How to Buy a New Car

Searching for that perfect new car for your Parker commutes, weekly errands, or weekend getaways to your favorite fishing or camping spot? Buying a new vehicle is an exciting time. But as you dig deeper, it may not feel that way to you for several reasons.

Whether you’re frustrated with poor dealership experiences in the past or just don’t know where to start, many car shoppers find themselves soured when they finally drive off the lot with a new vehicle.

Fortunately, the team at Anderson Chrysler is here for you with tips on how and when to buy a new car. We’d love to put you behind the wheel of a new vehicle to put in your Parker garage. Read on to learn more!

When to Buy a New Car

Buying a new car is no small financial decision. You should start by simply understanding whether it’s the right time to buy a new car.

If any of these apply to you, it might be time to take the leap and invest in a new vehicle.

1. You constantly find yourself paying for expensive repairs. These repairs impact both your wallet and your time. The time you waste on car repairs could be put to more profitable pursuits. At some point, you’ll be paying more for repairs in a year than you would for payments with a brand-new car.
2. You feel unsafe driving your current car. Need we say more? The last thing you want is to get in an accident, which could hurt you, your family, or another driver. Accidents could also lead to higher insurance costs. If you’ve ever questioned your car’s safety, it’s time to say farewell.
3. Perhaps you were a bachelor or bachelorette when you first bought your current car. But now, congratulations, you find yourself married with a baby on the way! Your growing family may need something larger and roomier, such as a Jeep Cherokee with advanced safety features.
4. Is your car failing emissions tests? Getting it up to spec can be costly. Opting for a newer model, even a hybrid or an all-electric one, may save you money in the long run.

How to Find Your Ideal New Car

You’ve decided the time is right to buy a new car! Congratulations! But where do you begin? A good place to start is to set a budget and stick to it. If you need assistance, our finance center is happy to help you find a budget and payment plan that works.

Take a look at our step-by-step guide as to what comes next:

1. Narrow your search. Consider your driving habits, cargo space requirements, and desired technology and safety features. Start searching for models that meet these requirements.
2. Pick your top three models, then research your top choices’ safety ratings, reliability, lifespan, and warranties. If you have the time, take a test drive in each model to learn how they handle on Kingman streets and highways.
3. When you’ve decided on a final choice, look for the best dealership options and request price quotes. Research what other shoppers have paid for their new vehicles.
4. Take into consideration any upcoming sale weekends or holidays that might come with really good deals. Think Black Friday, Presidents Day, or Independence Day.
5. Head to your dealership of choice to make it official when you buy a new car!

How to Pay for a New Car

You’ve decided on the car you want. Now, it’s time to examine your budget. How much can you afford to spend on a car? Getting a new car is exciting. However, it’s important to factor in the cost of the vehicle in conjunction with your other debts and your current budget According to U.S. News, your car payment should not put your monthly debts, including credit cards, student loans, and rent or mortgage, over one-third of your monthly income.

When you purchase a new car, you should also keep in mind these additional costs aside from the price:

• Sales Tax: This tax is non-negotiable and is typically added to your car loan amount. Sales tax can change from state to state and city to city.
• Interest Rate: Your car loan’s interest rate will also impact your monthly payments. If your rate is lower, then your monthly payment will be lower. However, it’s important to understand that lower interest rates typically happen with better credit scores and better credit histories. If you have less-than-ideal credit, you may have a higher interest rate.
• Trade-In Value: If you currently own a car, you can trade it in for the new one you want. Many dealers will purchase the car from you and apply that amount to your new car. But if you still owe money on your current vehicle, the dealership will put that remaining balance into the new vehicle price. Our online value your trade tool can give you an instant appraisal of your current vehicle to give you a good estimate of what you could get.

Feel free to contact our finance department. We’ll help you determine what kind of vehicle fits your budget. You can also utilize our online tools, like the finance application, to get instant approval, as well as the payment calculator to give you an estimate of what your new car’s monthly payments could be.

Test Drive a New Vehicle Today!

We’ve got lots of great new vehicles in stock now at Anderson Chrysler. Contact us or call 928-764-0457 to schedule a test drive. We’re happy to help in any way we can!