Most car buyers are undecided at the start of the shopping process. When they first begin to search for a new vehicle, 6/10 of them are open to considering multiple auto options. Does this sound like you? If so, it is important to look at all of your options so that you can make the most informed decision and ultimately get the best deal out of whichever option you choose. In this short guide, you will find out about 3 different options for getting you into a new or new to your vehicle!
1. Brand New Vehicle
So of course there is always the option of purchasing a brand new vehicle. However, there is a lot of process involved in buying a new car. First, most of the time, the quality of loan offer you’re going to get depends on your credit score. This can make it pretty difficult to get an affordable new car. Also, in terms of financing, you typically have to sign a longer contract in order to make affordable monthly payments. This means that you’re going to have the same care for a while. For some people, this is great! For others, they like to have a new car every couple of years, which is possible when you look at leasing options for example.
So leasing a new car has all of the benefits of well… a new car. You’ll get that new car smell, all the fun of figuring out how it all works, and the best part is you can get a new car in a year, or two, or three, or however long you sign your lease terms for. This method is more like renting an apartment where you sign your lease for a year and as long as you take care of the place, you can move onto the next apartment. However, there are some quirks about signing a lease that you might not like. In your apartment, you probably can’t paint the walls, put in new carpet, and you probably are only allowed X holes in the wall. In your leased car you probably can’t/ shouldn’t put decals on it ( I mean you’re only going to have the vehicle for the length of the lease term anyway, what’s the point?). Most of the time there is an annual mileage restriction built into your lease. This might say something like you’re restricted to 12,000 miles/year. Now, this might seem like a lot, and for some people, it is perfectly realistic. However, if you have family that lives far away, you’re making a 2 hour commute everyday, and/ or you like to travel, it will likely cost you more to add miles to your lease contract. This might not be a deal breaker, but it is definitely something to be aware of.
3. Used Vehicle Option
Your third option is to purchase a used vehicle. You can lease a used vehicle, and the process is still very much the same, but onto owning used trucks or cars. So used car buying can be the best way to get your bang for your buck. You can finance through used auto dealerships like the Denver area ford dealers. They have both new and certified pre owned vehicles. Whenever you’re looking at used trucks or other automobiles, it is almost a guarantee that you will want to find something that is certified pre owned. What does this mean? This means that the vehicle has been inspected and/ or refurbished and has been certified by the dealership or other reputable certification authority. Similarly to how new cars come inspected fresh out of manufacturing, a certified pre owned vehicle will be in the best condition it can be. This is especially helpful when you start to look at older models. Buying used trucks and cars can be hugely beneficial to someone who can’t afford a new car but still wants the pride of owning a vehicle! Get into your local Denver area ford dealers to check out their used trucks, cars, vans, and all of their new vehicles too!