Revving up for a new car

Buying a new car is exciting and it’s the second biggest purchase you’ll make after buying a home, but you have to go about it wisely. Here are some tips to help you avoid getting a lemon.
Revving up for a new car

New vs. pre-owned

They say there’s nothing like that new car smell, but it comes with a price tag. New cars are certainly more expensive, but they’re also in perfect condition. Another advantage is that a new car comes with the latest technology and features, as well as new warranties. But let’s not count out pre-owned cars, which don’t depreciate in value the moment you drive off the lot. You can often get a late-model pre-owned car for half the cost of a new one. Plus, pre-owned cars are usually less expensive to insure.

Steering you through your car purchase

Determine your needs and budget. Will you be doing mostly city or highway driving? Are you interested in an electric car or one that’s a hybrid or fully gas-powered. An electric vehicle is more expensive to buy, but is eligible for government rebates and will save you money in the long run. That said, you need to have somewhere to plug it in. You also have to consider costs like your loan payment and maintenance expenses. Want to know how to save more money? Check out these seven tips.

Be in the driver’s seat

You’ve fallen in love with your dream car, but whether it’s new or pre-owned, always be sure to take it for a test drive. See how comfortable it is and how it handles. If it’s pre-owned, find out about the car’s history and have it inspected.

Finally, you need the right car insurance and many factors play into it, including the vehicle’s make, model and year, where you live, your age, and the car’s anti-theft features. Find out more here.

*Certain conditions, restrictions and exclusions apply. The information contained herein is for informational purposes only. Intact Insurance makes no representation, warranty or guarantee that use of this information will prevent damage or reduce your premium. All rights reserved.

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