Car Loan 2021

Car Loan 2021

Today we will discuss car loans. we A car is a high value-added good, which requires resources not only to be paid off but also to be maintained. With this in mind, consider: Is your financial life organized enough to give you the freedom to make a big purchase?

To arrive at that answer, you need to make a fair assessment of your wealth and income. So find out exactly where your money is going. Apply For Car Loan

The best way to do this is to catalog and organize any and all expenses you incur during the month. Start by writing down fixed and predictable costs, such as paying rent, your spending on public transport, and paying off your electricity, water, and internet bills.

Then analyze specific areas. So, in the food category, make a note of your spending on purchases for the month and on meals eaten away from home — from weekend pizza to snacks bought at the bakery next to work.

Also specify your leisure expenses, such as paying for concert tickets or subscribing to streaming movies or music services.

Finally, make a survey of your outstanding debts: credit card, overdraft, personal loans, financing. At this point, it is important to make a hierarchy of these pending items according to some criteria, starting with the interest rate, going through the monthly installment, and going up to the total amount due.

After making this complete diagnosis of your financial life, you will be able to know very well what percentage of your salary goes to essential bills, what portion is used to pay debts, what amount takes care of food and transport, and so on. on.

With this, it is possible to see in which areas of life you are spending more than you should, which will open a window for adjustments.

  1. Choose the best time
    Then, consider whether you’re at the right time to buy a car or whether your priority is still in other stages of your growth — paying for college, for example. However, it’s worth remembering that it’s not because you can’t buy a vehicle now that you shouldn’t start saving to do it anytime soon, right?

How to choose the first car?
Now that you know what the initial steps are to accomplish the goal of the first car, we can go ahead and talk a little bit about choosing the car itself. That is, we can assess which models and features make — or not — sense to you.

With that in mind, we have separated, in this topic, some tips for you to know how to choose the best vehicle. Check out!

  1. Think about needs
    The choice of car must be guided, in the first place, by necessity. In other words, you need to choose a car that is compatible with your reality. For example, if you have or are planning to have children in the near future, the ideal is to look for a model that already offers greater space and more comfort — and that prioritizes the issue of safety.

In the same sense, if you intend to use the car for daily commuting, the ideal is to choose a more economical model, as the cost of fuel can weigh heavily on the budget — especially when the vehicle is very “drinking”.

For those who prefer to travel, the ideal is a car with a spacious trunk. On the other hand, if you only drive through large centers with limited parking space, a small car might be the best solution.

As each individual or family has a specific need, it is interesting to make a list with the features that cannot be lacking in the vehicle that will be purchased.

The tip here is to focus on needs and forget about desires. After all, even if a person wants a very powerful car, it doesn’t make sense to buy it if the function is to drive inside a city with heavy traffic.

By listing the necessary topics, you don’t run the risk of buying a good that won’t adapt to your daily routine and problems.

  1. Check the budget
    After evaluating your needs, it is essential to check the budget available for purchase. After all, difficulties in paying for the vehicle can bring many financial and personal problems.

It is recommended that the value of the installment refer to, at most, one third of the income. However, as this value is quite high, it is interesting to carry out simulations in the most varied forms of payment, in order to guarantee the lowest interest rate and the greatest comfort.

  1. Quote prices
    One of the most pleasurable phases in acquiring your first car is research. It is at this crucial moment that you will have contact with your new purchase possibilities, keeping yourself motivated. That way, don’t be tempted to buy immediately, either because of anxiety or pressure from a seller.

So, what should really be your attention at this point? First of all, research the difference in values between new and used cars . It is worth remembering here that it is important to go beyond the net price. Assess average maintenance cost, insurance price, fuel costs, etc.

It is also important to compare makes and models. If you want a hatchback, check out all of each manufacturer, both through ads and doing the famous test drive. Sometimes it’s worth spending a little more on something that fits your preferences and needs better than spending years bemoaning a less-than-significant savings.

Finally, don’t forget to track the depreciation rate of the vehicle you are looking to purchase. After all, over time, you may want to change it for a more modern or even a different price range or style. For that reason, it’s important to know if your first car will still be a good deal at that time.

  1. Analyze the technical and mechanical specifications of the car
    Among the main recommendations when buying a new car is carefully evaluating all the technical and mechanical specifications of the chosen model, so that the vehicle taken to the garage meets your daily needs. Although this can be difficult, especially for those who do not understand much about the subject, such care avoids a series of frustrations after the acquisition is made.

Therefore, it is important to consult specialized sources in order to gather opinions about the models that piqued your interest and see how they can improve the use of the vehicle.

Understanding what an automatic transmission is and how it works, for example, can help you choose those cars that have this standard item or consider it unnecessary for your needs or for how much you are willing to spend.

Fortunately, with the internet, it is possible to find places with specialized information and that bring a series of opinions, analyses, ratings, comparisons and other content that will help in consolidating your purchase decision.

However, when evaluating all the car’s components, it is also essential to check some relevant specifications, which go beyond the aesthetic issue and the comfort offered by the model.

Thus, before getting your hands on the keys of the new car, consider the average consumption per kilometer driven, the trunk capacity, the cost and the frequency required for maintenance, for example.

All of these points affect how much it will cost to maintain the car; therefore, it is important to consider them carefully, so that this investment does not weigh too heavily on the daily budget.

  1. Test drives
    After all the research and evaluation of the technical and mechanical specifications of countless models, it is natural that the buyer will be in doubt between two or three. The best way to resolve this issue is to test drives, to effectively put your hands on the wheel and your foot on the gas.

This is important because details — such as the seats and the height of the dashboard — can make a big difference in everyday life, and these features are only noticed when the user tries out the car. So, during the test drive, don’t hesitate and ask as many questions as possible about the model being tried.

How about some additional tips?
Now that you’ve organized your financial life as a whole, it’s time to focus on your vehicle purchase.

At this stage, you should think about the specific aspects of purchasing a car, deepening your knowledge of what you need to do until you close the deal. Are you ready? So here we go!

  1. Negotiate with the Dealer
    You may have found the ideal car, from that brand you like so much and at a price that fits your budget. Is it time to close the deal? Calm! Paying isn’t everything.

As a buyer, you can not only negotiate the best terms and benefits. And it is possible to do this directly with the dealership.

Today, dealers can offer a wide range of services, ranging from free license plates, including more items in your car for a reduced price (such as air conditioning or electric windows) to payment or cost-sharing, as the first IPVA or the fuel of the initial months. Visit

New cars also come with a factory warranty, which can be extended if you get a good deal from the dealership. Before closing the purchase and signing the contract, consider whether you can get discounts on scheduled maintenance visits or on services you will need in the future — such as alignment and tire set replacement.

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