According to a new report from USA Today, the average cost of buying a car in 2014 is higher than ever before. If you want to buy a car today, you’re likely to spend somewhere around $31,000. Still, it’s not as though you can get through life without a car, is it? In the United States, if you want to have a social life, get to work, and complete your daily errands, owning your own car is essential.
While there isn’t much you can do to avoid this substantial investment, there are some steps you can take to make sure the car you buy is worth your hard-earned cash. Here are just a few of the most important things you should consider when you’re wondering what to look for in a new car.
What to Look for in a New Car
- Consider the Safety Rating
If you’re like many Americans, you realize that buying and owning a car is a necessity. That said, buying a new car at premium market prices isn’t a necessity. You can often find something of equal or greater quality by looking to your local used car dealerships.
Even buying used cars can be costly, especially if you get stuck with a bad deal when trying to finance used cars. As the well known financial news website BankRate.com points out, the current interest rate for financing a used car is 4.86%, and that’s if you’re going to pay your car off in the relatively short period of 36 months. If you have to take any longer, you’re going to pay a lot more.