I know I have to buy the car, are there any other monthly insurance payments that have to do? How much do you usually pay monthly in a car?
can you give me tips on buying your first car? like all the payments and stuff?
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Your best bet is to buy the car & not finance it. You’ll also save $ if you pay for your insurance policy. Whether it’s 6 months or a year, pay it in full.
Usually you put a certain amount down at signing then X% for X months. The fewer months the more the payments. The more months the less the payments but more total.
Carsdirect was very useful in finding a car
avoid payments at all costs. you dont want to deal with this sort of thing, just get a lesser car and save your money for a better car that you can pay cash with
Other than insurance and your car payments, that should be all you will need to pay. If you are willing to read the whole answer, here are some clues and warnings about purchasing a car from a dealer.
1..Buy the car, not the payment! Meaning, get a bottom line of the car, get the interest rate, and term (months) and then work a deal. Do not fall for a line like “you can afford $$$ a month. By agreeing to that, you are inviting all sorts of extras, like an extended warranty, GAP insurance, and other insurance, but not car insurance. You will end up signing a contract for longer than you think or longer than you would like to pay for all those extras. Payments you can afford, but for longer than you want. And you won’t get cash back if you cancel the warranty, they will just take the amount off the end of your payments.
2. Read, reread all the paperwork you are told or asked to sign, Make sure you understand everything. If not, ask. If they skirt around the issue, or don’t answer the questions to your satisfaction, then I wouldn’t sign anything until I did.
3. “Spot deliveries” taking the car home the same day is something to be careful of too. I know you will probably want to take the car home, but signing stuff in a hurry can only lead to trouble. Take your time. Leave a refundable deposit on the car, and go home and think about it.
4. If it is a used car, get a trusted mechanic to check it out before you buy it. Don’t trust the dealership, get it checked out first. If they let you take it to a mechanic, that is a good sign, but if they don’t, then there may be something to hide!
There are so many things and tricks a dealership tries to pull on the unsuspecting public. So be careful, check out the dealership, it’s service department and it’s reputation for customer service.
This is more than what you asked fo, but hopefully it will save you money, time and trouble. Once you have signed the contract, you can not back out. By signing, you have agreed to the purchase and can not change your mind.
There are a lot of things to know. I don’t think you’ll get all the information you need here. You need to to do your own research and become informed. Here’s a web site that has a lot of the answers you want:
http://www.firstcarguide.com
Good luck.
You also should compare car insurance quotes for different cars before buying one, for example here – car-insurance.66ghz.com