Key Factors To Consider When Buying A New Car

Buying a new car can be a rewarding experience – after all, there is nothing like that new car smell and the thrill of getting your new vehicle out on the road for the first time. However, it’s also a worrying time. How do you know that you have made the right choice, and were you even looking at the right factors when you made your decision? You may take things such as size, gas mileage and headroom into account, but what are the other things that you need to look at before you make up your mind? 

One of the most important things to investigate is the potential resale value of the vehicle. Depending on the manufacturer and model, this can vary widely. Remember that the real cost of a vehicle is the difference between its initial sales price and its resale price – not what you pay for it up front. It’s also important to relate this back to where you live, since resale prices for exactly the same model and year can vary from state to state. For example, if you live in Connecticut and are thinking of buying a Ford Explorer, you need to find out what the Explorer resale value is, not just the national average.

Another major consideration is insurance. Insurance rates are going to vary widely depending on the type of vehicle you purchase. In addition to the value of the vehicle, the cost of insurance takes into account things like the safety record of the model you are purchasing, as well as its performance – for example, sports cars are generally much more expensive to insure than family sedans. The performance of the vehicle is particularly important when it comes to insuring young drivers – for instance, your teenage son or daughter – or drivers who have only recently acquired their license. In fact, insurance can be prohibitively expensive for young drivers unless they choose a less powerful car.

Safety should also matter to you – particularly if you are going to take your children in your new vehicle. Again, different makes and models have very different safety ratings, and these can even vary by the type of collision that the vehicle experiences. A good way of knowing how safe your new vehicle is going to be is by looking at the 5-star ratings on . This site is run by the National Highway Traffic Safety Administration, and contains comprehensive safety recommendations based on testing carried out by the agency on different vehicles.

Finally, look for online reviews of the model you are thinking of buying. Check for any complaints about the current model year, and also look back through previous years – this will help you to spot problems that can show up later in the car’s life. Remember that even if your vehicle has a substantial warranty, you still are going to have the inconvenience of taking your car back to the dealer if it has problems. Significant maintenance problems can also reduce the resale value of your vehicle.

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