Question: How Do I Choose My First Car?

Should your first car be new or used?

The best way to save money is to buy used.

A new car loses almost half its value in the first five years, so go for one that’s a few years old yet still has contemporary safety features and many useful years ahead of it.

Buying used also means a nicer car for the money than possible if buying new..

How much mileage is too much?

Typically, putting 12,000 to 15,000 miles on your car per year is viewed as “average.” A car that is driven more than that is considered high-mileage. With proper maintenance, cars can have a life expectancy of about 200,000 miles.

What should I look for when buying my first car?

These tips to know before buying a car will help ensure you get the vehicle you want at a price you can afford.Know Your Budget. … Do Your Research. … Explore Your Financing and Purchasing Options. … Improve Your Credit Score. … Save for a Down Payment. … Consider Buying Used. … Get the Car Inspected. … Negotiate the Price.More items…•

What is a good price range for a first car?

All that being said I would recommend the average person save up $5000-$10000 for there first car. If you really don’t mind a beater vehicle you can spend as little as $2500 of an older Japanese sedan that has been taken care of. Just try to avoid rust anywhere on the vehicle.

What used cars NOT to buy?

30 Used Cars Consumer Reports Gave the ‘Never Buy’ LabelChrysler Town & Country. Chrysler’s new minivan will hopefully rate better than Town & Country. … BMW X5. 2012 BMW X5 | BMW. … Ford Fiesta. Compact cars by Ford had a bad run between 2011 and 2014 | Ford. … Ram 1500. 2015 Ram 1500 | Ram. … Volkswagen Jetta. VW Jetta | Volkswagen. … Cadillac Escalade. … Audi Q7. … Fiat 500.More items…•

Which month is the best month to buy a car?

The months of October, November and December are the best time of year to buy a car. Car dealerships have sales quotas, which typically break down into yearly, quarterly and monthly sales goals.

How do you talk down a car dealer?

How to Negotiate a New Car Price EffectivelySet the Ground Rules. Rather than be drawn into a discussion on the salesperson’s terms, let him or her know: … Down to Brass Tacks. Start the negotiations with your precalculated low offer. … Hold Your Ground. A salesperson’s initial reaction might be dismissive. … Know When to Walk. … Know When to Say Yes. … Time to Talk Trade-In.

How do you beat a car salesman at his own game?

Here are 10 tips for matching or beating salesmen at their own game.Learn dealer buzzwords. … This year’s car at last year’s price. … Working trade-ins and rebates. … Avoid bogus fees. … Use precise figures. … Keep salesmen in the dark on financing. … Use home-field advantage. … The monthly payment trap.More items…•

What is the best car for a 17 year old?

The 5 best cars for 17-year-oldsŠkoda Citigo. The Škoda Citigo is aimed at younger drivers. … SEAT Mii. This Spanish version of the virtually identical Škoda Citigo is zesty yet practical. … Citroën DS 3. It’s great to feel 17 years old again. … Suzuki Swift SZ4. The Swift is fun to drive and has nimble handling. … Kia Picanto.

What is the safest car for a 16 year old?

Updated July 30, 2020Small carsModel yearsPriceToyota Camry2012 or newer$7,500Toyota Prius v2012-14$7,800Honda Accord sedan2012$7,900Hyundai Sonata2015-16$10,10023 more rows

What is a good first car 2020?

The 2020 Toyota Camry scores a spot near the top of our ranking of midsize cars. It is the winner of both our 2020 Best Midsize Car for the Money and Midsize Car for Families awards. In addition to an above-average predicted reliability mark, it earns a perfect 10 out of 10 safety score.

What car should I buy for my first car?

The 2012 Ford Fusion was the winner of U.S. News’ Best Affordable Midsize Car for the Money and Best Affordable Midsize Car for Families awards. It offers a strong available V6 engine, agile handling, and first-rate interior quality. The Fusion also provides a smooth ride and has a large trunk.

What is the cheapest but fastest car?

2020 Mazda MX-5 Miata. … 2020 Dodge Challenger R/T. … 2020 Nissan 370Z. … 2020 Ford Mustang GT. … 2020 Dodge Charger R/T. … 2020 Chevrolet Camaro SS. … 2020 Subaru BRZ. $28,845 | 205 hp | USN Performance Score: 8.0/10. … 15 Fastest Affordable Cars in 2020. 2020 Subaru WRX: $27,495 | 268 hp | USN Performance Score: 7.7/10.More items…•

Why you should never pay cash for a car?

That is because credit card debt is unsecured, and a car loan is secured with the product that you drive off the lot. … A person who bought cash for their car, may be using their MasterCard for grocery shopping and bleeding money in interest rates each month, even if it’s paid on time.

What should you not say to a car dealer?

10 Things You Should Never Say to a Car Salesman“I really love this car” You can love that car — just don’t tell the salesman. … “I don’t know that much about cars” … “My trade-in is outside” … “I don’t want to get taken to the cleaners” … “My credit isn’t that good” … “I’m paying cash” … “I need to buy a car today” … “I need a monthly payment under $350”More items…•

Are cars a waste of money?

That’s because the moment you drive it off the lot, the vehicle starts to depreciate: Your car’s value typically decreases 20 to 30 percent by the end of the first year and, in five years, it can lose 60 percent or more of its initial value. To make matters worse, “most people borrow money to buy that car,” says Bach.

What is the best starter car for a teenager?

Best First Cars for TeensBEST OVERALL. Volkswagen Golf. See Photos. Starting Price: $21,805. … BEST MIDSIZE. Toyota Camry. See Photos. Starting Price: $24,565. … BEST SPORTS CAR. Mazda 3. See Photos. Starting Price: $18,990. … BEST ALL-WHEEL DRIVE. Subaru Impreza. See Photos. Starting Price: $19,355.

What cars last the longest?

See the full list of the longest-lasting car brands below:Toyota. Toyota Land Cruiser. Hollis Johnson/Business Insider.Honda. Honda Accord. … GMC. GMC Sierra Denali. … Chevrolet. Chevy Silverado. … Ford. Ford Mustang. … Lincoln. Lincoln Navigator. … Subaru. Subaru Crosstrek Limited. … Jeep. Jeep Wrangler Unlimited. … More items…•