in need of a new car?

In The Market for a New Car?

Here is What To Look For….

Presented by www.309finance.com

Are you in the market for a new car? Getting a new vehicle is a major financial decision.

Making an informed decision is important because it will save you time, trouble, and money!

This guide will help you choose a vehicle adapted to your needs and budget.

“Never spend your moneybefore you have it.”

- Thomas Jefferson

Ask Yourself These QuestionsHow many passengers will usually ride in my car? Do I need room

for car seats?

Will I be mostly driving on highways,

in a city setting, or need to drive off road?

Will I have to drive on ice and snow

throughout most of the winter?

How important is fuel economy to me?

How much space do I need to transport

groceries and other items?

How much space do I have to park my car?

Budgeting

A good rule of thumb is to try and keep your monthly

payments under 20% of your take-home pay for the month.

Limit your search to vehicles in this price range.

What Type of Vehicle Should I Get?

Sedan Hatchback SUV/Crossover

Coupe or Convertible

Station Wagon or Minivan

Truck

Other Considerations

Size: Family, ParkingFuel: Gas, Diesel, or

HybridDo I need a 4-wheel

drive?

"Don't let money run your life,let money help you run your life better."

- John Rampton

The Leasing Process

1

• Make your best deal.

• With good credit, your down payment, monthly payments, and total cost are all negotiable.

2• Make payments for the duration of the lease.

3• Once the term of the lease is up, return the car.

• You may have an option to choose a new vehicle and begin a new lease.

Meet These Requirements or Pay Penalties

• Drive a maximum of 10,000 or 15,000 miles each year.

• Penalty: 10-20 cents for each mile over limit

• At lease end, return the car in perfect condition.

• The dealer determines the extent of any damage.

• Finish your lease. Keep the car the whole term.

• Penalties for early turn-in can be waived if you upgrade with a new lease or purchase.

Tips for Making Your Best Deal

• Negotiate the price of the car first, before saying that you want to lease the car.

• Choose lease terms that best fit your budget.

• A large down payment = smaller monthly payments

• Choose a lease with a short duration.

• If you lease for longer than 3 years, the warranty will be up and you’re likely to need repairs, paid for out of your pocket.

"If you think nobody cares if you're alive, try missing a couple of car payments.”

- Earl Wilson

Important Considerations for Buying A Car

Purchasing is the better option if you want to customize your car or put more miles on it.

Purchasing is more affordable than leasing if you want to keep your car for at least several years.

Downside of financing: You’ll spend more than the car is worth when you pay interest and fees.

Upside: You can get financing even with bad credit.

Find Your Best Deal For Your Situation

Shop for loans before shopping for the car.

Choose the shortest loan term you can.

Make a down payment.

Avoid including loan fees in the loan balance.

Keep shopping loans. You can refinance fairly new vehicles at any time.

“It’s good to have money and the things that money can buy, but it's good, too, to check up

once in a while and make sure that you haven't lost the things that money can't buy."

-George Horace Lorimer

Get the Most for Your Trade-In

Determine the value of your car. Check the

Kelley Blue Book, online auctions, and ads.

Clean your car thoroughly.

Make minor repairs.

Get the Most for Your Trade-In

Provide complete record of maintenance

and repairs.Expect to negotiate.

Keep buying or leasing transactions separate

from the trade-in.

"If you would be wealthy,think of saving as well as getting.”

- Ben Franklin

Get a Good Used Car at a Fair Price

1

• Decide what features you want.

2

• Research desired cars. Get reviews. Compare prices.

3

• Shop different venues: classifieds, auctions, used car dealerships.

Get a Good Used Car at a Fair Price4

• Get maintenance and repair records.

5

• Obtain a history report through Carfaxor Autocheck.

6

• Talk to the seller. Ask questions. Avoid negotiating until you see the vehicle.

Get a Good Used Car at a Fair Price

7

• Test-drive the vehicle before making an offer.

8

• Take the vehicle to a certified mechanic.

9

• Expect to negotiate to get a lower price.

Get a Good Used Car at a Fair Price

10

• Stay safe. Meet in a public place to see the car.

11

• Ensure the title is clean.

12

• Trust your gut. Take the time you need to shop until you feel confident about the car.

Conclusion Purchasing a car is a very important decision. Be wise and

take time to do some research.

Compare your options, including leasing or applying for a loan.

Look into insurance quotes and maintenance costs since these expenses will affect your budget.

Find the best car for you, at the right price, and enjoy!

Presented by www.309finance.com