Whether you’re looking for a new or used BMW car for sale, we encourage you to visit our BMW dealership near Lynnfield, MA. We have an extensive inventory of new and pre-owned BMW vehicles and we’ll be happy to help you find an automobile that will support your lifestyle.
One of the best things about being BMW dealers in Massachusetts this time of year is that we get to help many first-time car buyers buy or lease BMW cars. With so many soon-to-be college graduates in the market having never purchased a vehicle before, we thought it would be a good idea to provide some advice for people who’ve never bought an automobile.
The first piece of advice we can give you is to work with a reputable dealer like us. When you look through our online reviews, you’ll see that clients rate their experiences with us favorably. And that’s because we treat everyone like we’d want to be treated ourselves – with respect, honesty, and gratitude.
One rookie mistake we see a lot of first-time car buyers make is leaving too much time between test drives. We know college students who are about to graduate are busy interviewing and applying for graduate school, but it’s important that you test drive the vehicles you’re thinking about getting as close together as possible so you can compare them accurately. And, always remember to record your driving impressions using a pad of paper or your smartphone for later reference.
When you’re in the market for a car for the first time, it’s critical that you avoid shopping by monthly payment exclusively. While it’s important that you negotiate a monthly payment you’ll be able to afford, you have to keep your eye on the big picture. If you can afford to pay $500 a month, you’ll have many options available to you, for instance. You can buy a car and pay it off in 48 months or you can purchase a different automobile that has more options and pay it off in 72 months.
What’s the difference between those options? In the first scenario, it’s likely that you’ll get a lower interest rate and you’ll be done making monthly payments much sooner. More precisely, you’ll save $12,000 in monthly car payments plus the interest on a car loan that’s two years longer.
If you’re a first-time car buyer, visit BMW of Peabody. We’ll walk you through a car buying process you won’t experience anywhere else. Stop by our Peabody BMW dealership on Andover Street today.