5 Questions You Should Ask Yourself Before Buying a New Vehicle 

Looking to buy a new vehicle? Here are 5 essential questions to ask yourself before making an investment that is so significant. Whether you are upgrading, replacing, or purchasing your first car these questions will point you in the right direction. 

1. Need vs. want?

Although we hate to admit it, there are sometimes differences between what we simply desire in a vehicle vs. what we truly need. Considering factors such as daily commutes, required passenger/cargo space, and concerns with the environment may point you in the right direction. Reflect on your priorities and your options will be narrowed down to fit your lifestyle. 

2. Budget?

When considering purchasing a new vehicle be sure to have a realistic budget established. It’s vital to determine how much you can comfortably spend each month and to factor in trade-in and financing options. Not only are there upfront costs but there will also be ongoing expenses such as insurance and maintenance. Walk into the dealership with a budget in mind. 

3. Non-negotiable features?

 Every driver has a set of features that they can’t live without. These features could be on your “want” or “need” list for a vehicle but it doesn’t matter you wont go without them!  Create a list of these non-negotiables whether it’s a backup camera, CarPlay, keyless entry, or heated seats. Identifying your must-haves can narrow down the search. 

4. Value?

Did you know that as soon as a new car is driven off of a dealership’s lot it’s value depreciates? 

Depreciation of value on a car overtime is inevitable, however, some models hold value better. When considering buying a new car, research information such as brand reputation, depreciation rates, and resale values. To save money in the long run you could opt for a vehicle that has a strong resale value.  

5. Long-term implications?

Purchasing a new vehicle can come with a lot of initial excitement, however, it is crucial to consider long-term implications. How will this purchase impact your life in the next few years? Will it fit your lifestyle changes that may come? Does it match your goals and plans? You want to ensure that the excitement of your new vehicle will remain for years to come so it could benefit you to have a forward-thinking approach when deciding on your vehicle. 

Ask yourself these five questions before buying a new vehicle, you’ll be sure to make a well-informed decision that fits your needs, preferences, and financial situation. Come visit Dave Arbogast Buick-GMC of Troy, Oh and let us help you find your NEW vehicle that you will be happy with for years to come!