Whether you are heading out to purchase a new or used car it is expensive, for most people it is the second biggest purchase they will make next to their house. Just as you took plenty of time considering your house purchase, you need to also take time to work your way through what has to be done to get the best price on a car that will give you many miles of trouble free service as well as holding its value. Before you visit any of the Cadillac dealers in Michigan there are a few important things to do first.
- Budget: Only you know what you can afford to spend, set your budget and stick to it to ensure you do not get in over your head. Knowing your budget also will come in handy when you are negotiating the final price.
Financial gurus suggest that no more than 20 percent of the household income to be allocated to vehicles. This number includes the amortization of the any loan you enter in to but also includes all expenses associated with owning a car.
- New or used: There are pros and cons to both. If you buy a new car you will have the advantage of a factory warranty but, for the same money you will get fewer features than you would with a high quality used car. If you opt for a used car you get “more bang for your buck,” but you have no idea of the vehicles past and less in the way of a warranty.
- Understand the full cost of ownership: Although the greatest percentage of the cost associated with a car is the payment, there are other things which also must be factored in. Car insurance, licensing, maintenance, repairs and fuel all must be taken into account. As you run the numbers consider the resale value, this is important if you do not plan on keeping the car for any length of time.
- Negotiate: The Cadillac dealers in Michigan will work with; they know that buying a car is a considerable expense but do not lose sight of the fact that the dealer must make money on the transaction. You need to be prepared with data to support your position. If you are trading in your current car negotiate its trade in value separate from the new or “new to you” vehicle transaction.
Take all the time you need. Cadillac dealers in Michigan are less liable to try and use strong arm tactics on you, negotiate properly and both you and the dealer can win.
If you are looking for Cadillac dealers in Michigan you are invited to visit Business Name. Business Name takes pride in matching their customers with the perfect vehicle that meets their needs as well as their budget.
