Before buying a car, knowing your rights and responsibilities is a must. Internet can offer you with different agencies and provide you with information regarding the vehicle purchase process; but there are things you should know before signing a contract.

1. Which is the right vehicle?

You could wind up an unhappy car owner if you just go with emotion and haven't thought carefully about many details that seem to overlook. For example, how many people and how much luggage you need to carry. Are you sure that the car you have in mind is what you really need? It’s very tempting to have a car that will make you smile and proud of but also consider the purpose of most of your driving. Will you use it for commuting? Vacations with your family?

2. Which is best for you â€" a new or used car?

Cars are built more reliable now than in the past, so used cars make a lot of sense nowadays. After the purchase of their home buying a new car is usually the second most expensive purchase many consumers make. If you are buying a new car, the first three years of the major repairs will be cover by your warranty, but the usual routine maintenance such as oil changes is not included.

3. Have you shopped for money before you shop for the car?

Check your credit union or your local bank quotes online to find the lowest rate if you plan to buy with a loan. It will give you added confidence in negotiating a good price and you're in a stronger position if you get a pre-approved loan. Credit unions normally charge 1/2% to 1% lower interest than bank car loans.

4. Will you be able to negotiate a purchase?

If you buy your cars yourself, get bids and take your note from several dealers, keeping an eye on the dealer's invoice price. If you do your research, you may be able to get bids without going to outlet after outlet. Acquiring more information gives you more power. Thanks for the internet because the information about price is no longer in the hands of the car dealers. Looking online makes the buyer knowledgeable too and it can give you an advantage.

5. Is your credit report correct? What is your score?

Before you go searching for new car make sure all of your financing is in order. You don't want to fall for a car, only to find out that your credit rating is a mess and you will not be able to get the loan at a rate you can afford.

A vehicle purchase can be an exciting venture for anyone. However, make your next vehicle purchasing experience more exciting as well is responsible by following the tips above. If you know exactly what you're getting into it would help you understand and give you the information you need to be able to make the best and most knowledgeable decision. After all, this is some kind of an investment and you would need to make the most out of your precious money.