Mar 2, 2015

Are you planning on heading to a car dealership soon? Whether you are trading in your existing ride, adding a new car to the family, or shopping the pre-owned lot, you need to be ready for the task. Consider doing a few things before you take a look at the inventory. Toyota of Dothan has a checklist of the things to do before you buy.

checklist1. Determine what you can afford

A budget is a must. You can’t begin your journey without knowing what it is you can afford. If you have extra money one month, don’t count on it for the life of your car loan. Don’t over-extend yourself and always be mindful of fuel prices, insurance premiums, maintenance costs, and sudden service expenses.

2. Look for sales and rebates

Check out the dealership site for available sales and rebates for which you may be eligible. Look at the terms of eligibility and special considerations.

3. Read dealership reviews

Ask friends for referrals and hit the net to read consumer feedback. Customer reviews and word-of-mouth provide some of the most information you will need to know about a dealer and the people who represent it.

4. Know your credit

Know your credit picture and score before you begin your hunt. This will help you know what to expect when you are working with the finance office.

5. Create a running list of options

Create a list of the things you need in a vehicle. Compile a list of options that coincide with your budget and driving needs.

6. Research safety ratings, insurance costs, and cost-to-own data

Now it is time to dig in a little deeper. Get to know each vehicle. Research everything from invoice price and safety ratings to cost-to-own data and reliability ratings. Once you have whittled down the list, go to the dealership and test drive each vehicle you are considering.

7. Close the deal

Now that you know have found the best vehicle for you and your needs, it is time to talk money with the dealer. Make sure the final price is exactly on which you and the sales representative has agreed.