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. Instead, get excited about all of the available models and captivating features that are at your disposal. 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 the best way you can go about your next big investment.

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? Think about which body style would suit your day-to-day needs — an SUV is a go-to for large families while a compact sedan is perfect for the single daily commuter. Take all of this into consideration before you start looking. This approach will help you keep your eye on the prize instead of getting distracted by impractical models that won’t accommodate your requirements.

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. Explore our inventory, manufacturers’ websites and third party resources such as Kelley Blue Book® and Edmunds so that you can wrap your mind around the current car market.

3. Do Know How Much You Can Afford

Creating a budget can be the most difficult part — but it’s also the most important! 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. No matter what, we highly recommend paying off your current ride first before investing in a new upgrade.

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 a new car. One of our team members will accompany you while you take the new model for a spin, so ask any questions that you have and look around thoroughly before you make your final decision.

Interested in purchasing or leasing a new vehicle? Come visit us at 300 W. Grand Avenue, Elmhurst, IL 60126! We look forward to serving customers from Addison, Chicago and Villa Park.