The average American spends 101 minutes out of every day driving. That might not seem like a lot, but it equates to more than 25 entire days over the course of a year.
When you’re buying a car, you’re choosing the object that’s going to be your main mode of transportation, your occasional shelter from the rain and cold, and a place in which you’ll make countless memories, good and bad.
That’s why it’s so important for everyone to put the proper thought, care, and planning into the process of choosing new cars.
Factors to Consider When Choosing New Cars
There are many different points to take into account, but today, we’ll take you through only a few of the most important factors to consider when choosing a new automobile.
1. Cost of Ownership
If you’ve owned a car before – or even if you haven’t – you’ll likely know that much more money goes into car ownership than just the purchase price.
As well as the initial cost of the car itself, you’ll need to think about insurance, fuel costs, possible repairs, parking spaces, and a whole lot of other added extras.
All of these things should be factored into your budget for cars before you even begin your search, so you’ll be able to clearly see the type of car you can afford.
2. Your Lifestyle
When buying new cars, it is important to like the look and feel of whatever one you eventually choose, but also to make sure that it’s a practical choice, too.
Make sure the car fits into your lifestyle seamlessly and functions the way you need it to. If you have a narrow drive, for example, you’ll need a more compact model. If you live in an area with bad roads, you’ll need something sturdy and reliable.
3. Gas, Electric, or Hybrid Car?
You’ll also need to think about whether you want your car to run on gas, electricity, or be a hybrid. There are distinct advantages and disadvantages to each.
Don’t just assume you know which one you want, and blindly discount any other choices. It’s important to do your research and figure out what’s best for you in your situation.
4. Desired Features
Every car owner is different, and will each have particular things they want from their cars. It’s important to differentiate between your needs and your wants.
Once you do, however, making a list of features that you want as opposed to need is a great way to decide between several options for cars.
Do you want leather seats? Extra legroom? A matte finish? These things may not be as important as some of the mechanical considerations, but they can be useful in helping you make your final decision.
5. Residual value
Residual value refers to the possible resale value the car will be worth when the time comes for you to sell it. This is important to consider, as a car is a long term investment.
In order to determine what the possible resale value of your car might be a few years down the line, you need to take into account the condition of the car itself, its model, and the market.
6. Your Final Budget
When you go looking for a car, you should always know how you’re going to finance it, and what the absolute most you’re willing to pay is. Stand firm on your final price, otherwise you could end up paying more than you intended with no way to finance it.
If your budget is relatively tight, you may want to consider used cars or trade-in offers from dealerships, to get the most out of your money.
Finally, Take Your Time
One of the most important things to remember when choosing new cars is to take your time. Purchasing a vehicle is a big decision and one that should neither be rushed into nor taken lightly.
If you’re looking for the perfect new car, consider a Subaru. At Terry Subaru, we’ve got one of the widest ranges of new and used Subarus in the Lynchburg, VA area, and the Subaru expertise to go along with it.
Come visit us today, or browse our extensive range of top of the line Subaru cars from the comfort of your home.