Questions You Should Be Asking

Buying a car is a big decision that requires much consideration. We want our customers to feel informed and confident when purchasing a vehicle from our dealership. Below are some questions you should ask when you come in to buy a car.

What is the term (length) of the loan and what is my interest rate?

What mandatory fees do I have to pay?

Does this car make me happy?

Can I have a test drive?

Has the car been damaged?

What's the warranty coverage? Are there any perks like free maintenance?

How much is the car after fees and licensing?

Are there any aftermarket parts or alarms on the car?

How many miles are on the car?

Can you deliver the car? (internet shoppers)

Buying vs. Leasing

Disadvantages of Car Leasing

• You don't own the car at the end of the lease.
• Your mileage is limited to a set amount, typically 12,000-15,000 miles a year (excess miles are paid for at the lease termination).
• Lease contracts are confusing.
• Leasing is more expensive in the long run (as opposed to buying and driving until the wheels fall off).
• Wear-and-tear charges can add up (paid at lease termination).
• It's costly to terminate a lease early if your driving needs change.

Advantages of Car Buying

• Pride of ownership — you can modify your car as you please.
• Car buying is more economical in the long run unless you buy and trade-in regularly.
• No penalty for driving excess mileage
• Increased flexibility — you can easily sell the car whenever you want.

Disadvantages of Car Buying

• Higher down payment is generally required.
• Higher monthly payments
• You're responsible for maintenance costs once the warranty expires.
• Trade-in or selling hassles when you're ready to get rid of your car
• More of your ready cash is tied up in a car, which depreciates, rather than an investment that appreciates.

Look to Edmunds.com for more valuable information and analysis!

Easy Steps to Save Thousands on Your Car

Proper maintenance is key to saving hundreds or thousands of dollars on your car. There are very easy things to check once you are aware. Provided is a short list from consumerist.com which goes over the basic parts that need to be checked, how to check them, and how much it costs or could cost you if you don't. Click here to read the article: http://bit.ly/1nwb9S7