So you've decided to buy a new vehicle. Seems straightforward enough, but wait...here are a number of steps involved and questions you should ask. Here's a handy list of steps to follow to ensure you get the vehicle that's right for you.
1) Brainstorm. Think of all the vehicles you're interested in and write them down. Now is the time to consider what you'll be using the vehicle for, commuting, work, family.
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The type of vehicle you purchase can affect your insurance costs. Ask your broker. |
2) Research. Use the Internet; ask friends, read consumer reports. Make notes on all the vehicles you're interested in, including; safety features, price, resale values, fuel consumption.
3) Cost. What exactly can you afford? Refer to your notes and see how much each vehicle you like costs, chances are you'll start narrowing down your choices here.
4) Lease or Buy. Leasing has become a popular option for many people.
5) Financing. Talk to your bank, or other financial institution. Determine what kind of financing will be available to you.
6) Visit and test. You should now have shortened your list of vehicles best suited to your needs. Now comes the really fun part...the test drives. First, find the nearest dealerships in your area, you can do this by checking the Yellow Pages or the Motor Dealer Standards Association of BC. Second, take each vehicle for a thorough test drive and take many notes so you can refer back.
7) Negotiate. You've done you're research and you're ready to buy. You have the power of knowledge to your advantage. Make sure you get the features and warranty you want included in the final price.
8) Possession. Once you take possession of your vehicle, before you drive away make sure you do a thorough check that everything is in order. Was the detail work done, is the spare tire where it's supposed to be?
9) Enjoy! Now's the time you've been waiting for. Get out and enjoy your new purchase and rest easy that you have done all the research and got a vehicle that is right for you. Make sure you keep up the maintenance and stay safe on the roads! Check out On the Road for more information.
