Your old faithful vehicle has run its course and now it is time for you to take the next step and buy another car. Should you buy or lease something new? Or, should you purchase a used car? Consider these questions before making your way down to Tinley Park Car Dealers.
What do you need?
There is a difference between what you want in a car and what you actually need. You may want incredible horsepower coupled with the bells and whistles of the latest technology. What you may need, however, is a reliable vehicle to get you from Point A to Point B every day.
Future repairs should definitely be a factor if you are buying your next car. You want to get something that you can afford to fix so that you will not be the proud owner of a vehicle that sits in the garage while you find other ways to get to work. Consider frugality first when determining what you need out of a car. Perhaps you can add your desires later.
What is your budget?
Going into the car shopping experience with a clear picture of what you can afford to spend is the best way to get a good deal. Sales associates will often work with what you want to spend and help you reel things in when your budget is a bit too extended.
It is a good idea to establish a spending scale with monthly payments that do not exceed 15 percent of your monthly net income. You should also factor into insurance and fuel costs to get a better picture of your spending power.
Should you buy or lease?
Buying a vehicle certainly comes with its benefits. One significant advantage is your ownership of the vehicle upon completion of the payment plan. Leasing a car also has its perks. You are not tied to a five-year contract with a lease and most repairs are covered under the terms of your temporary agreement.
What will your next car look like? Stop by Hawk Ford of Oak Lawn today to find your beauty!
