1. What Are Your Needs?This may sound obvious, but it’s important to remember to keep your needs in mind. Thinking of having kids soon? You probably should stay away from a two-door. Traveling regularly for work? Pay special attention to the mileage your car gets. Buying a car for a new driver? Be sure to research the safety features online before making a decision. Be thoughtful about your needs and do your research!
2. To Finance, or Not to Finance?Understanding your financing options is critical when looking at buying a car, especially if you’re buying a used car! Some lending institutions will be difficult to work with if you are buying an older car, if you have poor credit, or if you are not bringing money to the table. At Joe’s Auto Sales, however, you may be eligible for buy-here-pay-here options which can help you secure a loan with minimal down payment and poor credit. Know your options and set your expectations accordingly.
3. New or Used?
Cars are notorious for their status as rapidly depreciating assets. In other words, when you drive a new car off the lot, it loses value immediately. Used cars, however, are more affordable and will typically hold their value better than new cars. For price sensitive buyers, looking at used cars is usually a prudent option.
Buying a car should be an exciting time. Don’t let a fear of the buying process ruin the experience for you. Take some time to plan for your needs, research your options, and contact Joe’s Auto Sales at (317) 405-8545 (East Location) or (317) 756-9180 (South Location) to get started!