Whether you’re in the market for a new luxury vehicle or looking to upgrade to a newer, more reliable model, you likely have an idea of what you want in a new ride. From deciding on the color and size of the vehicle to the number of doors and amount of cargo space, you have many options to choose from when buying a car, including the latest automobile technologies. Purchasing a car with some of the most recent innovations in the automotive industry can help you recoup a larger portion of your investment when you’re ready to sell. Learn about the top auto-advancements to consider when buying a car. And, if you haven’t already started saving, compare savings account rates and then open a money market account to help your goal of buying a car become a reality.
Bluetooth, GPS navigation and USB Ports
With many states banning the use of hand-held devices while driving a motor vehicle, Bluetooth calling is a no longer just a luxury, it’s a necessity, especially for those who are frequently on-the-go. Not only can Bluetooth sync technology keep your hands free when you’re on the phone while driving, but it also provides the ability to access and stream music from your smartphone through the vehicle. Built-in Global Position System, or GPS, navigation is also becoming a common feature in many new cars, as it helps route driving through unfamiliar areas. Instead of using paper maps or cell phones, sliding around the car, GPS navigation in the dashboard helps keep eyes on the road and unnecessary distractions to a minimum. Technologies like Bluetooth, USB charging ports and GPS navigation are included in many 2013 and 2014 models.
Cameras and digital monitors
From the birds-eye camera that projects a 360 degree view of your surroundings to a lane-watch camera used to project blind spots, auto-advancements are going digital with cameras at seemingly every angle. Used to provide visibility in tight conditions, in-car monitors give you the convenience of knowing what’s around with just a glance at the 3-D screen, and rear view cameras help you back safely into a driveway or parking spot. And for parents who like to keep their children occupied while on the road, rear-seat entertainment systems like TVs and DVD players are available in many current mini-vans and SUVs.
The cost of gas has reached a new normal in the U.S., remaining steady at around the three dollar range. With longer commutes taking more money out of many drivers’ pockets, fuel efficiency is a priority for automakers. When buying a new car, you’ll be able to choose from standard gas-powered vehicles with better fuel efficiency, as well as hybrid, electric and soon, hydrogen engines to give you increased gas mileage, saving you money on the fuel in the long run. An electric car is currently the most fuel-efficient automobile, as it is powered by an electric motor that contains a rechargeable battery. However, a hybrid-electric vehicle combines the benefits of both a gasoline engine and electric motor by using two or more power sources to power the vehicle, which may allow cars to go further distances. On the lineup of new innovations for automakers in 2014 is a hydrogen-powered car that will give small sedans a 300-mile range on alternative power.
While the initial cost of an electric, hybrid or hydrogen-powered car is likely to be higher, it may be worth considering when saving for a car. Not only can buying a fuel-efficient vehicle save you money over the lifetime of the vehicle, but it will also help protect the environment by reducing the release of additional greenhouse gases into the atmosphere.
Features that can impact resale value
While you may not want to buy a car with all of the newest auto-advancements, some features are important to consider as they may become standard in all vehicles down the road. If you plan to own your car for a long period of time, buying a car with features like Bluetooth, fuel efficiency and camera monitors can help boost the value when you’re ready to sell or trade in your vehicle. Also, consider the brand and reliability of the vehicle. The type of drivetrain, whether your vehicle is four- or all-wheel drive and if it’s automatic or manual, can also be factors that determine the resale value.
Open a money market account and start saving for a car today
When deciding to buy a car, consider saving throughout the year, and wait to make your purchase at the end-of-the-year clearance sales. These can often get you the best deals on the previous and upcoming year’s models. Compare savings account rates and open an account to start saving for a car. Building a savings account can help cover your down payment and reduce the need for financing. To reach your goal of buying a car faster, money market accounts can offer you the flexibility to buy when the deal is right with the high interest rate you need to earn more. Once you’ve saved up your funds, decide which auto-advancements you want, and work with a dealership to find a car that fits your needs.
Sponsored content was created and provided by RBS Citizens Financial Group.