How & When to Buy a New Car

Knowing when to buy a new car can feel like you’re trying to see into the future. The fact is, there are some simple ways to tell if it’s time for a new car. Like, if you’re spending a lot of time and money on expensive repairs, but you still don’t feel safe driving on Lexington streets. Or maybe you’ve added to your family and your sporty coupe is no longer a good fit. These are some of the main reasons people come to Dan Cummins Chrysler Dodge Jeep Ram in search of their next car. And more than a few wonder how to buy a new car. We’re here to help take the mystery out of the car-buying process! 

How to Buy a New Car: The Money Part

Whatever your reason for deciding it’s time to buy a new car in Georgetown, you’ll need to start with knowing your budget. Our finance department can help you understand how much car you can afford and what your monthly payments will be. You can also use our payment calculator to get an estimate on your own. Keep these additional costs in mind when you make your budget: 

• New Car Sales Tax: This tax is non-negotiable and is typically added to your car loan amount.

• Interest Rate: Your car’s interest rate will also impact your monthly payments. Your interest rate is based on your credit score. The better your credit score, the lower your interest rate. 

• Trade-in Value: If you currently own a car, you can trade it in for the new one you want. While most dealers will purchase the car from you and apply that amount to your new car, if you still owe money on your current vehicle, the dealership will tack that remaining cost onto the new vehicle price. Our online value your trade tool can give you an instant appraisal of your current vehicle. 

How to Find a New Car

Once you know your budget, follow these steps that lead to your new car:

1. Narrow your search: Consider your driving habits, cargo space requirements, and what technology and safety features you want for the long haul, then start searching for models that meet your needs.
2. Pick your top three models: Research your top choices’ safety ratings, reliability, lifespan, etc. If you have the time, take a test drive in each model to learn how they handle on Nicholasville streets.
3. Do a local search: Know your dealership options and request price quotes from each one. Research what other shoppers have paid. Take into consideration any potential sales that might be in the near future. 

Once you’ve completed the above process, it’s time to head to your dealership of choice to make it official! 

Discover Your New Car in Paris!

No matter your budget or if you decide to buy a new or used vehicle, find exactly what you need at Dan Cummins Chrysler Dodge Jeep Ram. Contact us today and let us know what car or truck you’re interested in buying, or with any questions you have about the car-buying process. Our team is here to help you get a car you love at a price you can afford!