Blog Page at Midway Auto in Kansas City, MO

7 Steps to Buying Your First Car

Figure out what you can afford Shop around for the best deal Test drive different cars Get a car history report and mechanical inspection Finalize the purchase and register the car Insure your car Enjoy your new ride!

Stick To Your Budget

First time car buyers often make the mistake of rushing into a purchase without doing their research first. This can lead to overpaying for a car that doesn’t fit their needs or budget.

By setting a budget first, you can avoid this common pitfall. Figure out how much you can comfortably afford to spend on a car payment each month. Then, research the Fair Market Range prices for the type of car you’re interested in. This will give you a good starting point

Start Your Research

With an established budget in hand, it’s time to start shopping around for the best deal. There are so many sites online to do research where you can check out safety ratings, available options, interior features and more.

Test Drive Several Cars

After you’ve narrowed down your choices, it’s time to take them for a spin. This will help you get a feel for how the car drives and handles. It’s also a good time to see if there are any additional features that you may want or need.

Get A Car History Report And Mechanical Inspection

Once you’ve found the perfect car, it’s time to do a little digging into its history. A car history report will tell you if the car has been in any accidents or had any major repair work done.

Finalize The Purchase and Register The Car

After you’ve negotiated the price of the car, it’s time to finalize the purchase. This usually involves signing a sales contract and putting down a deposit. The great news is that the dealership will typically handle all the paperwork involved in registering the car.

Insure Your Car

Now that you’re the proud owner of a new car, it’s time to get it insured. The type and amount of coverage you need will vary depending on your state’s laws and your personal driving habits.

Enjoy your new ride!

Buying your first car is a big decision, but we’re here to help make it as easy as possible. We want you to be happy with your purchase and our team will be with you every step of the way.

Contact us today to get started.

How Much Car Can You Afford?

In order to find out how much you can afford, lenders will want to know your gross monthly income and your existing monthly debts. To calculate your maximum monthly debt, simply add up your monthly expenses including:

- Mortgage or rent payments

- Loan payments

- Credit card payments

- Childcare costs

- Alimony or child support payments

- Any other regular expenses

Find the Right Car

There are a lot of cars on the market today, which can make it difficult to narrow down your choices. For example, if you have a family or travel frequently with friends, you’re going to want a bigger car vs looking for a car just to commute back and forth to work. Another thing to consider is how much you’re willing to spend on gas each month.

Before you start shopping for a car, sit down and think about what you need:

- How many people will regularly ride with you?

- Do you drive long distances often or stick mainly to city streets?

- What style of car do you prefer? Are certain colors or brands more important to you than others?

- What kind of special features are must-haves for your ideal vehicle (e.g. heated seats, built in navigation)?

Once you have a good idea of the basics, it’s time to make a list of pros and cons for each candidate that fits your budget so that you can decide on the best option for YOU.

The Law of Supply & Demand

After you've chosen a few cars within your budget, it's time for some investigating. Initially, you'll want to find out if there are a lot of cars on the market for that make and model. The more common the car, you'll have more options to find one in your price range

Cars in high demand tend to cost more than those in low demand because there are more people looking to buy them.

If you've found the perfect car, it's now time to secure financing. We work with reputable lenders who will work hard to get you the best rates for your budget. they'll provide different payment options based on your down payment, income and credit score.

Are You Ready To Buy Your Next Car?

Follow the steps above and you'll be on your way to finding an affordable car that meets all of your needs. Don't forget, we're here to help you every step of the way. Contact us today and let us know how we can help you get behind the wheel of your dream car.