How to Buy a New Car

Man Giving Thumbs Up Holding Keys In Car

Are you looking to freshen up your Saugus commute with a new vehicle? Buying a new car is an exciting time, but it can feel overwhelming. Whether you’re new to the car buying process, or you’ve had a less-than-ideal experience with dealerships, the road to taking home a new set of wheels can seem like a daunting one. That’s why Pride Kia of Lynn is here to help guide you through the buying a new car process so you can make the best-informed, and stress-free, choice possible.

When to Buy a New Car

Considering that purchasing a new vehicle is a hefty financial decision, time is of the essence. Thus, the best place to start in the buying-a-new-car process is figuring out when to take that leap. Here’s how you’ll know when it’s time to make the upgrade:

    1. You’re Spending Lots of Money Repairing Your Current Vehicle. If you’re constantly visiting your Peabody area auto shop, this significantly impacts your wallet and your time. At some point, you’ll find yourself shelling out more cash for repairs in a year than you would for a new car.
    2. You Feel Unsafe Driving Your Car. The last thing you want to happen is to get in an accident, so if you’ve ever felt unsafe being behind the wheel of your car, this is a clear indicator that it’s time for something new.
    3. You’ve Had a Major Lifestyle Change. Is your Salem family growing? If so, you may want to consider wanting to upgrade to an SUV like the Kia Niro that has advanced safety features.
    4. Your Car is Failing Emissions Tests. Getting your vehicle up to standard can be costly, and ultimately, opting for a newer model may save you money in the long run.

How to Find the Right New Car

You’ve decided that it’s the right time to buy a new vehicle, but where do you start? The best place to start is to set a budget and stick to it. If you’re having trouble setting a budget, our finance center experts are happy to look over your financial situation and help you determine how you can spend each month. Below is step-by-step guide on what comes next:

    1. Narrow your search. You’ll want to consider your driving habits, how much cargo space you need, as well as what type of in-cabin technology and safety features you want. Then, you can start searching for models that meet your needs.
    2. Choose your top three models. After selecting your top three favorites, start researching their safety ratings, reliability, lifespan, etc. If you have time, take each model for a test drive to see how they handle on Salem streets.
    3. Request price quotes. Find your dealership options and request price quotes. Make sure to research what other shoppers have paid for that same model.
    4. Find Sales. Take into consideration any big sale weekends or holidays that might come with really good deals like Black Friday or Presidents Day.

Once you’ve completed the above process, it’s time to head to your dealership of choice to make it official!

How to Afford a New Car

You’ve narrowed it down to the vehicle you want, but now it’s time to take a closer look at your budget. How much can you afford to spend on a car? According to U.S. News, your car payment should not put your monthly debts–including credit cards, student loans, rent, etc.–over a third of your monthly income. When you purchase a new car, you also keep in mind these additional costs that will be added on:

    • New Car Sales Tax: This tax is non-negotiable and is typically added to your car loan amount.
    • Interest Rate: The vehicle’s interest rate will impact your monthly payments. A lower rate means that your monthly payment will be lower. However, you’ll only get a lower interest rate if you qualify, and not all drivers qualify based on their credit score.
    • Trade-in Value: If you currently own a car, you can trade it in for a new one. While many Lynn dealers will purchase the car from you and apply that amount to your new car, if you still owe money on your current auto loan, the dealership will take the remaining cost onto the new vehicle price. Use our value your trade tool to get an instant appraisal of your current vehicle.

Find Your New Car at Pride Kia of Lynn

From the new Kia Sorento to the Kia Forte, there are many great models to choose from here at Pride Kia of Lynn. If you still have questions regarding when to buy a new car or how to buy a new car, contact us today. Our team looks forward to working with you!

Pride Kia of Lynn 42.449193, -70.964527.