If you haven't gone car shopping in a while, get ready to grab your wallet—and your chest—because new car prices have skyrocketed. The average cost of a new car in mid-2015 was $33,560 each. If the sticker shock is making your heart race, consider looking for a used car instead. While average used car prices had also spiraled up to a record of $18,600 in 2014, they're now predicted to fall—in large part due to the number of former leases now coming onto the used car market.
One of the most difficult parts about buying a new or used car is finding the best financing for your situation, mostly because you do not want to end up paying a higher interest rate and higher monthly payments than you absolutely have to. Listed below are just a few methods that you can use to find the lowest interest rates when buying a car.
Talk To Your Bank
A major resource at your disposal when it comes to getting an auto loan is the bank that you already do business with.
If you are currently looking at car dealers for a new car, you might be considering a small, compact car. While there are many benefits to these smaller cars, there are also some drawbacks to be aware of. Here are some things to consider before you purchase a compact vehicle.
Smaller Cars Have Better Fuel Economy
Among the different benefits of purchasing a smaller car, having good fuel economy is often one of the better ones.
When it comes to buying a car, you have a few different options. For example, you could purchase a used car from private sellers, independently owned auto shops, or car dealerships. Each option will have its own advantages and disadvantages. Here are the three advantages of purchasing a car from a car dealership over the other options:
When it comes to purchasing a car from a car dealership, you will have more purchasing and add-on options.
The first snows of winter are often the hardest to drive in as people get used to slippery roads and icy parking lots. Invariably, a lot of drivers will damage their cars when they slide into poles, snow piles, and other cars. If you end sliding into something and breaking your headlamp assembly, you need to replace as quickly as possible so you have both headlights working as you drive at night.