The Do's and Don'ts of Car Buying in Elmhurst, IL

A lot goes into buying a new car, and it's easy to be indecisive or overwhelmed about the process. Here at Honda on Grand, we want to make sure that you know what you're getting into before you even step onto our lot. So check out these do's and don'ts of buying a new car to find out what to do and what not to do.

1. Do Know Your Needs

Start by figuring out what type of vehicle would be best for your lifestyle. Are you looking for a fun vehicle to drive? How about technology features? Take all of this into consideration before you even start looking.

2. Do Research

Once you've decided on the type of vehicle you want, make a list of what would be a deal breaker for you if you didn't have it. Then, research what makes and models fit your needs the best.

3. Do Know How Much You Can Afford

Creating a budget can be the most difficult part. When purchasing a new vehicle, it's best to put about 20 percent down, limit the term to no more than 60 months and keep your monthly payment below 10 percent of your income. Plus, make sure you consider that some vehicles cost more than others to maintain.

4. Don't Trade In A Car That's Worth Less Than You Owe On It

Negative equity can be a burden. The balance of your old loan may be consolidated into the new car's loan amount, which means you could be paying the debt of two cars. Get ahead by researching what your trade may be worth.

5. Don't Rush Your Test-Drive

Take your time with the test-drive and make sure you really like driving the vehicle and not just the excitement of driving any new car. Ask any questions that you have and look around thoroughly before you make your decision.