Purchasing a new vehicle is an investment in time and money. The average American spends over an hour a day in their vehicle. A new car provides updated safety features and enhanced peace of mind that you are investing in a low-maintenance vehicle.
Here are the most important things you should consider when purchasing a new car.
While there is some deprecation with any new vehicle, several manufacturers and models hold their resale value very well. A new Honda for sale provides an excellent resale value. Many vehicles maintain over 50% of their value after the first five years of ownership. Quite a few models retain 70% of their value.
Cost of Ownership
The cost of owning a vehicle is more than the purchase price. Many people fail to calculate additional monthly ownership expenses. In addition to vehicle insurance premiums and monthly car payments, you will incur other expenses, including:
- Vehicle registration fees
- Fuel costs
- Electric vehicle charging expenses
- Maintenance and repair fees
Start by checking out reviews for your top vehicles. Evaluate the vehicle based on the level of safety standards compared to other cars of the same style. Independent companies put the vehicles through tests to determine the effectiveness of the company’s safety standards.
The National Highway Traffic Safety Administration enforces standards of vehicle safety.
Consider your driving style and the fuel costs associated with the automobile. Even the gas tank capacity can impact how often you must refuel. If you are purchasing a hybrid or an electric vehicle, consider the availability of charging stations in your home, office, and recreation areas.
Where you drive determines the best drivetrain for your new vehicle. If you live in an area with heavy snowfall, consider a vehicle with all-wheel or four-wheel drive. Front-wheel drive cars handle rain and temperate climates well. Many sports cars have rear-wheel drive, giving you a better feel of the road when driving.
Compare the manufacturer’s warranties for the vehicles in which you are interested. Most cars and trucks have a limited warranty for as long as you maintain the automobile. The length and terms of the protection vary by manufacturer and model, so be sure to understand the warranty policies.
While safe, reliable, and comfortable transportation should be your priority, consider any additional features you want in your new vehicle. Vehicle designers know the importance of comfort; you may expect features, like:
- Driver assist
- Remote start
- Heated seats and steering wheel
- Zoned climate control
- Navigation system
- Keyless entry
Rather than kicking the tires, sit in the car. Sit in all of the seats, considering how you would like the vehicle as the driver and passenger. If you have child car seats, test them out. Make sure you can get them in and out of the vehicle and buckle the car seats safely. If your job requires you to transport cases or luggage, see if there is enough space to secure your baggage.
While all of the above is crucial, liking the style and color of the vehicle is just as vital. Your new automobile should make you smile when you approach it.