Car Shopping Guide - How to Avoid a Lemon Before you do any research on a pre-owned vehicle you have to figure out how much you can pay for to spend. The general principle that the payment per month must not exceed 20% of ones monthly get hold of pay (not your gross income). This rule refers to car payments in general. If you are making payments on two vehicles, the complete with the payments for both vehicles must not exceed 20% of your monthly net gain. Knowing how much car you can pay for is critical since it could keep you from becoming upside-down on the loan - meaning your debt is more than your vehicle will probably be worth. According to cheap car insurance for new drivers over 25 , almost 25% of Americans are upside-down on their automobile loans, with an average of $4,442 in negative equity. Being upside-down can really hurt you by visiting purchase next vehicle because lots of people sell or trade in vehicles they own and rehearse that money being a deposit on his or her next car. The first decision you have to make when choosing a motor vehicle can be used, or new? There are many benefits to investing in a new car. New cars generally will include a fantastic warranty, and that means you have the comfort of knowing any surprises will be cared for without cost for your requirements. New cars likewise have the benefit of generally running the direction they should, which means that spent a shorter time in the shop getting it repaired, and time is extremely valuable. New cars are available with no service history, so you is going to be sure to understand specifically how well its been covered since the first day. Simply put, you might have more options open to you when you shop online for a pre-owned luxury car. If you only want to take a look at dealers within the geographic area, well... Lets be honest, top quality luxury cars really are a bit of a niche area, and it is not at all times no problem finding exactly what you need in case you are only taking a look at whats being offered within easy driving distance, especially should you be seeking to buy pre-owned. Maybe if you live in the heart of town, youve got more options on hand in your community, as well as the everybody else, online shopping may be the best way to find just what you would like. A good start for just about any motorist is always to read the manual. Consult issues, and dont be afraid to look at any queries for the dealership. Another simple step is usually to maintain your car clean. Spending lots of money isnt necessary, however, you needs to be guaranteed to match routine maintenance. Check fluids every month or two (or as suggested with the car manual) to be sure they remain at the appropriate levels. These include radiator coolant and brake, windshield washer, power steering and transmission fluids. This is very important because they fluids lubricate different parts to reduce friction, heat, as well as the overall deteriorating that may occur after a while. Check your manual to see how often the oil and oil filter needs to be changed; the result can differ depending on how many miles you drive. Once youve completed the mandatory background research and they are satisfied with your in-person try out, you can make a good purchase you are sure that will get together your requirements without sinking you into debt. By establishing clear boundaries on your search, youll be able to stop the chance for becoming overwhelmed and setting up a bad decision that may reverberate for years to come, and instead look forward to numerous years of enjoyment through your shiny new car.