facilities to choose from.
Hoping that these new car buying tips from this site that provides new car buying guide can equip you when you finally land on a car dealership lot.