How to Buy a New Car

Are you on the hunt for the perfect new vehicle that’ll elevate your Grand Island commutes? Whether you’re purchasing your first car, or simply upgrading, taking home a new automobile can be an exciting time. However, if you’ve had bad dealership experiences or you’re new to the car-buying process, it can be daunting to know where to start. Luckily, %di_name%% in Kearney is here to make sure that you enjoy a seamless and hassle-free buying experience. You probably have many questions regarding how to buy a new car or even when to buy a new car, and we’ve got answers! Read on to check out our tips on how and when to buy a new car.

When to Buy a New Car

Purchasing your next Hastings commuter vehicle is a big financial decision, so the best place to start in the car-buying journey is simply knowing whether or not it’s time to buy a new car. Here are some instances that will let you know if you’re due for an upgrade:

1. Is your car constantly breaking down, or do you often find yourself shelling out lots of cash for repairs? Over time, you’ll be paying more for maintenance in a year than you would be for a new car, so it’s best for your time and bank account to invest in something new.
2. If you’ve ever felt unsafe driving your car, this is a clear indication that it’s time for a new car. The last thing you want is to put your life, you passengers’ lives, and the lives of other drivers in harm’s way.
3. Has significant time passed since you bought your first car? Perhaps you have a growing family or significant lifestyle changes that demand an upgrade in your vehicle.
4. Is your vehicle failing emissions tests? Getting your car up to the right standards can be expensive, thus opting for a newer model may save you money in the long run.

How to Find the Perfect New Car

Now that you’ve decided it’s the right time to buy a new car, where do you go from here? A great place to start is setting your budget. How much can you afford to spend on a new vehicle? If you’re having trouble figuring out this amount, our finance experts will happily help you determine a budget and payment plan that works for your financial situation. Read on below to find out what comes next:

1. Narrow your search. You’ll need to take into account your driving habits, how much space you need for passengers and cargo, as well as any desired comfort or safety features. Once you’ve compiled a list of everything you’re looking for in a new car, start searching for models that meet your needs.
2. Select your top three models, then research their safety ratings, how reliable they are, how long they last, etc. If your schedule permits, test drive each model to learn how they can handle on Lexington roads.
3. Once you’ve made a final decision, conduct a local search to scope out your dealership options and request price quotes. You’ll also want to research what other shoppers have paid for that particular vehicle.
4. Are there any major holidays coming up? Holidays, such as Black Friday or Presidents Day, are great ways to secure a great deal on a new car.

Once you’ve completed the above process, it’s time to head to your dealership of choice to make it official!

How to Afford a New Car

After you’ve decided on the car that your want, it’s then time to take a closer look at your budget. While getting a new vehicle is exciting, it’s still important to factor in the cost and how that monthly payment will affect your income, in conjunction with your other debts. According to U.S. News, your car payment should not put your monthly debts — including credit cards, student loans, rent, etc. — over a third of your monthly income. When you purchase a new car, you should also consider these additional expenses:

• New Car Sales Tax: This tax is non-negotiable and is typically added to your car loan amount.
• Interest Rate: Your car’s interest rate will affect your monthly payments. If your rate is lower, then your monthly payment will be lower. If you have a higher credit score, you’ll be afforded a lower interest rate, while a lower credit score will result in a higher interest rate.
• Trade-in Value: Are you considering trading in your current vehicle for a brand new one?While most dealers will purchase the car from you and apply that amount to your new car, if you still owe money on your current vehicle, the dealership will tack that remaining cost onto the new vehicle price. You can use our value your trade tool to get an instant appraisal of your vehicle.

You can also take advantage of our other online tools like the finance application to get instant approval, as well as the payment calculator that will provide you with an estimate of your monthly payment.

Shop for a New Car with Midway Chrysler Dodge Jeep Ram in Kearney!

Now that you know how to buy a new car and when to buy a new car, browse our inventory to find the model that you want! From the Dodge Challenger to the Jeep Cherokee, we offer a range of vehicles for all lifestyles. When you’re ready, contact us to arrange a test drive, and don’t forget to browse our new vehicle specials to get a great deal on your new vehicle.