Researching and Buying a New Vehicle
How Do I choose the right vehicle for me?
2-door, 4-door? New or used? Sporty or economical? Buying a vehicle is an exciting time, but the range of options can make shopping for one a daunting task. Regardless if you’re looking to purchase your first vehicle ever, looking to finance something brand new, or adding a second vehicle to your family fleet, careful thought and assessment goes into finding the right vehicle, so where do you begin?
Assess Your Needs
Finding the right vehicle depends on who you are, your budget and what the intended function of the vehicle is going to be. To find these things, you have to ask yourself practical questions to start narrowing down your options.
How many passengers do you need to carry? What are you transporting?
Most vehicles can hold up to five people, but if you need more passenger or cargo space, consider a minivan or SUV. If you’re regularly hauling large items, a pickup truck would be a great option. Two-door cars are usually flashier and seem like a fun option, but consider how much you would need to use your rear seats. Regularly folding down the front seats for passengers gets old quick, and is even more troublesome if kids with booster seats are involved.
What Type of Driving Do you Do?
Are you a daily city commuter driving on paved roads with frequent stops? A smaller car or compact SUV, maybe even a hybrid would likely suit your needs, especially if tight parking spaces are going to be an issue. Are you a rural driver that’ll be utilizing highways and backroads? A vehicle with 4×4 capability would likely be helpful, or possibly even a vehicle with a diesel engine (diesels are notoriously fuel-efficient in regards to highway driving). Considering the roads you’ll be travelling helps to narrow your choices down to practical options.
Is Fuel Economy Important?
Most vehicles are available with a variety of engine and transmission combinations. Small cars and compact SUVs primarily use four-cylinder engines and are typically the most fuel-efficient choices. Six or eight-cylinder engines offer much more power and smoothness, you’ll be visiting the pump more frequently. Another thing to consider is the possibility of an electric or hybrid vehicle. These more economically friendly vehicles usually cost more upfront but yield massive savings at the pump.
Consider your budget
Before fully-committing and signing a bill of sale, you must consider your budget. The industry standard rule is your new-car payment should not exceed 15 percent of your monthly take-home pay. If you’re looking to lease, that number goes down to 10 percent. Buying and leasing have pros and cons that should be looked into further.
|Flexibility to sell the car whenever you want||Ability to drive a pricier, newer vehicle for less money down|
|Can put on as many kilometres as you want without penalty||Most repairs will be covered under the factory warranty|
|More money up front, but fewer expenses in the long run||Don’t have to go through the trouble of trading in or selling the vehicle|
Research your Model Carefully
Online vehicle reviews will provide you with information on features, performance, strengths, and weaknesses of different vehicle models. Consult both expert and owner reviews to compare experiences. Do price comparison shopping to compare prices of similar cars from different manufacturers that you might not have even thought of to look at. You may be overlooking a better choice just from not being informed.
Schedule a Test Drive with the folks from Go Dodge Don Mills!
Of course, the best way to find out if a car is right for you is to get behind the wheel. Do not feel pressured to buy a car the same day as your test drive, and use the test drive as an opportunity to ask extensive questions about the car.