Knowing Exactly What You Want
This doesn’t mean you have to know you want a Canary Yellow 1965 Ford Mustang with a 289 and a factory automatic transmission. If you’re not exactly sure what kind of car you want, make sure that you at least set yourself a ceiling, and be ready to stick within about 5 to 10% of it. Ideally, you will set a maximum expenditure ceiling and know that you want something like a 1970 Pontiac. That means you’ll know how much you’re willing to spend and that the money can be spent on a GTO, Trans Am, Grand Prix, etc.
Setting a maximum price is a good way to keep you from potentially regretting your purchase later. It is easy to get caught up in the excitement of purchasing a new car, so the more planning you can do beforehand, the better.