A lot of money can go into buying a new home. Whether you were living in an apartment, condo, or simply moving out for the first time, houses can be a good investment to ensure you finally have your own space. While you’re taking in the new scenery and enjoying having a home of your own, you may be considering updating your vehicle, too.
It can be hard to know where to start, especially after investing in a home. You’ll need to find a car that fits your needs for years to come, and that will take some research.
Here are some tips to consider when purchasing a car as a new home buyer:
There are some key questions to ask yourself when you’re considering a new car. Begin by asking yourself some basic questions:
How Many People
Take into consideration how many people you will need to transport in your car. Most vehicles allow up to five people, with the exception of some different models and types. If it will only be you in the vehicle, a two-door, five-seater should be more than enough room. This style is useful if you aren’t planning on having people in the back seat very often.
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If you have a family or live with friends, and you’re the designated transporter, you might want to look into a minivan or three-row SUV. You will want to ensure you provide the necessary room if you need to carry more people, especially children or even a dog or two. An ample amount of back seat space will be useful when there’s a child on board.
How Much Cargo
People aside, if you’re someone who partakes in a lot of activities, such as sports, camping, construction, etc., then you’ll need to take into account the space you’ll require for carrying cargo. Something like an SUV, minivan, or wagon may be an optimal choice for carrying a wide load. The extra space in the back of the vehicle will come in handy if you need to move more stuff into the new house or carry camping or sporting equipment like golf clubs or hockey gear.
For many new home buyers, a pickup truck is useful for carrying heavy loads and a lot of boxes or equipment. Some compact pickup trucks can also be more affordable than SUVs while offering to tow and hauling capabilities. It’s also a good alternative for anyone worried about getting the interior of the vehicle dirty. This may be a good choice if you’re going to use it for work or recreational construction projects, but some pickups don’t offer much room for the family.
How You Drive
Are you somebody who takes long commutes to drive to work? Perhaps you’re in charge of carpool duty or like to take long rides outside of the city. It’s important to note what your driving style is and what you’ll primarily be using the vehicle for.
You may consider something like a sedan that offers comfort and practicality when driving around. Larger SUVs can also provide a comfy interior if you need to take family or friends on the road. If you’re someone who likes to adventure around in your car, you might want to look into the best cars for outdoor enthusiasts, such as Jeeps or Land Rovers.
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If you’re conscious about the fuel economy, smaller cars and SUVs use four-cylinder engines that often deliver the best fuel economy. However, these car types will be lacking in both power and smoothness, unlike a V6. Turbocharging power is something that’s become much more prevalent in the world of vehicles; it can boost power without affecting fuel economy too much.
- Will you need an all-wheel drive?
- Automatic or manual shift?
- What features do you require? Think about backup cameras, sunroof, leather seats, Bluetooth, etc.
- Will the car fit in the garage or parking space?
After Making a Decision
Once you’ve decided to move forward with what type of car best suits you and your needs, you’ll need to think about a few more factors:
Make sure your car choice falls into your ideal budget. After contributing a large down payment on a home, the last thing you want is to go overboard and buy a Tesla; otherwise, you might have to sell your house fast. Look into what your car payments will look like each month, along with the other expenses you’ll need to look after. You should also think about the cost of fuel and insurance when making your budget.
Leasing or Buying
Leasing or buying both have their pros and cons. Here are some factors to consider between deciding on whether you want to lease or buy your vehicle:
- You’ll be able to drive a more expensive car for less money.
- The car will have the latest technology.
- Most repairs will be covered under the factory warranty.
- You won’t have to worry about trading it in after the lease is over.
- You’ll have more flexibility to sell your car whenever you need to.
- You’ll be able to make modifications to the car.
- Your car expenses will be a lot lower long term, considering you pay off the car and keep it for a while.
- There won’t be any mileage penalties if you end up driving it a lot.
Always remember that your car should match your needs and desires. Keep your budget in mind and make the best choice possible when purchasing a car and its tires. Our friends at Canada Custom Autoworks in Edmonton recommend getting the right tires to ensure your car will operate smoothly on whatever terrain comes at you. Once you do enough research, you’ll see that finding the right car for yourself isn’t so hard after all.