Buying A New Car Official

Use resources like Kelly Blue Book and Edmunds to find the invoice price (what the dealer paid) versus the Manufacturer’s Suggested Retail Price (MSRP). 2. Budget Beyond the Monthly Payment

In the finance office, you will likely be offered extended warranties, gap insurance, or undercoating. These are usually high-profit items for the dealership and may not be necessary. Review them carefully before agreeing. 7. Inspect Your New Vehicle buying a new car

Remember to account for sales tax, registration fees, title fees, and higher insurance premiums for new vehicles. 3. Get Pre-Approved Financing Use resources like Kelly Blue Book and Edmunds

A popular guideline is to put 20% down , finance for no more than three years , and keep your total monthly transportation costs (including insurance) under 8% of your gross monthly income . These are usually high-profit items for the dealership

Read every document carefully. Ensure the interest rate, term, and final price match what you agreed upon. 5 Things to Do After Buying a New Car 5 Things to Do After Buying a New Car - Totem Agencies

The Ultimate Guide to Buying a New Car: How to Drive Home Happy

Look up top safety picks from the NHTSA or IIHS .