Factors to Guide Your Decision. What Car Should I Buy?
Buying a new or used car is a confusing process. There are so many choices out there. It works the best when you can approach it systematically. Here are 12 factors for choosing the right car for you.
1. Your Budget
One of the most significant determinants of what kind of car you will buy is your budget. A good rule of thumb is not to exceed 10% of your take-home pay on a car payment.
2. Your Needs
Your vehicle can be a critical component for your job or side hustle. Therefore, it is essential to consider how far your commute is, and if you drive it during your work, this becomes even more important.
3. How Big does it Need to Be?
Do you need a vehicle to carry around multiple passengers? Do you need space for hobbies? As a general rule, everything is more expensive with a larger car.
4. Fuel Economy
Usually, fuel economy is at the top of the list of important factors when buying a car or barely makes the radar. The reality is that fuel economy can impact the total cost of ownership of your vehicle.
With vehicles, there are tons of trade-offs. Getting more amenities within your budget will likely mean getting a smaller car. The practical advice would be to get the best platform you can afford and skip the amenities.
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