Who doesn’t wish to own a Dodge or Chrysler car? Most people have it on their bucket list along with purchasing a house, starting college funds for kids, etc. If you have decided it is time to buy an automobile, weigh your options and choose the best car package that suits your requirements.
New or Used
The first thing is to make up your mind if you want a new or used vehicle and chalk out a budget. This will determine which types of car dealers you should visit and help you stay within a reasonable price range. To help you choose between new or used, consider the following questions:
- Do you have a significant down payment or a trade-in with equity?
- Are you willing to absorb a brand new option's depreciation value?
- If you buy a used vehicle, are you prepared to pay for the maintenance and repairs associated with an older car?
- Are you willing to wait days, sometimes weeks, for an auto shop to work on your used car and restore it sufficiently for you to drive?
It is the classic struggle between quality and value. Obviously, money is the key deciding factor when purchasing, so after you have reached a concrete decision, it is time to research about financing and payments.
Financing can be a beneficial option, but it can also turn into a credit-ruining investment. Conduct thorough research regarding the type of monthly payments and understand your purchase options. Ideally, your payments should end while your vehicle is still reliable. You could get stuck paying for an unreliable ride without exercising proper caution. A comfortable payment should be around 20% of your monthly income. You could also take out a loan from a third-party lender and pay off the loan company instead. To determine your best option, compare all finance options and find out average interest rates. If you choose to buy used from a private party or used car dealership, understand the risk of dishonesty regarding the vehicle's history and reliability. To avoid unfair prices, utilize online searches and background services.
Once you are clear regarding new or used and budget, it is time to decide what you need in your car. How much space do you want? Would you prefer a sedan, truck, or SUV? How large is your family? What types of features interest you? Narrow down your choices as much as possible before you visit a dealer.
While comparing car packages for Dodge or Chrysler models, please remember what you need out of your transportation and how much you can realistically afford to spend. Don't take advantage of credit programs to buy outside your price range.