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BBB Tips: Buying a New Car - Better Business Bureau Serving Central Oklahoma
Start by creating a budget. Before beginning your search for a new car, create an appropriate budget for yourself. Remember to factor in the total cost of the car, the future down payments, and any fees, loans, or taxes. By doing this you will have a rough estimate of your maximum spending limit when later negotiating with a dealer. Consider if buying or leasing is the best financial decision for you right now. A lease offers benefits such as lower monthly payments and little money upfront, but a leased car has restricted mileage and must be returned at the end of the lease. Buying a car requires more money up front and monthly payments, but once you have paid off the loan the car is yours. Have a Car Model in Mind Before You Shop. Ask yourself what you need and want in a new car. Do you need room for many passengers, is four-wheel drive needed, what safety features do you prefer, and will you often be taking long road trips in the car? Keeping these questions in mind will help you narrow down options, and help you find a car best suited for your specific needs. Compare Prices....