Are you planning on buying a car? In this post by Huff Oil Group in Fayetteville, NC, we’ll talk about what you should expect when buying a car and some tips to make the process much easier. 

What Type of Car Do You Want?

The first step in buying a car is to choose the type of car you want. There are as many types of vehicles as there are lifestyles out there, so consider what you’ll be using your vehicle for, if you need to transport things, or if you’ll be driving long distances. It’s essential to research your options and decide what specs work best for you. Another important aspect of deciding to buy a car is to choose a new car or a new one. There are advantages of both; for example, a used car might be less expensive than a new one, but a new car offers lower insurance rates and newer features. These and other aspects are worth taking some time to analyze which type of car would suit you and your needs best.

Buying a car also means maintaining it in good condition by having a reliable maintenance routine. Ensure your engine is in good condition for longer using the excellent products offered by Huff Oil Group. Call them at (910) 988-9328 today for more information.

What’s Your Budget?

Next up is crunching the numbers to have a clear idea of how much your monthly budget would go into buying a car. Experts say that transportation costs shouldn’t be more than 20% of your take-home pay; this includes car payment, gas costs, and insurance. Aditional, to buy a car, you’ll need to have enough money for a downpayment. A good goal is to put down 20% of the total cost of the vehicle. Finally, it’s essential to calculate how long you will be paying for this car, as most car loans come in 12-month increments. Experts say that 48 months is the ideal timeframe for paying off a car, but some options go all the way to 84 months, depending on the cost of the vehicle and your loan’s terms.

What Are Your Financing Options?

So now that you have your budget, the next step is to see what financing options are available. Your options might vary depending on what your credit score looks like, if you’re trading an older car as a part of your down payment, and for how long you’re planning to finance your new vehicle. When buying a car, there are two main options for financing a car:

• Direct lending: This means getting a loan from a financial institution like a bank or a credit union. If you’re using direct lending, the best way to negotiate a car deal is by having the loan preapproved before visiting the dealership.
• Dealership financing: This is another way of financing your car in which you deal directly with your dealership, and they go through the process of financing your new car.

In both options, you’ll pay over a period of time and will pay a finance charge. It’s essential to keep in mind that financing your car for a small monthly payment can mean paying much more in the long run because of interest rates, so it’s a good idea to finance your car for as short as possible.

With the proper maintenance routine, you’ll have your car running better for longer. Use products like AMSOIL’s Signature Series 0W-20 Synthetic Motor Oil from Huff Oil Group for better performance. If you’re ready to place your order, visit their online shop to place an order 24/7.

Negotiate Price and Terms

A reality in life is that buying a new or used car means negotiating the price and terms of your deal. While it can be very rewarding to walk away with a good price, it’s important to remember that you’re negotiating against highly skilled sales professionals, so it’s a good idea to have a few tricks up your sleeve. Here are three negotiation areas you should keep in mind:

• Do your research: Make sure you know the market value of the vehicle you’re looking at. An excellent place to start is looking it up in the Kelley Blue Book.
• Negotiate separately: Negotiating the terms of your car price, trade-in value, add ons, and financing can help you have a clear idea of what you’re paying for and not walk away with terms or additional things you weren’t 100% on board with.
• Throw emotions out the door: Lastly, buying a new car can be exciting, but it can also be nerve-wracking. Be calm through the negotiations to ensure you make the right decisions.

Negotiating the terms of buying your car can be frustrating at times, but as long as you do your research, you can be sure you’ll get a good deal.

Regular maintenance is the key to a happy engine. Call Huff Oil Group at (910) 988-9328 for advice on the best product for your engine, or place an order anytime in their online shop.