Cars Live - Our New Car Reviews and Car Buying Resources Help You Make Informed Decisions - Cars Live.

These are the questions you should ask before buying a new or used car.

Buying a new or used car or truck is no small matter. The decision to make a purchase of this size shouldn’t be taken lightly. You’ll be sticking with your choice for at least a few years — so it’s important that you have all the information you can gather before you choose!

Here are answers to some of your most-asked questions about buying new vs. used cars.

How much can I afford?

Many financial institutions tell you to budget no more than 15 percent of your gross monthly income on your car payment. This goes for both new or used cars. Learning how to budget for your next vehicle will help you secure a new or used car or truck at a price you can afford.

Should I make a down payment?

Making a down payment at CarMax is not required, but it’s a smart move. Any amount you put down as a down payment will lower your monthly payment on a used car or truck you’ve chosen. A larger down payment means a lower monthly payment!

Can I sell my car to CarMax?

Absolutely, you can. Have questions about what your car is worth or how to increase the amount you’ll get for your vehicle? Here are six top appraisal questions we hear from customers, including what you’ll need to bring with you to an appraisal appointment.

What kind of car do I need?

If you’re thinking about adding a car, truck, or SUV to your household, gather information about makes and models you like, and read these car buying tips. If you’re rolling solo, you could look into sports cars or sedans; if you’re starting a family, a smaller SUV might make more sense. If your family is growing and you’re looking for a larger vehicle, consider cars and SUVs with third-row seats. If you’re budget-minded, take a look at some of the best used cars under $15,000.
Tips to Help You Decide on a New or Used Car
And check out these additional resources to refine your choices:

If you’re more focused on comfort and entertainment features, take a look at the latest features and cool 2017 trends you’ll find on newer cars and trucks.

Should I buy a new or used car?

This is a question that depends on your wants and needs. As you do your research, be aware of the ‘drive off the lot’ depreciation factor that comes with a new-car purchase. Regardless, purchasing a new car may be where you’ve set your sights. If you’re open to used cars, trucks, and SUVs, you have the option of driving a more luxurious, fully-optioned vehicle for the cost of a new car that has a comparatively lower trim level.
How much will my car depreciate?

Unless you’re in a position to score yourself a vintage Ferrari, your car, truck, or SUV is a depreciating asset — it’s likely going to lose its market value over time. There are some ways to minimize depreciation — one good way is to spend the time to maintain it, and keep it in top running condition. Don’t let small problems turn into big (read: more expensive) problems! Mileage is another big factor; if you plan to sell your car, keep an eye on the number of miles you put on it. Taking a long trip? Look into flight costs or train tickets and weigh them against your vehicle’s fuel and parking costs, plus tolls, before you hit the road.

How much does it cost to own a car?

Affordability is different for everyone. Check out our car payment calculator for an idea of what it costs to park a CarMax used car in your driveway. This estimate will include the average cost for title, tax, and tags in the state where you live.

Once you’ve addressed your purchasing costs, you can research what you might spend, on average, on annual repairs using a site like RepairPal. For a good idea of these upkeep costs, plug your vehicle into the RepairPal cost index estimator, which gives you a cost index for average repair and maintenance expenses.

Can I get financing?

Financing, or borrowing money to make a purchase, works differently depending on where you go to buy your car. At traditional dealerships, you negotiate the finance terms; there’s very little transparency here, and this can leave you with the feeling you’ve been taken advantage of.

When it comes to financing at CarMax, you’re in the driver’s seat — just like you are with every other touchpoint of your experience with us. Our financing is quick, transparent. When you’re ready to buy a used vehicle, you can check out our car financing process. We work with a number of nationally-recognized financing sources that can provide a variety of financing options. And, financing with CarMax also means you can replace ours with an offer from another financing source within three days of making your purchase, at no cost.

We hope these answers help you as you prepare to buy a new or used car. Happy hunting!

Cars Live - Our New Car Reviews and Car Buying Resources Help You Make Informed Decisions - Cars Live.

A car is normally most people’s second biggest investment after a house or flat or a piece of land. So when you decide to buy one, that decision has to be carefully thought out. 

In this day and age you cannot afford to make a mistake by buying what you don’t need. In this issue I want to look at what is practical and what makes sense when it comes to buying a vehicle.

While a buying car might appear to be a simple process it is more complex than it appears. A lot of men and women make daft decisions when it comes to buying a car. I am going to assist and make sure that the next time you buy a car you don’t buy a Porsche when what you really need is a Polo.

First of all, you need to be realistic and sensible. This may sound boring but after reading this and applying it you will realise that it was worth it. A car is just like an investment in a pair of Steve Madden heels. After wearing them for a few weeks they become boring despite the fact they cost US$200.

The scratches that develop make them less attractive and they appear worn out. My point is a car is not a good investment — period. You will spend rather than make money on a car.
Please Read These Tips On Buying A Car - You Will Be Glad You Read This
So the question you need to address is whether you need a new car or you hang onto your old on that takes you from A to B. If you need a new one then you need to have full knowledge of what you are buying.

Do not just buy a car because it is cute or because it has a lovely colour. There is no reason in buying a good-looking car that does not serve your purpose. You need to think like an accountant by making a clear and logical choice.

Establishing your needs is very important. Assuming that you have decided you need a new car, you have to sit down and figure out your requirement, thus narrowing down what you really want.

Do you have kids, pets or do you travel to the rural areas often where the roads are rugged and bumpy? These are some of the questions that will help you decide what sort of car to buy. For instance, if you have kids a two-door sports car is a no. You also need to sit down and draw up a shopping list just as you do when going to a supermarket.

Cars cost a whole lot more than a box of cereal, so you definitely don’t want to make mistakes.
You itemise everything from how much you want to spend to specific features that you want.

You then list the cars with all those features and fall in the same price range, after that you do a comparison of each and every car on your list to see which one satisfies or is closest to your budget and the features that you want.

It is also important to ask about financing options, maintenance plans, fuel consumption and insurance costs. Remember that maintenance plans rule all the time. When buying a brand new car take into account the warranty and service plan options.

Read between the lines and get the dealer to explain to you what it entails and how it works.
When deciding which dealership to buy from, you need to look at their reputation in service and vehicle delivery.

If they have failed many then you cannot bank on them. When you settle on the dealership to buy from, ask for a test drive.
Ask as many questions the sales person as possible during the drive. This will help and making a final decision. Product knowledge is very critical at this stage. Finally, when committing, read all the fine print just as you do with any other contract,.

Stay away from unnecessary add-ons because they tend to increase your bill drastically. Before signing on the dotted line, check out all the terms and conditions that apply.

Do no hesitate to ask for clarity on anything that you do not understand. Till next week, be confident when shopping, after all it’s your money. God bless you.

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