2011 Chevrolet Cruze preview
2011 Chevrolet Cruze previewEnlarge Photo
The Seventh Annual Rules of the Road Survey from Capital One Auto Finance has just been released. It states that first-time car buyers do a pretty good job of researching the make, model, and price of the car they want to get. However, they do a less than a stellar job on other costs associated with owning a car.
The survey said that almost half of first-time car buyers did not figure in the cost of maintenance, repairs, registration, or parking. It went onto say that over half of first-time car buyers surveyed did not know that they could go online to compare financing options or apply for a new vehicle loan online.
Tips for First-Time Car Buyers
The following tips have been developed by Capital One to help first-time car buyers manage the car-buying process:
Sanjiv Yajnik, President of Capital One Auto Finance, confirmed that even in this economic downturn it’s a great time to buy: “Armed with the right information, it is an excellent time to get a great deal, but it is important for first-time car buyers to take the time to think through additional auto expenses beyond the sticker price, understand exactly what a car loan is, and calculate what they can afford…”
Stay tuned to BestCarBuyingAdvice.com for more tips on how to buy your next new or pre-owned vehicle.