New Car? Here Are The Top 3 Things To Consider

​It can be confusing to choose what car to buy. This may be especially true if you're a first-time buyer or just planning to switch cars due to inconveniences. You must know the top three things to consider before buying a car to help make the process less troublesome.

1. Determine Your Needs 
   Choosing the "right" vehicle is an internal decision based on valid and stylish considerations. Some people use their cars to make a statement, while some adore weekend races. Practicality takes a backseat to how the vehicle makes you feel. Functionality should be the priority for daily drivers. 
   
   Practical considerations include:
      - The passenger count
      - The type of roads you drive (highway, streets, off-road)
      - The parking space you have
   
   
2. Buying or Leasing a Car
   Owning and renting are similar to buying and leasing.
   
   If you buy a car, you must pay for the whole thing. On the other hand, leasing a vehicle requires you to make payments based on how long you keep the vehicle. There are a few things to consider before buying or leasing a car. 
   
   Leasing a car has a typical time frame of 36 to 48 months. At the end of your lease, you can either return the car to the dealer or pay the agreed-upon purchase price to take ownership of the vehicle.
   
   Once the money has been exchanged, the buyer becomes the vehicle's legal owner. If you pay cash or finance the purchase, you will own the item outright and then pay off the loan. You now own the car and have full discretion over whether to keep it, sell it, trade it in, or give it away.
   
   
3. Budget and Affordability
   It's important to be realistic about your budget before purchasing a car, which means considering every aspect. Expenses like gas, oil changes, tires, brake pads, windshield repair, and windshield replacement aren't included in the price of a car.
   
   The secret to making a budget work is to be realistic about what you can spend. Since 20% of your income goes toward car-related expenses (insurance, maintenance, tolls, parking fees, etc.), you shouldn't spend more than 10% on your car loan.
   
   What kinds of cars are covered by this monthly fee? The Edmunds affordability calculator can help you find cars that fit within your budget. Remember that the prices shown on the results page will vary depending on the selected features, options, taxes, and fees.

Bottom Line
Most places in the world now have a lot of people who own cars. Some people have two or more cars. Some might say it's a sign of success. Still, trying to decide which car to buy can be a daunting process.

At Priority Insurance LLC​, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (864) 297-9744. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!