Wednesday, October 12, 2011

Tips for first time car buyers.







 First time buyers, Attention!

(a) Your first car- new or used?

Better to buy pre-owned car, or new car?

First time car buyers have a choice of buying a brand new car, or buying a used car. Which is better?
There are advantages and disadvantages to either choice. Most people would rather have a brand new car with its new-car smell and latest style, but there are reasons that a new car might not be the best choice.

Advantages of buying new
  • You get a brand new car with new -car feel and smell.
  • You get the latest style and technology.
  • You get a full manufacturer's warranty.
  • You get Lemon Law protection.
  • You get the latest safety equipment.
  • You get lowest loan interest rates, if you qualify.
  • You get the option to lease.
  • You may get special manufacturer -sponsored pricing and financing. 
 (b) A basic checklist for first time car buyers

Buying your first car can be a wonderful experience- provided you don't encounter many missteps during the process, of course. To avoid missteps, follow this basic checklist for every Dodge, Jeep, or Chrysler car buyer to follow:

(1) Determine your purpose:

What's really important to you? Cargo room, safety features, a cutting-edge sound system? Make a list of what you really want out of a car.Write everything down without second-guesting or censoring yourself. Once you have that list move on to the next step.

(2) Gather information: 

Look for cars with all of the feathers you want, from Dodge to Jeep or anything in between. This is the point when you start crossing off the items you don't really need and figuring out which ones you honestly cannot live without. Once you've cut out every feature that is outside of your budget and not absolutely necessary, you're ready to move on.
(3) Solidify your budget: 

Now that you have a good idea of what you need out of a car, it's time to solidify your budget. You might think this should be the first step of the process, but it you are a first-time buyer, then you may not have a very good grasp of how much vehicles cost; a little preliminary research is necessary. You've done your research, so now it's time to ask yourself what you can really afford. Be completely realistic. You don't want to wreck your credit.

(4) Choose your car brand: What is the best car?

I see this question being asked frequently. "What is the best car to buy?" Of course, the real answer as to what is the best car can vary, depending on your own personal needs, preferences and finances. Some people place a great deal of importance on reliability. Others might think safety or cost is more important.And others might feel that the best car should have great looks and high performance. Many people believe that to get the best car, you must spend a lot of money- that the best cars are the most expensive -and some of the most of the expensive
cars are the least reliable and the least efficient.
One of the best automobiles, overall, is the Honda Civic . why? Because it has the most perfect combination of all the factors that most car buyers look for- cost, fuel efficiency, reliability, cost of operation, cost of insurance, style, performance, resale value, riding comfort, luxury features, and handling.

(5) Find local dealers: 

In this step, you should search the local dealers of your region.You should also compare the prices and seek after sale services and warranty.With your new budget in mind, start searching for cars that have your necessities and won't cost a pretty penny. You may already have a few Chrysler or Jeep models in mind from your first search, but if you don't, then don't worry. You'll find something great.

(c) Is auto insurance really necessary? Why do you need it?

Since car insurance is so expensive, particularly for teenagers and other young drivers, it's natural that this question should come up frequently for first time car buyers. You need insurance on your car to protect you from the risk of disastrous financial problems resulting from accidents, personal injury and property damage, and loss by theft, fire, or natural disasters.It may seem pointless to spend so much money on something you may never need.But if you ever need it, you'll be really happy you have it.
It's temping to believe that you don't need insurance because you are a safe driver and will never cause an accident.

However, Other people can involve you in an accident that is not your fault. If the other driver doesn't have sufficient car insurance, your own insurance will take over and pay your repair bills and medical expenses.You might avoid insurance if you had enough money to cover such problems on your own.  This is called “self-insurance.” However, self-insurance is not legally sufficient in most states and is not practical for most people. Financial responsibility laws in all states (except Wisconsin and New Hampshire) require automobile insurance coverage. The laws specify the type of insurance that is required and the minimum level of coverage. In most cases, liability insurance – bodily injury and property damage – is required, to help protect drivers from the financial risks of injury and damage caused to others in accidents. Other coverage may be required as well. The Insurance Information Institute publishes a table showing auto insurance requirements for all states.

If you purchase only the minimum insurance required in your state, you may be seriously under-insured. Many of these laws were put in place years ago and the mandated coverage amounts don’t reflect today’s higher accident costs. For example, some states require only “10/20/10″ liability coverage. This means the insurance only pays up to $10,000 for bodily injury to a single person in an accident, $20,000 for all persons, and up to $10,000 for property damages
Medical costs for someone seriously injured in a car accident can easily exceed $10,000. Damages to  an expensive luxury car can easily exceed $10,000. You can be held personally responsible for any costs above that which is covered by your insurance. Therefore, you should consider increasing your liability limits to a minimum of $100,000 for a single person and $300,000 for multiple persons.

(d) What if I drive without auto insurance?

If you drive without insurance, you are violating the law. You can be fined, arrested, jailed, your vehicle impounded, or your license revoked/suspended, depending on the laws in your state.If you have an accident and damage or destroy your own vehicle, the cost of repair or replacement is completely on you. If you cause an accident and injure other people or damage their property, you are subject to being sued. Don’t drive without car insurance.You can get free auto insurance quotes from who works with all the major insurance companies to help you find the one that has the best rates for you. You are not obligated to accept any offer.

(e)Auto Loan Tip for First Time Auto Buyers

It is my suggestion to you to compare all the rates and also give importance to terms and conditions. The period of the loan should be given importance as well; the shorter the loan the better for you because it will be economical in the long run. They might tempt you into getting a longer period because a long term auto loan would also come with extra interest rates. But, if you force them then they will have to agree with you and give you a short term first auto loans. Examine your options and then select the best first auto loan based on your credit score and financial situation.


You've just bought your first car! If you purchased the car from a private seller, you'll need to take a few more steps. Take all of your paperwork to your DMV to handle the titling and registration process.
However, if you purchased it from a dealership, all of the paperwork has been handled for you, and you'll probably need to make few, if any, trips to the DMV. You'll be given a temporary license plate to use until your permanent one arrives.






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