There are a lot of new things that come with divorce and separation. If you and your ex were sharing a vehicle it may be time for you to look at investing in your own. Buying a car is not a small commitment and doing it solo can be extremely overwhelming. Here are the top three things you need to consider to make sure that you invest in the vehicle that is right for you.
Identify your needs
Consider your lifestyle and how many people you need to transport on a regular basis. Are you looking for a compact car for one to get you to work or a van that will be able to transport your children and half the hockey team? What matters to you most, fuel efficiency or maximum performance? How far will you be driving daily and how long do you hope the car will last? These are just some of the important questions to ask yourself when deciding what type of vehicle to purchase. Buying a car is very personal and there are more than enough makes and models out there at various price ranges to make sure you get a car that fits you best.
New or Used?
One of the most frequent questions that come up is whether to buy new or used. This depends on your situation. Used vehicles are cheaper but if you are planning on keeping it long term it may be better to invest in something new, rather than a vehicle with a third of it’s life gone. Then again, if you are on a tight budget there are some well priced used cars out there that may be the perfect fit. If you plan on buying used make sure you get the vehicle checked out by a mechanic that you trust before the purchase is final. The last thing you need is for something big to go wrong after the deal is done, leaving you with a big bill you weren’t expecting.
It’s easy to get excited when buying a vehicle especially if you have an affinity for cars. It is important to take off the rose-coloured glasses and carefully consider the pros and cons of your purchase. A fancy truck may look cool but when it comes to replacing the tires they can come with a hefty price tag. If you can, find a mechanic that you trust to advise you in your vehicle purchase. They will be able to go beyond the paint colour and fancy rims to uncover the real pros and cons of the vehicle.