Are you in the market for a new car? Maybe even a new Nissan? You are in luck. We know how complicated the car buying experience can be, so we’re here to help. The most important question to ask yourself when buying a car is “How much can I afford?” Whether you have decided on a new or used car, having a set budget is the best way to prevent buyer’s remorse. Here are more important questions to ask yourself before buying a car:
1. Did I Do Enough Research?
Thanks to the internet, researching a car has never been easier. You can go online and view different models and specs to find your ideal car. Here are a few ideas of factors to consider when researching:
- Different prices
- Fuel efficiency
- Interior features
- Safety features
When researching for a new car, be sure to consider the source of the information you are accessing. Buying from a fair, cooperative dealer will save you money and headaches down the road.
2. Am I Buying New or Used?
Are your eyes set on the Maxima? Driving a new 2014 Nissan Maxima is certainly exciting, but settling for a gently used 2012 Maxima is a good alternative. Deciding whether to buy new or used isn’t always easy. However, settling for an older model of the same car can save you money. The reasoning behind buying new or used is not the same for everyone. Your decision should be based on your budget and lifestyle. Are you looking for that pristine look and new car smell, or does student loan debt take first priority? That’s for you to decide.
3. Is my Budget Well Planned?
Be sure to consider all your financial responsibilities when coming up with a budget. Besides the sticker price, you should also factor in the registration, title, tags and license fees, and sales tax. Also, consider your monthly bills such as rent or mortgage; this will help you figure out what suits your budget. Lastly, consider your old Nissan Altima; will you be trading in? You can use a variety of online trade in tools to help you get an idea of how much your trade-in might be worth. This is a great way to compare industry standards and get an idea of what you can expect to get for your trade.
4. What Is My Credit Score?
When buying a new car from a dealership, having a steady credit score will work in your favor. Whether you are buying new or used, getting approved for financing from a dealership is determined by your credit history. Check your credit score before heading to the lot. This will give you a better idea of what to expect from lenders. Also, decide whether you want to get financing through the dealership or an auto loan through your bank. Keep in mind, manufacturers typically offer low percentage interest loans based on new car promotions.
5. Does It Suit My Lifestyle?
Are you always on the road? Do you have a big family of five? These are some of the questions to ask yourself when considering the model and make of the car your choice. Finding a great value on that Nissan Versa is tempting, but will there be enough space for your three kids and the dog? If not you might want to consider the Nissan Rogue. If you are always on the road, you’ll want a car that is fuel efficient and reliable. Be sure to check out the features and specs of the car you are considering. Remember to keep your eye towards the goal by keeping your budget in mind, and sticking with the options that best suit your lifestyle.
Need help with your finances? Visit our Finance Center at Melloy Nissan and make your car buying decision a little easier. Melloy Nissan is a new and used car dealership serving Albuquerque, New Mexico, and the surrounding areas. Pay us a visit at 7707 Lomas Blvd. N.E., Albuquerque, NM 87110.