How to Buy a New Car

Signing Finance Documents for Car

Looking around for that new vehicle to satisfy your driving needs on Meriden commutes? Maybe you’re wondering when to buy a new car? We’ve certainly had a few people ask us “How to buy a new car?” Don’t be ashamed, it’s nothing to be embarrassed about. Some people have bad prior experiences and are nervous when it comes to their next car selection.

That’s why Executive Chevrolet has put together our own guide on the topic of buying a new car. Whether you’re wondering when to buy a new car or how, we’ve got answers sufficient for both. Read on to learn more!

When to Buy a New Car

Before getting started, let’s make one thing clear, no matter your selection, it’s a big financial decision. A lot of people are generally unsure of when’s the best time to buy and find a new car for sale. Here’s some examples of when would be the right time to start shopping for new vehicles around North Haven:

  1. You’re constantly paying for expensive repairs, driving you nuts and emptying your wallet of extra money per month. If you’re paying more for repairs in one year than the cost of a new vehicle, it’s time.
  2. You’re worried when you drive your car and think it’s increasingly unsafe. If you’re terrified you’re going to get into an accident while driving to work or coming home, it’s time to break up with your current vehicle.
  3. Maybe your family is growing and you need a vehicle with more space for everyone. Perhaps a Chevy Equinox or Chevy Trailblazer might be right for you with its features and expanded space.
  4. Have you gone to your local DMC for the annual emissions test, but it’s failing? Guess what? It’s going to cost a lot to upgrade, so maybe it’s time to find something better?

How to Find Your Ideal New Car Near Meriden?

Okay, now you’ve decided this is the right moment to buy a new car. Yet now you might be wondering, “How to buy a new car” in this economy? Always stick to a specific budget and work from there. If you’re having issues, reach out to our finance center and see if we can set a budget and payment plan for you. Here’s what you should also be doing next:

  1. Narrow Down Your Search: Consider how you drive regularly, Your cargo space needs, the tech you want and what’s a good set of safety features? Think about these factors and go from there.
  2. Select Your Top 3 Models: Look into their safety ratings, reliability, lifespan, warranty, etc. If you have the time, schedule a test drive on each of these models and find out how they perform on those busy Cheshire streets.
  3. When you’ve made your final selection, check all the local dealerships around where you live and request price quotes from them. Also be sure to look into what other customers have already paid.
  4. Remember, there’s a lot of weekend sales offers and holidays during the year that can save you money. Whether it’s Black Friday, Presidents Day, etc, they’re might be some savings with your name on it.

Once all of this is done, it’s time to head down to the dealership you’ve selected and find your next vehicle!

How to Afford a New Car in Wallingford?

Now that we’ve moved past “How to buy a new car,” your next question is going to be budget-related. How much will you be able to spend on your new car? It may be exciting to have a new car, yet remember it’s one of several bills you’ll be paying per month. According to U.S. News, your car payment should not put your monthly debts–including credit cards, student loans, rent, etc.–over a third of your monthly income. When you select a new car, the following should be kept in mind:

  • New Car Sales Tax: A non-negotiable tax that is added to your car loan amount.
  • Interest Rate: The interest rate of the new vehicle you select can also impact your monthly payment. A lower rate means a lower monthly payment. Yet remember, you will only receive a lower interest rate if you qualify and not all drivers will qualify depending on their credit score.
  • Trade-in Value: If you have an existing car, perhaps you might want to trade it in for the new one. Many dealers will buy the car from you and then apply the trade-in estimate to your next vehicle. If you still owe money on the vehicle you’re trading in, then the dealership will put that remaining amount on the new vehicle price. You can use our online “Value Your Trade” option to get an instant appraisal of your vehicle. 

If you have any further questions, you’ll be able to contact our finance department and figure out which kind of vehicle fits your budget. You can also apply for financing and use our payment calculator to determine what your monthly payments will end up being.

Discover Your New Car at Executive Chevrolet in Wallingford!

If you’re ready to find your next new vehicle, Executive Chevrolet in Wallingford is the place to be. Call us at (203) 677-0448 or contact online to schedule a test drive today. We also have rotating Chevrolet Special Offers that can help you save money. Also check out our “In-Transit” section to spotlight cars that are coming to our dealership! Looking forward to seeing you soon enough!

 

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