About to buy a car? Research these things first
Buying a new or used car from a dealership can be a fun, educational and very memorable experience. However, it can be very stressful for those who fail to keep up with their homework. Here are five things you can research before your dealership visit that can help you focus on all of the positives instead of stressing about all of the unknowns.
1. Leasing vs. Purchasing (Which one is right for you?)
Many consumers have a good idea of how a traditional loan works but may be less familiar with leasing. We feel it’s a great idea to be properly informed on both options in order to help make your final purchase decision an easier one. You might find that your short commute, tight budget and love for having the latest and greatest makes you a great candidate for leasing, and as such, Scion offers the Pure Lease program for every model, offering great lease rates to a wide range of credit applicants.
2. Buying Options with No or Limited Credit
Everyone’s financial situation is different, and whether you’re a first time buyer who’s trying to establish some credit or don’t have as good a credit standing as you’d like, many dealerships will offer flexible payment options to get you in the car you want. Also, as a purchaser you have the option of getting a loan through a third-party financing institution, however interest rates and terms may not be to your satisfaction. There are lots of tools out there on the internet and with most institutions you can get an offer within minutes so make sure you do the research to see what is best for you. Toyota Financial Services and Scion offers the Gen-One program which makes it easier for you to jump into a new Scion with limited or no established credit. Find out if you qualify at the Laurel Finance Application page.
3. Special Rebates
Did you graduate from college recently? Are you a member of the U.S. Military? If so, you may qualify for cash rebates toward the car of your dreams because Scion offers great additional rebates to recent college grads and military personnel. New and recent college graduates can use a $750 College Graduate Rebate towards the purchase or lease of any new Scion. To thank our service persons for their duty, Scion is happy to offer a $500 U.S. Military Rebate toward the purchase or lease of a new Scion.
4. Car Insurance
Insurance laws differ from state to state, and researching the requirements for car insurance in your hometown before purchasing a car can save you a lot of time and headache at the dealership. You may want to alert your insurance company that you’re planning to pick up a new car, and may want to ask questions about minimum/maximum coverage requirements in your state and also get an idea of your monthly premium.
5. Extended Warranty and Pre-Paid Maintenance Programs
Should you get extended warranty? Cars can be pretty solid even all the way up until the point where the warranty expires, but an extended warranty helps offer added peace of mind, like our Vehicle Service Agreement (VSA), offering extended protection after the factory warranty expires, such as mechanical breakdown coverage, 24/7 roadside assistance, travel protection benefits and a variety of deductible options and plans to fit your specific needs. And while every Scion comes with a standard no-cost Scion Service Boost maintenance plan, we also offer extended Service Boost Plus maintenance plans to help cover more while saving potential time and money down the line. Read more about the Scion Vehicle Service Agreement and Service Boost Plus.
- SCION BLOG
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