What do I need to know before purchasing a vehicle?

I'm purchasing a vehicle for the first time. Is there anything I need to know before I buy one? I want to make sure I don't get ripped off.

Answer
Buying a car for the first time is a big step. But you can do a few things to make the process run smoothly.
Like with car insurance, you always want to shop around. It’s important to see what various dealerships and sellers are offering. You should also decide in advance how much you can afford for a vehicle. Generally speaking, you should follow the 20/10/4 rule, which dictates that you should:
  • Make a 20% down payment
  • Don’t pay more than 10% of your gross monthly income on the vehicle
  • Get a loan for four years or less
If you do find a vehicle you like, be sure you ask plenty of questions and find out about the vehicle’s history (if it’s used(. If anything seems off or makes you uncomfortable, don’t move forward. You can always find another car. It’s very important to be comfortable with the large purchase you’re making
After you find a vehicle you love, don’t forget about car insurance. With Jerry as your ally, you can compare rates from dozens of carriers to find the coverage you need at the best possible price.”
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Emily Maracle
Answered on Aug 19, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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