The Do's and Don'ts of Car Buying

Buying a new car can be a thrilling process. However, it’s easy to become distracted by that new car smell and new technology features. At Spartan Toyota, we are providing a list of the do’s and don’ts of buying a new car. Keep reading to avoid the common mistakes made when purchasing a car so you can find the car that’s best for you.

1. Do Know Your Needs

To find the perfect vehicle for you, begin by deciding on the type of vehicle that is the best fit for your lifestyle, whether a convertible, minivan, sedan, coupe, compact car or other.

2. Do Research

Once you choose the type of vehicle you want, make a list of the most important features that you are looking for in a car. Research various makes and models that provide all the services and features best for you.

3. Do Know How Much You Can Afford

Budgeting can be the hardest part. You may have found perfect the perfect vehicle, but finding one in your desired price range can be a challenge. When purchasing a new vehicle, the best principle is to put approximately 20 percent down, to keep the term to no more than 60 months and to keep your monthly payment below 10 percent of your income. Also, don’t forget to consider the cost of maintenance since certain cars cost more than others.

4. Don't Trade In A Car That's Worth Less Than You Owe On It

Negative equity can weigh you down. The balance of your old loan might be lumped into the new car's loan amount, which means that you might have to pay the debt of both cars in a single, enormous loan. Find out what your trade may be worth before you make your purchase.

5. Don't Rush Your Test-Drive

When you test-drive a new vehicle, make sure that you actually enjoy the car instead of just enjoying the feeling of a new car. Ask plenty of questions, try out the various features and inspect the vehicle thoroughly. Make sure the car has enough storage space for all of your needs.

Interested in purchasing or leasing a new vehicle? Come visit us at Spartan Toyota at 5701 S. Pennsylvania Ave. Lansing, MI 48911. As always, we look forward to serving our customers from Lansing, MI, and throughout Williamston, DeWitt, Jackson, Brighton and Mount Pleasant.