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Buying or Leasing a Vehicle - Before You Begin

What kind of vehicle do you need: a sedan, an SUV, a van or a pickup? Should you buy a new vehicle or a used vehicle? Is leasing or buying the right decision for you? How can you be sure you pay the lowest price for the model you want? Should you buy from a dealership, a broker or an individual? What kind of financing makes the most sense? And how do you know if the vehicle you buy is a quality product and a good value?

There are no easy answers to these questions. As one of your largest expenditures, an automobile represents a major financial investment, one that will factor significantly into both your monthly budget and long-term financial plan. But it is also a practical and necessary means of transportation, and a valuable asset and future commodity.

There is no one best way to buy your next vehicle. Consumer and financial experts agree that the key to success is to do your homework, gather dependable information and understand your needs and priorities. When you assess your requirements, you will be able to answer the questions that lead you to the ideal vehicle for you. Only you — after careful consideration — can determine which vehicle makes sense for you.

This section of ConsumerFriendly is designed to help you examine your decision from every point of view — lifestyle, safety, financial, practical and personal. You will learn when and where to buy a vehicle, how buying new and used vehicles differs, what financing options to consider, and how to decide between buying and leasing. You should be able to determine exactly which model, features and options you need; understand what you can and should pay for that model; shop efficiently and confidently; and negotiate a sales price that is compatible with your budget.

Our Resources

Read ConsumerFriendly's free Buying Guide, Safety and Crash Test Reports, Fuel Economy Guide and to use our free Dealer Quote Service.

Also, learn more at USAA Educational Foundation.