In terms of the most important choice that can be made in life, the type of car to buy is undeniably vital. One of the reasons for this is the slew of variables that can change from car to car. If you believe that purchasing a car has to be an almost impossible endeavor, this is not necessarily the case, provided you understand financial information offered by various specialists, Bob Jain included. In order to illustrate this point, here are 3 steps to taken when going about cost-effective car shopping.
1. When purchasing a car, try to weigh the pros and cons of used and new models. On one hand, newer models do not have any miles on them but their prices may not be the most feasible for most individuals. Used models are more affordable by comparison but you may never know what is truly wrong with them until you've had them for extensive lengths of time. In order to have a better understanding of each car, see if you can test drive them.
2. Chances are that you are looking to either trade in or sell your older car, which means that you have to see about the value of your older ride. This is going to hinge on a number of factors, some of them more visible than others. For example, if there are two cars of the same make, the one that is less dented and banged up is likelier to net a greater price. If you are confused as to what you should look out for, in terms of value, a mechanic or other specialist will grant you a better understanding.
3. Affordability is another vital component to think about when it comes to car buying, as Bob Jain will tell you of. In terms of how much money should be invested, I believe that the general rule of thumb is to put forth only around 20 percent of your monthly income. While this statistic may vary, depending on certain financial situations, it is the safest bet when purchasing a car. Whatever the case might be, the ability to maintain a budget is substantial and, according to names in finance the likes of Jain, this is especially true when purchasing a new or used car.
Purchasing a car can be both an enjoyable time in one's life and, in other senses, a great nightmare. This all depends on how you approach the matter and what you know as far as strong approaches are concerned. The tips above will be able to help you better understand how to purchase the best possible car for you. Not every selection will be the best for you but if you are able to pinpoint a single car that can last, your shopping endeavors will be deemed successful.
1. When purchasing a car, try to weigh the pros and cons of used and new models. On one hand, newer models do not have any miles on them but their prices may not be the most feasible for most individuals. Used models are more affordable by comparison but you may never know what is truly wrong with them until you've had them for extensive lengths of time. In order to have a better understanding of each car, see if you can test drive them.
2. Chances are that you are looking to either trade in or sell your older car, which means that you have to see about the value of your older ride. This is going to hinge on a number of factors, some of them more visible than others. For example, if there are two cars of the same make, the one that is less dented and banged up is likelier to net a greater price. If you are confused as to what you should look out for, in terms of value, a mechanic or other specialist will grant you a better understanding.
3. Affordability is another vital component to think about when it comes to car buying, as Bob Jain will tell you of. In terms of how much money should be invested, I believe that the general rule of thumb is to put forth only around 20 percent of your monthly income. While this statistic may vary, depending on certain financial situations, it is the safest bet when purchasing a car. Whatever the case might be, the ability to maintain a budget is substantial and, according to names in finance the likes of Jain, this is especially true when purchasing a new or used car.
Purchasing a car can be both an enjoyable time in one's life and, in other senses, a great nightmare. This all depends on how you approach the matter and what you know as far as strong approaches are concerned. The tips above will be able to help you better understand how to purchase the best possible car for you. Not every selection will be the best for you but if you are able to pinpoint a single car that can last, your shopping endeavors will be deemed successful.
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Contact Bobby Jain Credit Suisse if you are searching for some additional information about Bob Jain.. Free reprint available from: Buying A Car & 3 Economical Tips By Bob Jain.
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