Automotive Expert Bob Wilkinson Talks About What to Look For in a New Vehicle
When it comes to searching for a new vehicle, either for yourself or for your family, it’s important to turn to a trusted source of information. Bobby Wilkinson Ottawa has been helping people find their perfect vehicle for over 15 years and knows a thing or two about what to look for. While this can be a nerve-wracking and stressful purchase, his experience and knowledge can turn stress into excitement. Here are three things you need to keep in mind for when buying a new vehicle.
- What is the car’s primary purpose?
Finding out why you are buying a vehicle is the first step in making a responsible purchase that you won’t regret later. Is this vehicle for leisurely drives on the weekends? As a commuter car for your 9-5 job? Or do you want your car to make a statement about who you are as a person? Whatever the reason may be, make sure you know what you want out of the vehicle.
- What does your budget look like?
Let’s face it, not all of us can afford a Rolls Royce, and that’s okay! There are plenty of cars on the market that won’t break your bank or have you eating ramen noodles at the end of every month. It is standard advice to make sure that whatever your take-home pay is (meaning after taxes are taken out), your car payment should not be more than 15% of this.
If you’re renting a car, that figure drops down to 10%. You don’t want to end up being unable to afford your payment, as this can cause serious issues with credit or it could end up with your car being repossessed down the road.
- How much will your car cost to own?
You should weigh in gas mileage, wear-and-tear, insurance, etc. when calculating what you can afford each month. Just as there is a 15% monthly guide for your car payment, you should adhere to the rule of 7% for gas and insurance.
Another factor to consider is depreciation, which is something a lot of car buyers do not take into consideration. Some cars lose value very quickly, while others hold their value for years. All of these are good things to keep in mind in order to save yourself thousands of dollars over the course of your car’s lifetime.
With so many things to consider when purchasing a new vehicle, it’s understandable that people get stressed while shopping for one. Keep these tips in mind and then give Bobby Wilkinson a call. He’s helped thousands of people get into new cars and he can help you, too!