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    Looking to buy a new car? Get ready with 5 tips to prepare for a dealership visit

    Are you ready to purchase a new vehicle? The traditional car buying process has evolved, leaving consumers with more options and questions. Renée Horne, Chief Marketing and Customer Experience Officer at Chase Auto, offers valuable tips to help consumers prepare for their next car shopping experience.

    1. Set a Realistic Budget: Before embarking on your car buying journey, determine how much you can afford. Consider not only the purchase cost but also expenses like insurance, maintenance, and fuel. Chase provides useful budgeting tools and tips to help you save for your purchase.

    2. Find the Best Deals: Timing is everything when it comes to getting a good deal on a car. The end of the month and end of the model or calendar years are often favorable times to find discounts as dealers aim to meet quotas or clear out inventory. Instead of buying the latest model, consider previous years’ models to save even more. Additionally, keep an eye out for holiday sales and make sure to shop around at different dealerships for the best price.

    3. Test Drive: Don’t forget to test drive the vehicle you’re interested in. This step allows you to evaluate the vehicle’s look, feel, and interior systems to ensure it meets your needs. Schedule test drive appointments and try to visit multiple dealerships on the same day or week to keep your impressions fresh. Simulate your daily driving conditions as closely as possible, taking any car seats or equipment you use regularly. After the test drive, inquire about the car’s warranty, fuel requirements, and maintenance needs. You may also explore options like extended test drives or seeking a second opinion from your own mechanic.

    4. Financing or Leasing: Decide whether financing or leasing is the right choice for you. Loans offer flexibility with no mileage limits and the ability to customize the car. Once you complete the finance payments, you own the vehicle. On the other hand, leases often have lower upfront costs and allow you to return, purchase, or trade the vehicle at the end of the term. However, leases typically come with mileage limits, so frequent travelers should consider this factor.

    5. Is an Electric Vehicle (EV) Suitable for You? With more options in the market, it’s essential to evaluate whether an EV fits your lifestyle. Consider factors such as cost, maintenance, range, and charging logistics. On average, it costs about half as much to fuel an EV compared to a gasoline vehicle. However, electricity costs vary depending on your location, driving style, and battery size. While EVs may have a higher upfront cost, federal and local tax incentives can help offset the expense. Maintenance requirements for EVs are generally lower compared to traditional cars, although the weight of the battery can impact tire degradation. The range of an EV varies based on factors like weather, traffic conditions, and driving style. Lastly, consider the availability of charging infrastructure in your area and plan your trips accordingly.

    In conclusion, be open-minded about the different car buying options available and do your research. Understanding your needs and financial situation is crucial in finding the best car and financing solution for you and your family. For more information on online car shopping, financing, and education resources offered by Chase, visit autofinance.chase.com.

    Sponsored by JPMorgan Chase & Co.

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