Buying a car isn’t a walk in the park. Given how much new one costs, you’ll want to make sure you’re spending it all on the right one. Read on to know a few buying pointers to keep in mind.
Know your budget
Determine how much you can afford. Then stick to it. Don’t go beyond that price range. Otherwise, you may end up stretching your finances too thin. That’s not ideal. If a financial emergency comes along, you won’t have much leeway in your income to cover the costs.
Do the math
An effective way of setting a budget is calculating all your costs. That means your car payments stacked on top of your monthly expenses. List down everything—from your energy consumption bills and credit card payments to your house mortgage and more. Bankrate says your car payments shouldn’t exceed more than 25 percent of your household income. If that’s not the case, you’ll need to recalculate your budget before you pay a visit to a Ford new car in Knoxville TN.
Pick a dealer
Once you’re clear on how much you can spend, time to pick a dealer. Look for a dealership that has a good reputation in the area. You could ask around for feedback or check online for reviews. That should help you find out more information about the company’s reputation.
Check out the inventory
The quality of the inventory matters. If the cars look rough, they’re probably not a safe bet. On the other hand, if many of the cars in the lot seem to have had a paint job, that may be an attempt to conceal structural rust. Find a Ford new car in Knoxville TN that has a reputation for providing a good choice of rides. That’s one way to keep yourself from going home with a lemon.