Buying a new vehicle can be an overwhelming and stressful experience at times. The questions of where to look, what kind to buy and how much to spend can take over your thoughts. Here at Honda of the Avenues, we want to make sure that our customers are some of the most informed and comfortable car buyers out there. To help with this process, we've compiled a list of the do's and don'ts to stick to when buying a new car, especially if you're a first-time buyer.
To begin, you'll need to know what your needs are when it comes to the type of vehicle you want. Do you need more room for cargo or more space for passengers? How about technological features? Deciding on the body style is important as well because then you can focus on a group of vehicles.
You'll have to do some research as to what makes and models are out there and available. It's always good to know this beforehand so you can plan your visit to the dealership accordingly.
Creating a budget can be one of the most challenging steps of the process. You may have found the vehicle that fits your lifestyle perfectly, but finding one that you can afford can sometimes be a bit more difficult. When buying a new vehicle, it's recommended to put about 20 percent down, limit the term to no more than 60 months and keep your monthly payment below 10 percent of your income. Plus, you'll want to make sure you factor in the regular cost of maintenance. Some cars cost more than others in the long run.
Negative equity can be a huge burden. The balance of your old loan may be consolidated into the new car's loan amount, meaning you could be paying the debt of two cars at the same time. Get ahead by researching what your trade may be worth.
Take your time with the test-drive to make sure you actually enjoy driving the car instead of just enjoying the feeling of riding in a new car. Ask questions, play with the various features and look around the vehicle. Make sure the car has enough space for everything you need.
If you'd like to learn more about buying a new car from us, please feel free to contact us directly or stop by our dealership at 11333 Philips Highway, Jacksonville, FL 32256 for a test-drive. We look forward to serving our customers from Jacksonville, FL, and throughout St. Augustine, Northeast Florida and the First Coast.Shop Now