Read This Before Buying a New Sports Cars
October 11th, 2010
One of the most unforgettable experiences of any new sports car owner is the thrill of taking their new ride for its first spin around town. These high performance cars are not only considered to be the top of the line in terms of comfort and handling, but also incomparable in the way they give their drivers confidence, pride, and joy. So if you are looking for a statement car that shows the world you have arrived, a sports car is definitely the best choice.
However, many people are a little apprehensive when it comes to buying a sports car because they know it is a high priced item. There is always room for caution when it comes to buying one of these speed machines; if you want to make your sports car dreams come true, research and plan carefully.
New vs. Used
There is a big difference between choosing a new sports car or a slightly older model. Besides the variance in price and the fact that older models cost less, new sports cars come with a valuable new car warranty, saving you many repair headaches down the road. This warranty can completely justify the cost of a new car. And when it comes to performance, there is nothing quite like a new sports car fresh off of the assembly line.
Timing Your Purchase
If you have your heart set on a brand new sports car but you are determined to save money, wait to purchase your vehicle at the tail end of the current model’s selling year. During this time, dealerships are desperate to get rid of old inventory to make room for next year’s models; manufacturers tend to offer buyers enticing incentives too.
Before visiting the dealership, write down every option and feature you are looking to get from your new car and then compare several makes and models to see which ones fit the bill. A few features you may want to consider are overall fit, comfort, handling, engine performance, and size.
Those who are first-time new car buyers may not be aware of what the little sticker on the windshield that says “MSRP” means. MSRP is simply short for Manufacturer’s Suggested Retail Price. And this is where many dealers try to pad the price with nonessential or even bogus items. So do your research beforehand.
Interest Rates and Financing
In order to receive the lowest interest rate possible for your new sports car, you need to get your financing approved before you start car shopping. Otherwise, you may be taken by surprise as far as what your monthly payment amount will be. Doing this will also allow you to compare the dealer’s financing offer with the one you have already secured, giving you one last opportunity to get the very best deal. However, it is always better to pay for your tag, tax, and title out of pocket; these are not fees you should finance.