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4 min read Published May 06, 2022
Writen by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in assisting readers in navigating the ways and pitfalls of borrowing money to purchase the car they want.







Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since late 2021. They are passionate about helping readers gain confidence to control their finances by providing concise, well-researched, and clear information that breaks down otherwise complex subjects into digestible pieces.









The promise of the Bankrate promise
More information
At Bankrate we aim to help you make better financial decisions. While we are committed to strict editorial integrity ,
this post may contain some references to products offered by our partners. Here's a brief explanation of how we earn money .

The promise of the Bankrate promise
Established in 1976, Bankrate has a long track record of helping people make smart financial choices.
We've maintained this reputation for more than four decades through demystifying the financial decision-making
process and giving people confidence about the actions they should do next. process and gives people confidence in the next step.
So you can be sure you can trust us to put your needs first. All of our content is created in the hands of and edited by
We make sure that everything we publish ensures that everything we publish is accurate, objective and trustworthy. Our loans reporters and editors focus on the things that consumers care about most -- the various kinds of loans available and the most competitive rates, the best lenders, the best ways to repay debt and much more. So you'll feel safe investing your money.



Integrity in editing
Bankrate adheres to a strict code of conduct , so you can trust that we put your interests first. Our award-winning editors and journalists provide honest and trustworthy content to help you make the right financial choices. Key Principles We appreciate your trust. Our goal is to provide readers with reliable and honest information. We have editorial standards in place to ensure that this happens. Our reporters and editors thoroughly fact-check editorial content to ensure the information you're reading is true. We have a strict separation between our advertisers and our editorial team. Our editorial team doesn't receive compensation directly by our advertising partners. Editorial Independence Bankrate's editorial staff writes in the name of YOU the reader. Our aim is to provide you the most relevant information to assist you in making wise financial choices for yourself. We adhere to strict guidelines in order to ensure that our editorial content is not in any way influenced by advertising. Our editorial team is not paid directly from advertisers, and our content is checked for accuracy to ensure its truthfulness. If you're reading an article or review, you can be sure that you're receiving reliable and dependable information.



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If you have questions about money. Bankrate has answers. Our experts have been helping you master your finances for over four years. We are constantly striving to provide consumers with the expert advice and tools needed to succeed throughout life's financial journey. Bankrate follows a strict policy, so you can trust that our content is truthful and reliable. Our award-winning editors, reporters and editors create honest and accurate content that will help you make the best financial decisions. The content we create by our editorial staff is objective, truthful and is not influenced through our sponsors. We're transparent about how we are able to bring quality information, competitive rates and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated for the promotion of sponsored goods or services, or through you clicking specific links on our website. Therefore, this compensation may affect the way, location and when products appear within listing categories, except where prohibited by law for our mortgage, home equity, and other home lending products. Other elements, such as our own proprietary website rules and whether a product is available in your area or at your self-selected credit score range may also influence the way and place products are listed on this website. While we strive to provide an array of offers, Bankrate does not include specific information on every financial or credit product or service.



With thousands of car options that are available, there's no perfect vehicle for everyone, but there's one that is perfect for you. Choose a car based on your requirements. Since there are many options out there, research your budget, your purchasing choices, your fuel efficiency preferences, and much more before you set onto a car showroom. How do you find the right vehicle for you? Buying a car is an investment of a lifetime. In order to ensure that you walk away content with the purchase take a look at these questions first. 1. What's your budget? Decide how much you're willing spendeach month, and overall. Consider the , including the anticipated maintenance expenses, fuel cost and insurance in addition to your monthly payment. A site such as Edmunds can help you estimate the amount each of these items will cost over a five-year time. It is also possible to use the site to find out how the different rates and repayment terms affect your monthly payment and the total interest you'll pay. 2. Who's driving? The primary drivers of the car will determine which models you search for. If you're a parent buying a car that a teenager is likely to use, an SUV or pickup truck probably isn't the best option. If you have a large family or will be driving with your kids between school and practices for soccer, then you'll require cars with more seats and storage. 3. What's the primary purpose? Comfort and gas mileage should be major considerations if your car will mainly be used to commute between work and home. Visit the dealer and drive around in the car prior to purchasing it. Take the time to alter the seat and temperature control system to find out if it's the right fit. If you're in a region that is cold, test-driving in cold weather can be a good opportunity to determine how fast windows get defrosted and how quickly the car warms up. Take note of where you'll be driving, the items you'll be carrying with you , and the length of your drive will take. For long road trips or trips that are expected to be on rough terrain, look into models that can withstand wear and wear and tear. Also, a smaller car is a better choice if the majority of your travels are on city streets that are narrow. 4. How much horsepower do need? For the majority of people, a car with four cylinders is both reliable and efficient. You will also spend less on repairs and maintenance. However, if you enjoy racing or accelerate rapidly onto crowded freeways the four-cylinder vehicle may disappoint you. 5. Do you need to tow or haul frequently ? Need a vehicle capable of towing a boat or RV? Many small cars simply don't have the power, transmission or chassis needed to cope with the demands. Even some smaller SUVs can't handle the job, so make sure you check the towing capacity of your vehicle and payload capacity. If you are planning to buy an extra large vehicle to haul equipment, make sure it will fit in your garage. This is something that many drivers forget, but certain SUVs, trucks and vans are too large or wide for garages in many areas. Make sure to measure before you buy. 6. Do you consider the importance of fuel efficiency to you? Before signing off on a new car, consider the amount you're willing to spend for gas. Economy cars and hatchbacks usually get the best mileage, especially those that are conventional or plug-in hybrids. A more luxury vehicle will require premium gasoline, which tends to cost more than the regular or mid-range fuel. Be sure to look up the price before you leave. It may be worth it to spend a bit more in advance and avoid unnecessary trips to the gas station. But , it is important to ensure that the cost is worth it. If you will be paying thousands of dollars more for a hybrid but you don't expect to save that much in fuel, it's not worth the extra cost when you are only looking to save money as your primary objective. 7. How long do you plan to keep it in use? Certain cars appreciate faster than others. Take a look at the car guide and look through Kelley Blue Book or Edmunds to see what holds its value. This is crucial if you go through your cars fast and you'll get a more favorable deal for a trade-in vehicle that hasn't lost significant value over the course of its first five years. Certain cars are just that. Subarus, Toyotas, Fords and Hondas are all well-known for their longevity They're great places to start if you're hoping to maintain your vehicle for more than 100,000 miles. 8. Do you wish to lease or purchase a car carry different financial burdens. It is an alternative if you're looking for the newest vehicle available with no monthly payments. month, however you will not be able to recoup the cost by selling your car at the end of your lease. You'll also have be vigilant on the cleanliness and condition of your vehicle. Additionally, you may have to contend with mileage caps. The purchase of a vehicle puts you fully in control, and you won't have to worry about mileage limitations. However, you'll typically have to keep the car longer than you would with leasing to be able to justify the cost of it. Monthly payments will likely be higher, too. The most important thing to driving out of the dealership happy with your new car is preparation. Decide what's important to you prior to deciding on a vehicle. Style may be more important than the size or fuel efficiency may matter more than seat. Each factor has its pros and cons Do your homework to find the vehicle that will suit your needs for future years. Learn more


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Authored by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the details of using loans to buy the car they want.



Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers gain confidence to manage their finances through providing clear, well-researched information that break down complex topics into digestible chunks.






Auto loans editor




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