Buying or leasing a car is one of the biggest decisions we make when it comes to personal finances. For most people, buying a car is considered second in the list of biggest investments after the purchase of a house. For this reason, there’s a lot of factors to consider when buying a car.
At OC Auto Exchange, we want to make sure that you are making the right decision when purchasing a car vehicle from us. In today’s blog, we want to show you some factors that you should consider before making the big decision.
Finances are a delicate factor that people tend to underestimate at times. Owning a car not only involves filling the gas tank and driving it — while this entails most of the things you do with your car, you must also consider other things for your safety and to take care of your investment.
Insurance — Insurance is something that not a lot of people consider when looking at vehicles. For example, if you are willing to pay $300 a month for a vehicle loan or lease and $80 for gas because it is what you can or are willing to pay, then you should also consider how much insurance is going to cost you.
Oil Changes — Oil changes are not expensive. You could be looking at an amount of less than $100 every four to six months (or every 5,000 miles). When you do this, your vehicle will greatly appreciate it.
Included in the oil changes, you should also consider the sporadic tire rotations, air filter changes, and other small items that will keep your vehicle running smoothly. All of these factors can add up to a couple of hundred dollars a year.
Public Transportation — Some people spend a lot of money every month on public transportation when they could be buying or leasing a car and spend a lot less money or at least have the freedom to choose their commute. When you lease or own a car, you not only have the potential to save money every month, but you also have more control over how you spend your time — you don’t have to wait for the bus or take the tedious route that goes through the busiest parts of the city.
This one seems like a no-brainer. However, you might want a certain sports vehicle, when what you really need is a commuter or vise versa. Perhaps transportation in your city is immaculate and you are very happy with your commuting times until you want to go visit family, to the beach, or simply take an afternoon on the weekend to do a long drive.
Maybe you enjoy off-roading more than driving around the city; then a 4x4 vehicle would be your best bet. Or if you like taking long road trips, consider a vehicle that has good gas mileage to save some money in the long run. One thing to always consider when buying a car is to buy the car that you know is going to satisfy your needs, whether your needs are work, long travels, or fun.
No matter what your needs are or which type of car you want, at OC Auto Exchange, we offer a wide variety of vehicles of different makes and models — whatever you are looking for, we will work with you to find it!
Check out our location page to find the nearest dealership or contact our team today to learn more about how we can help you.