What Should I Do Before I Buy A New Car?
What Should I Do Before I Buy A New Car?
Purchasing a new vehicle is a big investment, so you definitely don’t want to make any rash decisions. That’s why our team at the Karl Malone Auto Group has compiled a checklist you can follow so that you’re fully prepared. Read on to learn more.
Get Pre-Approved
The very first step before you purchase a new car is to get pre-approved for credit. This pre-approval process will determine your spending power, which is crucial information to have when you create your budget. Our financial teams at the Karl Malone Auto Group highly suggest that you place 20 percent down, limit your loan term to no more than 60 months and maintain your monthly payments below 10 percent of your monthly income. All of these numbers can vary depending on your credit score and history. Also, don’t forget to account for annual maintenance costs and insurance when calculating.
Research
After you get pre-approved and develop your budget, you can now start conducting thorough research. You can do this in a variety of ways like visiting manufacturers’ websites, scrolling through our inventory or looking through third-party sites like Kelley Blue Book® and Edmunds. Feel free to browse through all three! The more information you collect the better. Compare pricing, compile a list of your must-have features and look up awards and safety ratings for the models you have your eye on. Consider the body style that fits your lifestyle and stick to it as your standard.
Value Your Trade
When you trade in your current model for a new ride, you could potentially save big! Explore our trade locations to see where you can bring your vehicle to us. We’ll be happy to take your current car off your hands and provide you with the new or used car of your dreams.
Test-Drive
A test drive is a sure way to boost your confidence in the vehicle you’re considering purchasing or leasing. After all, you use your car every day, so you want to make sure it’s the perfect fit. This is your opportunity to test out all of the bells and whistles. Does the model have all of the features you require? Our team can help answer any additional questions you may have before you sign on the dotted line. We look forward to seeing you soon!
Interested in purchasing or leasing a new or quality used vehicle? Contact us today or stop by your nearest Karl Malone Auto Group location. Our dealerships are located in Utah, Arkansas, Louisiana, Idaho and Colorado.