How to Buy a New Car

2021 Subaru Ascent
Starting your search for a new car in Bellaire? Especially at the beginning, the car-buying process can feel overwhelming—not least because a new car is a major financial commitment. In this guide from the Serra Traverse City finance center, we’ll walk you through how to buy a new car step-by-step, and share our tips to help you decide when to buy a new car. Don’t hesitate to reach out if you have further questions about auto financing or insurance coverage!

When to Buy a New Car

The first step of buying a car is deciding when to buy a car. Buying too soon or waiting too long to replace a failing vehicle may actually cost you more in the future. So how do you know whether to buy now or buy later? You should strongly consider buying now if you ‘d answer “yes” to these questions:

  • Does your current car cost you more in repairs than new car payments would cost? Estimate monthly auto payments for a new car, and then divide your yearly auto repair costs by 12. Now compare the monthly costs to see if your older vehicle is actually costing you more!
  • Does your current car’s condition make you feel unsafe while driving in Kalkaska? Involvement in a collision could cost you a whole lot more than a new . Even more importantly, you can’t put a price on your safety!
  • Does your current car no longer fit your lifestyle? Giving up a car you love can be hard, especially if it’s still in good condition. But if your current car doesn’t have the cargo space you need, or isn’t efficient enough for your Lake City commute, it’s not worth what you pay for it each month. Keep in mind that you can save on a new vehicle by trading in your current car at Serra Traverse City!
  • Does your car routinely fail emissions tests? If so, you can expect to pay a lot for repairs. Knowing when to buy a new car means thinking about how much you can save years down the line. Sometimes, it’s best to simply cut your losses and move on.

How to Buy a New Car that Fits Your Budget

After deciding when to buy a new car, you’re ready to find a car you love! And don’t think you need to give up on your dream car if you’re sticking to a strict budget. From pre-owned luxury models, new vehicle specials, and flexible financing options, you can find a car you love at a price that fits your budget. Here’s what to keep in mind as you start your search and set your budget:

  • New Car Sales Tax — This non-negotiable tax is typically added to your car loan amount, so be sure to factor it in.
  • Interest Rate — The higher your credit score, the lower interest rates you can get from your lender. We recommend boosting your credit score as high as possible before applying for an auto loan.
  • Lease Deals — Looking for the latest connectivity and convenience features at a lower price? Leasing may be a great choice for you.

Lease or Finance a new in Traverse City

From low-mileage certified pre-owned vehicles to high-quality models priced under 10K, there’s something for every buyer at Serra Traverse City. Contact us to schedule your test drive, or visit our showroom in Traverse City today!

Serra Traverse City 44.735181, -85.594550.