Consider the following when deciding on your next vehicle:
- How will you use your vehicle? Think about how you plan to use your car. Consider things like interior space, car size, maintenance, and gas mileage.
- Research vehicles that fit your needs. Test drive any cars you're interested in and it's always wise to consult a reference guide for general specifications and fair market values:
- Anticipate all costs. Reference guides can give you Manufacturer Suggested Retail Prices (MSRPs) and market values, but it’s important to consider additional costs when setting your budget, such as fuel consumption, registration fees, maintenance, insurance, and repairs. Remember, used cars typically have lower insurance costs, but may cost more to finance than a comparably valued new car.