Buying A New Car On A Budget

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For many of us, buying a new car is a lifelong dream. Every fall, when the dealerships start advertising their new models, the temptation gets stronger. A brand new car is in perfect condition, it boasts the latest technology, its engine is purring, and its odometer is close to zero.Few feelings compare to that sense of pride that comes when you drive a new car off the lot knowing that you are its first owner.

Still, despite the appeal of buying new, many shoppers settle for a used car for economic reasons. They feel they won’t be able to find something in their price range, or that they can find something just as functional for less money. While there is nothing wrong with purchasing a certified pre-owned vehicle from a dealership, the good news is that if your dream is to buy new there are plenty of options. With a little research and diligence, you might be surprised at what you can find.

The first thing you want to do is set yourself a budget. What can you afford, and what is the most you’d be willing to pay? Once you’ve done that, you can start looking at what options there are within your range. Visiting a car blog run by real car lovers is a great way to get the inside track on the pros and cons of the newest makes and models, and car blogs can also give you a sense for how last year’s cars held up. It’s worth remembering that in January, the previous year’s stock officially turns a year old, so it is possible to purchase a new 2017 Mazda 3, for example, at a reduced rate simply because dealerships will want to make room for new stock.

Once you’ve done some research, you’ll probably find yourself gravitating toward a particular brand or model, but before you go any further, it’s important to take it out for a test drive. If you are interested in a new Mazda, for example, checking out the Toronto Mazda dealers nearest to you is a great way to set up a test drive. You should never buy a car without seeing how it handles on the open road. Once you know what you’re looking for, you can start comparing prices. You might find that certain dealers have upcoming sales or discounts which can potentially knock a few thousand dollars off the price.

Trading in your current car is also a great way to reduce the price of a new one, especially if you’ve kept it in good condition. Selling a car on your own can be a challenge, and selling through the dealership takes the pressure off, and also ensures you’ll get a better price than you might on an online marketplace.

When you’re on a budget, financing is something you definitely want to pay attention to. You may not have the money to buy the best car outright, but many dealerships in Toronto, like YorkdaleDufferin Mazda, can set you up with a financing plan that will allow you to make manageable payments on a schedule that works for you.

Buying your first new car may seem like a big step, but with the right research and support, you can be confident that it is the right one for you.

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