We’re approaching the most wonderful time of the year, and not just for holiday greetings. October through December are also considered the best months of the year to buy a car, according to Investor’s Business Daily.
“For both buyers and sellers, a new year just begs for a fresh lineup of cars, resulting in hefty discounts on outgoing-year models. December offers the deepest discounts, averaging 6.82% off the sticker price, according to TrueCar, a car pricing and info site. That means a vehicle costing about $36,000 (the average new car price) would fetch a discount of $2,455 in December.”
Much like the holidays, purchasing a new car can be both exciting and stressful. It’s easy to walk onto a car lot and find a visually appealing vehicle that’s fun to drive. But, knowing whether or not your choice is a good decision can be nerve-wracking.
Fortunately, there are some great resources out there to find honest, unbiased reviews for any vehicle you’re thinking about buying. Use these websites before signing on the dotted line to rest easy knowing you just made a great choice for your new vehicle.
Car & Driver
If you like to do your research old school, then the Car & Driver magazine is a great source of honest car reviews. While you can also access some of the reviews on their website, you end up getting a lot more information from the magazine.
If you don’t mind paying for access to vehicle reviews, then Consumer Reports is a great source for unbiased automobile reviews. They have built a solid reputation on delivering top notch, details reviews of a variety of different products, with the only downside being that a subscription is required for access.
The Edmunds website offers a wealth of information when it comes to vehicle reviews. You can learn about everything from how the car handled in a test drive compared to similar vehicles to the cost of owning the vehicle over a five year period. The site also has message boards where you can get the opinions of other vehicle owners.
Kelley Blue Book
The Kelley Blue Book brand has built a solid reputation as being the go-to source for automobile information, especially when it comes to value. However, their website offers more than just value assessments. You can also find unbiased automobile reviews on the site and compare the most researched new vehicles.
Like Car & Driver, Motor Trend offers extensive reviews of new vehicles both on their website and in their magazine. For the most information, you are better off browsing through the magazine, as not all of the same content is available online.
Like Kelley Blue Book, NADA Guides also has built a solid reputation when it comes to car reviews and automobile value assessments. On their website you can find expert reviews plus consumer reviews from real automobile owners just like you. The website also lets you do side-by-side comparisons of automobiles you are thinking about buying.
By using some or all of these sources, you can pull together plenty information for a solid evaluation of any vehicle you’re interested in purchasing. And best of all, you will know you made the decision using reliable, unbiased information.
Once you’ve decided which vehicle to buy, the next best decision you can make is to enroll your new car loan with AutoPayPlus. Our automated loan payment service can help you save money by shortening the term of your auto loan while reducing interest charges and accelerating the equity you have in your vehicle. Various payment plans are available to coincide with when you get paid (weekly, biweekly, monthly), with biweekly being the most popular.
Don’t just take our word for it. Click here to read reviews from real AutoPayPlus customers.
How does it work? Simple math. Standard loans require one payment every month. Biweekly loan payments divide this payment in half and pay that amount every two weeks. With 52 weeks in a year, the customer makes 26 biweekly payments (equivalent of 13 monthly payments) with the extra payments applied to the principal. However, on a monthly basis, the payment amount is the same.
For example, automated biweekly payments on a $36,000 auto loan at 5.27% APR with a 60 month term will pay off the loan 4 months early and save the customer $346.26 in interest.
Use our free online savings calculator to determine how much faster AutoPayPlus can pay off your car loan, and view your improved equity and potential interest savings.