Lester Glenn Hyundai Tips: Preparing to Buy a New Car

Oct 9, 2023

Are you eyeing a new vehicle at Lester Glenn Hyundai? Before you visit the dealership, we encourage you to prepare. We’re outlining a few extra steps you can take to prepare to buy a new car. Do Your Research

We see many drivers get their hearts set on a new Hyundai model, and they want it today. However, we encourage you to do your research before you shop. Check out blogs and reviews about your favorite models to ensure they have everything you need. Determine Your Budget

Experts recommend keeping your total auto expenses, including your payment, insurance, and maintenance, under 20 percent of your take-home pay. Keep in mind your debt-to-income ratio will also be a factor. Generally, lenders look for a DTI ratio under 36 percent. Weigh Financing vs. Leasing

When financing a vehicle, you’re building up equity in your purchase, which you can later use as a trade-in. Leasing is a better option if you prefer continuously upgrading to a new vehicle. Plus, it’s typically more affordable. Get Preapproved

If you are interested in financing, we recommend that you get preapproved. It can save you time at the dealership and give you an estimate of the rates and payments you can expect. Secure Auto Insurance

Valid auto insurance is required to purchase a new vehicle. If you already have existing coverage, we recommend contacting your agent about your plans to switch vehicles. You’ll need to start shopping around if you don’t have coverage. Visit Us to Buy a New Hyundai Vehicle in Toms River Today

We work to make the car-buying experience as seamless as possible at Lester Glenn Hyundai of Toms River. If you need help preparing, we’re happy to help. Stop by to chat with our team today!

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