Golden rules to keep in mind while buying a car

Buying a car is a dream harbored by many but with rise in prices of all commodities it is becoming difficult day-by-day to turn this dream into reality. If you are a first timer in purchasing a car it’s better to educate yourself with every nitty gritty of car purchasing without jumping straight into the trap of the companies and the dealers.

Here are a few golden rules that you should keep in mind before opting for the car of your dreams-

·         Educate yourself and compare- Unlike in the older days gaining knowledge about anything is much simpler now courtesy the availability of every detail online. You no longer have to look for magazines or depend on advertisements to know about the vast range of possibilities that is available. All you have to do is sit on your pc or laptop and check out all your options. Go through the specifications and features of all possible cars you want to look into and narrow down your options. You can also base your decision on the reviews given by tech experts as well as other people who have bought the car before. Even if you are set on buying a particular car do not leave out a chance to compare with other cars and re-check by visiting multiple sites rather than taking your decision on the basis of only one review.  

·         Test Drive- No matter how elaborate the detailing is on the website you should ALWAYS go for a test drive for the same model that you intend on purchasing. Two versions of the same model also may seem alike but when you drive them they show dramatic difference in performance and handling character. You can go through as many specs as you want online but for purchase go to the showroom of your nearby dealer and go for a test drive of the car of your choice.

·         Budget- This is a major deciding factor for most people as buying a car is one of the major investments in people’s lives. If you are well off financially then you can always opt for a brand new car with new technology and modern gizmos but for those of you who are on a stringent budget it is better not to stretch your budget by leasing to get a high tech car. In such a case it is better to buy second hand used car while is still in top notch condition.  A lot of people tend to change their cars at regular intervals to opt for newer upgraded technology. Such cars are still brand new and one can buy used car of these sorts which puts lesser pressure on their wallets as well as gives them the fell of driving a new car.

·         Source of finance- Always have a proper plan for financing your car, be it a new one or a used car. If opting for loans make sure you are well acquainted with the terms and conditions. Do not fall into any trap that the dealers may set to fish out excess money from your pockets. Also no matter how persistent the dealer is you can always negotiate the price before signing the deal. Also do not forget to get your car insured during purchase.