Buying a car is an investment—or it could be, if you go with the right one. So you’ll need to be careful if you don’t want this to end up as a huge financial mistake, especially if you have your eye set firmly on luxury models like the Mercedes-Benz A-class.
Fix your financing
Don’t shop until you have your financing in order, says Investopedia. You’re only going to waste time and effort if you go shopping for cars before you even have your financing in place.
Pay in cash
Interest payments add a lot to your financing costs. You can do away with those extra charges, though, if you pay in cash. If this is a possible option for you given your income rate, then you might want to seriously consider this arrangement.
Shop for a used one
You might want to go for a used Mercedes-Benz A-class model. It’s a great chance to own the luxury car you’ve always wanted. You can keep your car buying expenses low and still get the luxury wheels you’ve set your eyes on.
Go for a test drive
A test drive gives you invaluable insight into how the car moves under you, how the seat feel and if the handling is smooth or bumpy. This can weigh heavily on one side and help you figure out which option to go for.
Go to a trusted dealer
One thing to make sure you don’t pay extra is to go to a recognized and trusted dealership. That way, you won’t have to worry about dealing with dodgy dealers and car agents. You can shop around, check your options and take your pick, with all the convenience and security offered by a dealership you can trust.
So if you’re buying a car, make that investment count. Follow these money-saving tips.