subject: Protecting Your New Ride [print this page] Before you even think about buying a new car that would symbolize the success that you have been having recently, you have to think about all the repercussions of getting that luxury vehicle. There are quite a few things that you have to think about before getting a ride that might just be a little out of your price range. There is nothing worse than having to return a car or worse, sell it because you suddenly can't afford it anymore.
The first thing to consider is if you can afford the monthly payments. If you are going to lease something like an Audi A6 or a BMW 5 Series, then you need to have a rather large income and a great line of credit for them to even consider you. The next thing is to call up a few insurance companies and ask for a plethora of auto insurance quotes. This step requires quite a bit of research and you don't want to skip it during the car buying process. There are quite a few places that you can call in order to find quotes. There are drastically different prices depending on which company you decide to go with. It seems like it wouldn't be a big difference, but a lot of different companies actually use different methods to assess risk. Make sure that you figure out which firm you are going to go with before committing to a car purchase. Insurance people will always try to oversell so be wary of their salesmen tactics.
Once you go through the painstaking process of finding insurance quotes you need to research your car as well. There are many things to consider like resale value, warrantee information and even color to consider. There are definitely different positives and negatives to every single car so be careful and decide what you are looking for before you go to the dealership. Taking these steps may seem like a boring effort, but it will prevent you from making an impulse purchase you will regret later. Remember that a car loses almost a third of its value right when you drive it off the lot. In this economy, it is almost better to get a used, certified car than a new one. You will save a third of your money and insurance will be cheaper as well. The secret to buying a car is patience and planning. You will be happy with your decision if you make it patiently.
