subject: What You Need To Know When Buying Your Dream Car [print this page] Studies show that 95% of Americans own a carStudies show that 95% of Americans own a car. Likewise, 95% of Americans travel to places using private cars. Owning a car is one of peoples greatest dreams. Hence, they immediately apply for a car loan after job promotion. Today, the number of private car owners in the US is continuously increasing.
In Orange County and LA, auto dealers sell two classes of cars. These are brand new models and secondhand cars. Brand new models are newly configured cars. Dealers obtain them from manufacturers. On the other hand, secondhand cars are used cars. The price of secondhand cars depends on usage duration, brand, model, and automotive feature.
Buying a car is an exciting yet tedious task. You must prepare appropriate documents and do a research about latest car models. Most importantly, you must arrange your finances before purchasing a car. If you are planning to buy your own car, here are some tips in buying the best car for you and your family.
Arrange Your Car Loan and Assess the Cars TMV
Your finances determine which models you can buy, so evaluate your current financial budget. Can you afford to buy a luxury car like a GMC Orange County model? Run a credit report and evaluate probable loan interest rates. Likewise, apply for a pre-approved loan. A pre-approved loan helps lower price and interest rate of cars. Review the TMV (true market value) of vehicles. A TMV is a good reference price during price negotiations. It also determines the value of a specific model vis--vis other car brands.
Evaluate Dealer Quotes
Compare dealer quotes for specific brands and models. Most car dealers have websites with a list of price quotations. Get the lowest price quote of the car, and then compare it to its TMV. Coordinate with the dealer and try to negotiate about the actual car price. You can create a counter-offer for expensive cars such as LA Buick model.
Review and Sign Purchase Contract
Read contract conditions for total sales price, down payment, length of contract, and other fees. Make sure that your personal information on the contract is correct. Arrange delivery options of your car. Luxury cars like LA Buick can be picked up in showrooms or delivered to your home. Check the overall condition of the car upon delivery.
by: Javier Cutts
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