Top 10 Tips for Buying a Car

If you are on a hunt for a car then you should consider certain point before you make a decision:

1. List all that you want in your car. This helps you to frame a budget. You can also find out how much you have and what amount you need from other sources.
2. Do some research work about all the dealers and whether the model that you want is available with them.
3. If you are going for the used car then collect all the related information about the accidents, any repairs required or been made to the car in the past, the insurance history, whether any claim was made with the car and many more such aspects related to the car history. You can also gain some information that the dealer may not tell you regarding such used car by using the VIN number and searching the information on the internet. Check whether the model is presently in production and the parts are easily available. If the car has been run and used a lot then avoid buying it.
4. After doing the research compare the prices offered by the dealers. Find which one suits you according to your budget.
5. Check the warranties that your dealer is giving you for the car.
6. Take a test drive to ensure you are comfortable and the car is in proper working condition.
7. Search the options available for that extra money you require to purchase your car. There are financers and there are car loans. You need to compare their rates and the type of loan given by them. The banks lend unsecured and secured loans. In secured loan you have to place collateral which can be your new car or any other property. In unsecured loan you just sign papers and submit the details asked by the company. But unsecured loans have slightly higher interest than the secured ones. Make a choice.
8. Find out the insurance companies giving an insurance cover for your car. The insurance can be third party or accident insurance. Here the company looks into the previous history of the vehicle, the miles it has covered and the experience of the driver. If your age is less than 25 years and you are new to driving then you will have to pay higher premium.
9. Find the companies giving online loans and insurance. Compare them and make a choice.
10. Have everything in written form as documents. Finalize the mode of payment, installments before taking the keys.