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Car buying checklist

Steps to buy a car without overspending.

Before you shop

  • Set a total budget (payment + insurance + gas + maintenance).
  • Check your credit; get pre-approved for a loan from a bank or credit union if financing.
  • Research models, reliability, and total cost of ownership.

At the dealer or seller

  • Negotiate on out-the-door price, not monthly payment.
  • Don't add unnecessary extras (extended warranty, gap insurance) without thinking.
  • Read the contract before signing; watch for add-ons.

If you're trading in

  • Know your car's approximate value (KBB, Edmunds).
  • Get a quote from the dealer but also consider selling privately for more.

WealthyCalc provides general information only, not financial advice. For advice tailored to your situation, consult a qualified professional.