As you begin your career, you might suddenly realize that your beat up old faithful from college looks a little shabby parked in the company lot. Though I don’t believe a car determines your worth as an employee in any way, it might boost your confidence to have a vehicle to match your new professional image.
Car buying can be a real challenge. If you are anything like me, car buying was uncharted territory. My Dad handled the negotiations for my first vehicle and so I had no idea how this whole car buying thing worked when it was my turn. Thankfully, after a few days of intensive research on cars / car buying, I gained some great tips from friends and the Internet. The experience was a lesson in negotiation, assertiveness, and stamina. This was not an easy ride, but Roxy (my first new car) was definitely worth it. I thought that I would share some of my new-found car buying wisdom here for those interested.
1. Know that car buying is an endurance sport. Do not expect to sprint through the car buying process! Rushing to a purchase might prevent you from getting the best bang for your buck. If done correctly, the process will take several days – even weeks – so plan accordingly.
2. Determine your budget. This article provides great information on choosing the right car to fit your budget. If you will be financing your vehicle, use this Payment to Income Budget Calculator to determine your recommended monthly payments by gross monthly salary. Read the rest of this entry