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So you downloaded the car buying app…

"Now what?"…

Here's 6 Car Buying Tips for before, during and after your "7-day moneyback guarantee"! 

1. Do market research.
2. Do cost of ownership research.
3. Get an insurance quote.
4. Take the car for a test drive.
5. Get a pre-purchase inspection.
6. Review and read documents.

Market Research:

There's this thing called MSRP (Manufacture's Suggested Retail Price), this is the "original" asking price. You want to know the MSRP so you can compare the current asking price. In traditional dealership car buying you could ask for the "Out the Door" breakdown however you're the dealer in this process lol, so take some time and look at fees and taxes cost (e.g. add-on's and document fees).

Ownership Research:

Research things like the cost of title and registration in your state. Gather information about general and mechanical matinence cost. Check consumer reports (e.g. Carfax, KBB, Caredge). There's a lot that goes into vehicle ownership, having an estimate of likely cost can help when choosing the car best for you. 

Insurance Quote:

Explore your options for insurance and get a quote. Be sure to check and see if you receive a discount through your employer. When researching insurance look in to getting Gap (Guaranteed Asset Protection) insurance. Gap insurance is coverage for what the car is worth and what you still owe on your loan. Also check insurance plans deductibles amount. A Deductible is the amount you pay first before the insurance company pays. Knowing these can help you when narrowing down the "❤" list to the one you like the most.

Test Drive:

Thoroughly examine the interior and exterior. Check the features and "add-on's". It sounds simple enough but when they drop that awesome automobile off, test drive it. 

Pre-Purchase Inspection:

During your "7-day moneyback guarantee" you want to get a pre-purchase inspection to have impartial evaluation of your vehicle. Be sure to check with the "guarantor" as the inspection cost may be covered by them. This inspection insures the car is up to safety specs and gives you the chance to negotiate if issues are uncovered.

Review Documents:

I'm sure you are noticing buying and maintaining a car is quite the responsibility but remember you've got this! Checking your documents can help you know how to care for and what is covered for your car. Read your policies and agreements. Some companies slip fine print clauses you may want to opt-out of (e.g. arbitration).

Now you've braved the many faces of car buying and are ready to hit the open road…