Showing posts with label Car Lease. Show all posts
Showing posts with label Car Lease. Show all posts

Friday, March 6, 2020

Mistakes Most People Make When They Buy a New Car

Buying a new car or truck is a very exciting process, but there are a few potential pitfalls many buyers fall victim to. Luckily, with a solid plan in place and a little bit of patience, you should be able to avoid some of the most common mistakes that people make when buying a new vehicle.

Not Doing Enough Research

It is an unfortunate fact that many people head to car dealerships without spending any amount of time researching the makes and models that they are interested in. Well before you even think about applying for a loan or signing a pink slip, you should first research the pros and cons of each type of car you are considering.

You could find that a vehicle that you are interested in is riddled with expensive mechanical issues that you want to avoid at all costs. Dealerships aren’t likely to tell you these sorts of negative facts when they’re trying to make a sell so you need to do your research first.

Getting a Loan from the Dealership

While it might be tempting to get a loan directly through the dealership, those companies don’t always have the best rates. The dealer is going to do everything in their power to get you to sign paperwork on the first day, and they could offer you a seemingly good loan that will end up being very expensive in the long run. 

That is why you should shop around for auto loans before you head to the dealership. Know how much you can get approved for and what the interest rates will look like, and compare the offers from multiple lenders before you accept any loan.

Not Accounting for Ongoing Costs

Your monthly payments will only be one of the many expenses that you are going to run into as a car owner. In addition to the loan payment, you will also need to consider maintenance costs, potential repairs, and the fuel efficiency of the vehicle. 

Products like tires must be regularly purchased as well, and the replacement parts might be prohibitively expensive.

Trying to Lower the Monthly Payments

Getting your monthly payments as low as possible probably seems like a great idea, but you need to consider how much the loan is going to cost you over time. With low monthly payments, the life of the loan is going to be much longer, and that means the interest will build up. 

Your lender should be able to tell you exactly how much the car is going to cost once you are done paying off the loan.

The final step in this process is taking the vehicle out for a test drive. Even if the car or truck is brand new, you should still spend a little bit of time behind the wheel to make sure that you love driving it. Once you’ve found the right car, the right loan, and the right price, you ready to sign.

Tuesday, December 12, 2017

What's the Most Reliable Luxury Car On The Market?

All too often, when we are shopping for a luxury vehicle, we don't place enough importance on the reliability. We look at all of the extra features that come with the car, like heated seats or Bluetooth connectivity. 

But if you have ever broken down on the side of the road, you know how much of a hassle it is. Suddenly you are stuck in the middle of nowhere, with large car repair bills in your future. If you had taken some more time during the shopping to consider reliability, you might not be in this situation.

So if you're in the market for a new car, and you want something that is reliable yet luxurious, start your search with one of the cars listed below. Each one received good grades when it comes to reliability, and doesn't sacrifice any of the luxury components you're looking for.

The BMW 2 Series

When you get something with the letters BMW on it, you know you are getting something that drives well. The 2 series is no different, and offers drivers a great ride with fast acceleration and excellent fuel economy. 

But this car is also reliable, with J.D. Power giving it 5/5 stars for dependability. You can't do much better than that, and you won't have to sacrifice ride quality. The BMW 2 Series has an MSRP of around $34,000.

The Audi A7

For those of you who want a little more room inside the cabin, consider the Audi A7. This large luxury car offers plenty of cargo space, and room for your taller passengers. 

J.D Power gives this car a 4.5/5 in terms of reliability, which is better than most cars, especially luxury cars. The price tag is pretty high on this one, compared to the other cars on this list, starting at $68,000. 

But if you want large luxury car with the best performance, and an excellent reliability rating, this is certainly a car to consider.

The Lexus ES

This Lexus model is a lot like other Lexus models that have come before it – it puts an emphasis on ride quality. This shows in both the design of the cabin, and the ride quality. 

You can be sure you're getting a smooth ride inside an Lexus, and the ES model is no different. But with this model, you are also getting a car that is reliable. J.D. Power gave it excellent marks for both dependability and quality, and it even got a recommendation from Consumer Reports because of its reliability. The base model starts at $39,895.

Acura ILX

For something a little cheaper, consider the gateway model from Acura, the ILX. With this car you get all of the amenities you've come to expect from a luxury car, along with a spacious cabin and a smooth ride. 

Both Consumer Reports and J.D. Power praised this model for its dependability, and it has a base cost of $28,940, making it a little more affordable compared against some of the other cars on this list.

Lexus GS

Another Lexus, this model is very similar to the ES, but nicer. This is one well put together car, and it shows once you step inside. Just like with any other Lexus, you are treated to great performance, a smooth ride, a spacious and well-designed cabin, and in the case of the GS, dependability. 

Both J.D. Power and Consumer reports gave this car an excellent score when it comes to dependability, so you can't go wrong with this model, which starts at $47,305.

Mercedes Benz E-Class

One word comes to mind when you look at the Mercedes Benz E-Class – elegant. The Germans know how to make a good car, and it shows in this newest Mercedes Benz model. 

Inside is everything you want out of a luxury car, but with the added bonus of being reliable as well. The base cost for this model is $53,075, which makes it more expensive than the other cars on this list, but in this case, you are absolutely getting what you pay for.

Make Reliability a Priority

When shopping for your next car, don't overlook how reliable the car is. You might have a trusted source that you go to for car repair, and some excellent car insurance, but that doesn't mean you want to use them all the time. 

Instead, it would be better if your car remained on the road, and that you only took your car in for repairs infrequently. By going with one of the cars on the above list, you are getting a car that has been rated highly for dependability and reliability. 

This will hopefully end up saving you more money in the long run, and make you happier with your purchase.

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