When you’re in the market to buy a new Vehicle, there are five steps that will help you be ready to walk onto the dealership with confidence. These steps to buying a new car include budget, trade-in plan, vehicle comparison, financing, and finally, the purchase.

#1 Create a budget

The first step is to create a budget so you know exactly how much car you can afford. You should determine how much you have available each month for a monthly payment. Make sure to take into consideration not only all of your monthly bills but also regular living expenses, such as groceries and fuel. You should also plan for auto expenses such as insurance and fuel.

#2 Plan your trade-in strategy

If you plan to trade in your current vehicle towards the purchase of your new car, do some research ahead of time. Use Kelley Blue Book and other valuation sites to determine what the vehicle is worth. Make sure to use the dealership value, and know before you go into the dealership what will be the lowest trade-in value you will accept.

#3 Compare vehicles

Research the vehicles you are interested in. Understand the features and capabilities and fuel economy of each vehicle you are interested in, to choose the best vehicle to suit your needs and desires.

#4 Financing

Once you know your budget, plan how you will finance your new car. You can either get pre-approved directly through your own bank or obtain financing through the dealership. Pre-approval through your bank can allow for lower rates on used vehicles, but also pay attention to the incentives, such as low-interest rates when financing through the dealership. Compare and choose the best option for your needs.

#5 Purchasing the vehicle

Finally, comes purchasing. Remember to negotiate prices and features. And if you’re buying a new car in Miami, stop by Planet Dodge, where our knowledgeable staff will make sure to match you with the perfect car to suit your needs and budget.