Remember to account for these costs when purchasing a new vehicle.
Buying a new car can be an experience. A car means freedom, independence, and a reliable form of transportation. But before you splash out on a new vehicle, it’s important to keep in mind that there are some extra costs that you will need to address. Today, we’re sharing a few common hidden costs that come with buying a new vehicle.
State and local taxes
When buying a car, you will negotiate a total price. In reality, you will most likely have to pay an additional amount on the final price to cover things like sales tax or personal property tax if your state or city requires them.
Whether you purchase a new or used vehicle, there are a number of fees you’ll have to pay. Some fees you may be subject to pay are vehicle registration fees, title fees, documentation fees, emissions testing, dealer preparation fee, and more. These items will be outlined in the paperwork that you sign when closing the deal.
Upgraded the stereo system? Taken out an extended warranty? There are many ways in which dealerships try to get more money out of the transaction, whether it’s vamping up the vehicle or protecting it with additional coverage. Although many of these offers sound like a good value, some may not be worth the cost in the long run.
Remember to insure your new vehicle, too! For all your auto insurance needs, contact the professionals at Massive Insurance today! We are ready to get you reliable coverage.