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4 minutes read. Published May 06, 2022
Written by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers to navigate the ins and outs of securely using loans to buy a car.







Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are dedicated to helping readers gain the confidence to manage their finances with concise, well-researched, and clear information that breaks down otherwise complex subjects into digestible pieces.









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With a myriad of options that are available, there's no perfect car for everyone, but there's a perfect car that is right for you. Base your choice on your needs. Because there are so many choices available, you should research your budget, buying options, your energy efficiency preferences and more before you set foot on a car lot. How do you find the right vehicle for you? Buying a car is an investment of a lifetime. To ensure that you are content with the purchase Ask yourself these questions before you go. 1. Your budget? Consider how much you're willing to spend -monthly and over the long run. Think about the expected maintenance costs including fuel costs, insurance and maintenance in addition to the monthly installment. A website like Edmunds can assist you in estimating the amount each item will cost over a five-year time. It is also possible to use the site to determine how various rates and repayment conditions will affect your monthly payment and the total amount of interest you'll be paying. 2. Who's driving? The primary driver of the vehicle will decide which type of models you search for. If you're a family member buying a car that a teenager is likely to use, the sports car or pickup truck is probably not the most appropriate option. If you're a member of a large family or are driving with your kids between school and soccer practice, you'll need an automobile with more seating and storage. 3. What's the primary purpose? Comfort and gas mileage should be the top priority when your vehicle will be used for commutes for work. Visit the dealership and drive around in the car prior to purchasing it. Take the time to adjust the seat as well as the temperature control system to find out whether it's a good one for your. If you reside in a region that is cold, test-driving in cold weather can be a good opportunity to see how quickly the windows defrost or the vehicle warms up. Consider where you'll be driving, what you will be taking along and how long your typical drive will be. If you are planning long road trips or driving on rough terrain, you should research models that are able to withstand wear and tear. Also, a smaller car is a better choice if the majority of your drives are on narrow city streets. 4. What horsepower do you need? For most people, a car with four cylinders is both reliable and efficient. You will also spend less on maintenance and expenses. If you are a fan of performance driving or have to speed up on busy freeways and highways, a four-cylinder vehicle might cause you to be disappointed. 5. Do you need to tow or haul often ? Are you looking for a vehicle that can handle towing an RV or boat? Smaller cars often do not have the horsepower, transmission and chassis needed to cope with the demands. Even some small SUVs aren't up to the task, so check the towing capacity of your vehicle as well as payload capability. If you plan to purchase a larger vehicle for hauling equipment, check if it can fit into your garage. This is something that many motorists overlook, however certain SUVs, trucks and vans are either too large or wide for many garages. Be sure to check the measurements before buying. 6. Is fuel economy important to you? Before signing off on a new car, consider the amount you're willing to pay for gas. Cheaper cars and hatchbacks generally will get the most mileage, especially if they are traditional and plug-in hybrids. A more luxury vehicle will require premium gas which will generally cost more than regular or midgrade fuel. Be sure to look up the price prior to the time. It could be worthwhile to pay a little more upfront and avoid excess trips to the station. But , it is important to ensure that the cost is worth it. If you're spending thousands more on a hybrid and don't stand to save that amount in fuel, it's not worth the additional cost when you are only looking to save money as your primary objective. 7. How long do you plan to keep it in use? Some vehicles depreciate more quickly than others. Check out car guides and then check Kelley Blue Book or Edmunds to see what holds its worth. This is especially important in the event that you're going through cars quickly: You'll get a much better deal for a trade-in vehicle that hasn't lost any value within the first five years. Certain cars are just that. Subarus, Toyotas, Fords and Hondas are all known for their longevity and reliability, which makes them excellent places to start if you're hoping to keep your car for more than 100,000 miles. 8. Do you wish to lease or buy a car carry different financial burdens. Leasing is a good option for those who want to own the most modern vehicle without paying as much each month, however, you can't recoup the amount you spend by trading in your car at the end of your lease. You'll also have to keep an eye on the condition and cleanliness of your vehicle. Additionally, you could be faced with mileage caps. The purchase of a vehicle puts you entirely in charge and you'll not have to be concerned about any mileage restrictions. The downside is that you typically need be able to maintain your car longer than you would with leasing to be able to justify the cost of it. It is likely that monthly payments will be higher, as well. The bottom line The key to leaving the dealer satisfied with the new car you purchased is planning. Decide what's important to you before you pick a car. The style of the car may be more important than size, fuel economy may have more importance than the seating. Each factor has its pros and cons Do your homework to determine which car best suits your needs for years to come. Learn more


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Writen by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers to navigate the details of taking out loans to purchase the car they want.



Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since late 2021. They are passionate about helping readers gain confidence to take control of their finances with clear, well-researched information that breaks down complicated topics into manageable bites.






Auto loans editor




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