10 Steps to Buying a New Car
Step 1: Determine Your New Car Budget
By now, you should have chosen a car that meets your needs, as described in "10 Steps to Finding the Right Car for You." Now, take a moment to make sure this car is in your budget by using the "Affordability Calculator." If the car seems out of your price range, don't despair. In the next step, you might find that there are rebates available that will bring the price down.
You should also decide how you're going to pay for that new car. Will you:
- Finance the car with a loan?
- Lease the car?
- Pay cash for the car?
Each financing method has its own benefits. Paying cash is pretty self-explanatory. But many people can't decide between leasing and buying the car with a loan. Read more about leasing versus buying so you can choose the right path for you.