Next to purchasing a home, buying a car is one of the toughest decisions a person will ever have to make. And today's topsy-turvy economic climate makes the process even more difficult. So how do you find a vehicle that satisfies all your needs at a price you can afford?
Identify the type and size of vehicle you need: The choices are almost endless - ranging from the fuel-efficient Toyota Prius and passenger-friendly Chevy Traverse to the rugged Land Rover LR3 and sporty Infiniti G37. You might also consider a fun-yet-functional ride such as the Hyundai Genesis.
Set a budget and stick to it: Determine how much money you should spend on a car without compromising your finances, and don't exceed that amount. Don't forget to factor in what that car really costs to own, including fuel, insurance, maintenance and repair.
Gas isn't the only way to go: Gas and diesel (the dirty bird of fossil fuels) aren't the only way to power your vehicle these days. Biodiesel and ethanol are becoming more mainstream than ever before, as is battery propulsion, whether America is ready for electric-powered cars or not.
Make a must-have list: Every year, and the 2009 model year is no different, automakers come up with a new generation of the coolest new car tech designed to improve our automotive lives. Do some research, especially regarding options that keep your kids pacified, and create a list of features that your new auto must have.
Looks are important: Color matters. It's just as important to create the right look, especially given the recent designer-speak about a car being the biggest thing people wear. While traditional car finishes are still popular among U.S. consumers, paints inspired by rich, dark espressos and multihued music devices are quickly gaining acceptance.
Buy versus lease/New versus used: After you've set a budget and decided on a powerplant and features that are must-haves, it's time to decide whether to buy vs. lease, and on new vs. used. Today's cash-back discounts, tax breaks and unemployment benefits can make buying a new car cheaper than purchasing a late-model used car. However, you'd be surprised what can you get for less than 10 grand in the used market.
Get rid of your old car: To offset the cost of a new ride, you might have to get rid of that old car in the driveway. The traditional options are to trade it, or sell it privately. You can also donate it to charity or part it out for profit.
Learn to negotiate: Haggling with a car salesman is an inherently unfair battle of wills for the average person. It's a duel between a relative novice and a seasoned, professional mercenary. Know what you want, how you want to pay and be confident.
Bonus: Guide to worst dealer scams
Take care of your four-wheeled friend: In all likelihood, your car will have to last longer than ever before. So make sure you can trust your mechanic to maintain it the right way (within budget), and keep that metal shiny and free from imperfections by washing your car well.
