My car got totaled months ago, now I got the money to buy a new vehicle.
Has to be brand new, since used cars here aren't any better of a deal, and I don't know how to work on cars or want to have to go through getting a mechanic to check on it.
The amount I can afford is $30,000, no more than that. I need something that is reliable, and that's it.
1. There's always another car out there. Take time to look at your options.
2. For a $30,000 transaction, you want to not put pressure on yourself. Therefore, don't rush yourself or allow yourself to be rushed.
3. They'll always try to mark you up for add-ons and options you don't need. Don't let them.
4. Calculate the cost of ownership over the next however many years. This is above and beyond the purchase of the car itself.
5. Pay as much of it up front as you possibly can, 100% is by far the best percentage. If you absolutely have to take out a loan, pay that loan off as early as you can.
6. Look at safety scores and reliability. Cars typically go through minor refreshes every year, and major refreshes (generations) every few years. When doing your research, determine the last major refresh and look at scores for that refresh. For instance, if you want a new Honda Civic, the Civics up to 2021 are not as relevant as the
2021 and up Honda Civics. You want to research the Civics that are 2021 and newer.
7. Good places to begin research are the NHTSA, Edmunds, and JD Power and Associates. The Kelley Blue Book always gives an inflated price. I like looking at reviews from Car and Driver, Motor Trend, etc when shopping for a new car.
8. When at a dealership, don't use their free wifi. They'll have the ability to sniff your connection and use that information to give them a competitive edge in your $30,000 purchase. If browsing their website from home, you want to use a private/incognito window and not have other cars from other dealerships in other tabs. If you use multiple different browsers you can keep that information separated.