Buy car in the USA

How to buy a car in the USA

The fact that without a car in America is difficult is undeniable. Whether you live here or just travel, having a car makes your life much easier.

Have you already decided which service to use to buy a car: take out a loan or lease?

Each of these services has both pros and cons. What these services have in common is that they give customers the opportunity to drive a car for a certain fee per month. Both credit and leasing are a great opportunity to get a car without having the required amount right away.

If you are solvent, your credit history is not damaged, then please enjoy this opportunity. If you are in America for work or study, and do not plan to stay here for more than three years, there is no point in taking out a loan to buy a car. In this case, it is better to contact the leasing company. Well, if you are planning to settle in America for a long time, to buy real estate here, then it is better to have your own car.

It does not matter whether you have chosen a loan or leasing, we will help you buy a good car — American Butler.

Buying a car in America: advantages and necessity

A personal car in America has long been not a sign of luxury, but a means of first necessity. Decided to buy a car? So, you need to learn in detail about the main instruments of acquisition: leasing, credit or cash purchase.

Life in the United States is designed so that without a personal car a person is very difficult to live and work. For the average American, a personal car is a means that he uses for convenience, nothing more. The preference is given to expensive cars, with a high guarantee of technical serviceability.

The fact is that any damage costs Americans dearly. This is in Russia or the CIS countries, you can ask a neighbor or friend to see what is knocking under the hood or why the oil is dripping. We also have a lot of service stations at home, in ordinary garages, where you will be repaired with an iron horse for a nominal fee.

In America, this is not. It is necessary to eliminate the fault in the car — contact a specialized service. Therefore, in this matter, the Americans act on the principle "I am not so rich as to pay twice."

We have already mentioned the main vehicle acquisition tools in America. Consider each of them in more detail.

Buying a new car in America

If you are one of those who decided to buy a new car, it will cost you a lot. The cost of an unclaimed vehicle varies from 18 thousand dollars and above. Luxury cars will cost you 60 thousand dollars. You also need to take out insurance and pay tax for the purchase. Costs will depend directly on the cost of the car.

Of the disadvantages of buying a new car for cash: the high cost. Not everyone can afford such expenses. Moreover, in the future, the sale of such a machine will not bring benefits. Its market value will fall, you will also have to spend money to put the car in order and pay for the dealer's services. Of the advantages: the warranty period of operation means. For 3-5 years, you can safely use the car without worrying about breakdowns.

Buying a used car

In the US, the sale and purchase of used cars is also practiced. Buying a used vehicle is much more profitable than a new one. At the end of the warranty period, the cost per car may fall by half.

But, if in Russia you can easily slip a repaired car that breaks down in three days, or a car after an accident, in America the risk of such a situation is low. And, nevertheless, you need to be careful and attentive before buying, exposing the car to a complete diagnosis in a reliable service.

New car leasing in the USA

Another way to get a car is leasing. This term refers to the long-term rental of vehicles. In fact, it is an opportunity to rent a car for two or three years, use it and after the time expires, buy it back, return the leasing company, exchange it for a new car or extend the contract. Of the benefits of leasing:

1. 01.no need to pay the full amount at once;
2. 02.maintenance is carried out by the dealer;
3. 03.all documents are also processed by the dealer;
4. 04.There is an opportunity to drive a new car.

But leasing has a number of disadvantages:

• the car is owned by the dealer;
• in case of damage to the car for your fault, the costs will fall on you;
• mileage limit, exceeding the limit of permissible kilometers is calculated at other rates;
• tuning and repair is possible only in accordance with the terms of the contract, but, returning the car, you need to return it to its original appearance;
• on return, the car must be fit, all faults, such as car scratches, threaten to pay up to 12 thousand dollars;
• overdue monthly payments face fines;
• interruption of leasing ahead of time also leads to penalties;
• the service is available only to paying customers;
• the amount of the initial payment depends on the credit rating;
• in total, the cost of leasing is relatively high — $200-900 per month, for the entire term of up to 32 thousand, and this is only for rent.

How to buy a car on credit

The most popular way to purchase a car is to get a loan. This service combines both purchase and leasing, that is, you make monthly payments, but for your own car. But in case of delay, the bank will impose a fine on you, or confiscate it.

Buying a car on credit has its advantages:

• the possibility of acquisition, if not available at once the entire amount;
• depending on the level of solvency, you can take both a new and a used car;
• low interest rate — from 3%, depending on the credit rating.

Of the minuses:

• the service is only for paying customers with a good credit rating;
• If you are a foreigner, guarantees from US citizens are required.

What else do you need to know about a car loan?

• do not rush to get a loan in the car salon, you can find out in banks about their conditions;
• With regular payments, the interest rate may decrease after six months or a year;
• loan processing or leasing will have a positive impact on the credit rating, subject to timely payments.