How to buy a Toyota Prius
Toyota Prius is one of the most popular hybrid models in the automotive market, with a number of advantages. The Prius is more environmentally friendly than your average fuel consuming vehicle, leaving fewer environmental…
Toyota Prius is one of the most popular hybrid models in the automotive market, with a number of advantages. The Prius is more environmentally friendly than your average fuel consuming car and leaves a smaller environmental footprint. The smaller size allows the model to navigate tight spaces with ease, and a host of technology options are available, such as parking assistance. If you play your cards right, you might even get a tax rebate when you buy a Prius.
Part 1 of 1: Buy a Toyota Prius
Step 1. Estimate your budget. Whether you're planning on buying a used or new Prius, make sure you can afford the investment so you don't end up in financial trouble later on.
If you're planning to buy a used Prius outright without financing, it's a good idea to subtract double your monthly bills from your bank balance and use the balance as an upper limit for your hybrid purchase. Thus, a small financial cushion remains in reserve in case of unforeseen circumstances.
If you're planning to finance a used or new Prius, use the same two-month bill deduction method to determine your maximum down payment, and be honest with yourself about how much you can pay monthly without causing too much expense. a large financial burden on comfort.
Step 2: Explore the different Prius models. There are several Prius models to choose from, including Prius C, Prius V and Plug-In Hybrid.
You can easily compare different Prius models on a website like Kelley Blue Book which has a "Compare Cars" feature that allows you to view different specifications of multiple cars at a glance. Take a look at which models best suit your needs and budget.
Here is a table to help you make an informed comparison:
Step 3: Take a look at the Prius you want to buy. While you may fall head over heels in love with the first Prius you see in the showroom, it doesn't hurt to look for a better deal.
In addition to visiting car dealerships, you can check print and online ads for these hybrids. Before making any commitment, be sure to test your potential purchase.
This model has some quirks and you need to be sure the Prius is right for you. Keep in mind that these hybrid cars don't drive very fast and make some noise when switching between battery and engine power.
Step 4: Get Financing for the Prius, If Needed. If you do not have the funds to pay for the Prius in full, you will need to finance the purchase.
As with finding the car you want, you should look into financing options to find the best interest rate and loan term you can get.
If you have a good relationship with a local bank, then it is likely that you will find the best offer there, although there may be other lenders offering better interest rates. Typically, the lowest interest rate will come from the car dealership itself (assuming they offer in-house financing), but this is often the easiest place to get a loan.
Regardless of which lender you choose, you will need to complete a loan application with information about your employment and finances. You will probably need to provide links as well. Once the lender has had time to review your application and verify the information you provided, you will soon be informed if you have been approved for a Prius loan.
Step 5: Complete the sale. The individual or dealership will provide you with the documents required to obtain insurance and register the vehicle in your name.
Once you take the plunge and buy a Prius, you will join an elite group of hybrid car owners. Driving one of these cars sends the signal that you're more concerned about the future of the environment and being prudent than having something flashy and fast on the road. Make sure one of AvtoTachki's certified technicians performs a pre-purchase inspection to make sure the Prius you're considering buying is in perfect working order.
