First Time Buyers: What Owning a Car Actually Costs You!

NY Preowned Car Dealer | New York Used Car Finance

Purchasing a New or Used car is quite a thrilling event, whether it’s your first, second, or seventeenth vehicle. The purchase is always an important one, and should be approached wisely. Don’t be tempted by that flashy little speedster with the hefty price tag. Don’t be swayed by that greasy car salesman pushing his overstocked inventory. Take into serious consideration your monthly income as well as any debts you currently owe. Remember, the cost of a car doesn’t end once you’ve driven off the lot - it’s a lifetime commitment. Make sure you understand and can fully commit to all the costs of owning a vehicle before you buy. We’ve got just a few of the factors you’ll want to consider before sliding behind the wheel of your next car.

You’ll Need Fuel

Of course you know your new car is going to need gas. Take this into consideration. By purchasing a vehicle that is fuel-efficient, you’ll save quite a bit of money over the life of the vehicle. Even if it costs you a bit more up front, you’ll end up saving in the long run by choosing a gas-sipper over a gas-guzzler.

Maintenance Costs

Don’t forget to factor in the costs of keeping your car in tip-top shape. Check the ratings and maintenance trends of any models you’re interested in. Some cars come with higher maintenance needs than others; make sure you know what you’re getting yourself into before you commit.

Gotta Be Insured

Insurance is an unavoidable aspect of car ownership. Obviously, it’s illegal to drive without insurance. Speak with a knowledgeable professional about how insurance rates work and what a likely monthly premium will be for you. Understand what the insurance rates are on any models you’re thinking of purchasing.

There’s Always Additional Fees

Depending upon the location you purchase your car from, there are fees that’ll be incurred. Speak openly with the dealer regarding what the total cost will be, not simply what the sticker says. Don’t be afraid to ask questions. Speak up if you’re uncomfortable with the costs.

Be smart about your next vehicle purchase by first understanding what owning a car truly costs. For even more information about the costs of car ownership, give us a call or come into Certified Headquarters today! Don't forget to take advantage of our NY Used Car Finance this Spring! We are now serving Long Island, St James, and the surrounding New York areas!