By Quang Nguyen
Most people look forward to buy their first car and their first house. When buying car, people do not think carefully about the process. Here lies the issue, buying a car can be a difficult task and much of the simple steps are commonly overlooked.
First of all, you need to evaluate your current financial situation to find out how much you can afford in terms of whether you are going to finance the car or buy it outright. If you are buying a relatively new car, chances are you will have to finance the car and pay monthly payments.
New vs used is a common question people ask themselves when buying a car. You may be able to afford more car by going used but you know what to expect from the car when buying new. If you take the used route you are going to want to learn about the cars history. Carfax.com is a great site that provides the “medical history” of the car. It will let you know what the cars history has been like in terms of it being in the shop. You will need to know the title of the car. Usually, it is not a good idea to buy salvage title car even though it is very cheap.
In conclusion, you will need to budget yourself properly to ensure that you can afford the monthly payments if you chose to finance the car. You must also take into consideration the cost of insurance as well as put money aside for unexpected costs the car may incur. Maintaining your car can be as much as several thousands dollar each time. Gas can also costs as much as several hundreds dollar a month.