buying a new car

If you need to replace a vehicle, you may be feeling overwhelmed by all the makes and models available and struggling to figure out which to choose. Thinking about your family’s lifestyle and your budget can help you narrow down your options.

How Will Your Family Use the Vehicle?

Your needs will drive your decision-making process. If you need a vehicle to drive to and from work, take your kids to school and afterschool activities, and run errands, a sedan may work fine. If, however, you have a large family, your kids participate in sports that require you to haul a large amount of gear, or you like to go on weekend camping trips, you may find an SUV more practical. If you run a business that requires you to haul supplies, or if you like to fix up your property, you may prefer a pickup truck or van so you can transport tools and materials.

Which Features Are Important to You?

Safety should always be a priority, but you may prioritize other features, such as an entertainment system for your kids. Don’t choose a vehicle simply because it has a lot of bells and whistles. Think about what your family would actually use so you don’t spend extra money unnecessarily.

Should You Buy a New or Used Vehicle?

If you purchase a new vehicle, you’ll be the sole owner, and you’ll know the car’s entire history. You may qualify for rebates and incentives that can bring the final cost well below the sticker price. A new car will depreciate quickly, however, and it may cost more to insure than a used vehicle.

If you buy a used car that’s only a few years old and has low mileage, most likely it will be in good condition and will last you several years. It may also cost significantly less than a new car. Before you purchase a used vehicle, find out if it has been involved in any accidents.

How Much Can You Afford?

Price may be a determining factor. Figure out your budget before you begin shopping for a vehicle. If you fall in love with a particular model that’s outside your price range, you may take out a large loan and struggle to keep up with the payments.

Make a list of all your monthly expenses, compare the total to your income, and figure out how much you can comfortably afford. Leave room in your budget for gas, insurance, and maintenance.

Compare Insurance Rates

No matter what type of vehicle you choose, you’ll need car insurance. Rates vary widely from one carrier to another, and factors such as your age, how far you drive, and whether you’ve been involved in collisions in the past can influence your premiums.

Petruzelo Insurance can help you compare quotes from several insurers so you can get the coverage you need at an affordable price. Contact us today to learn more.