Everything First Time Car Buyers Need to Know

When it comes to starting your car search there are a few main points:

• Starting the search online can help you narrow down what yoy are looking for from the comfort of your home.
• Taking a look at the monthly payment can help you swallow the pill of this big purchase and can help you determine what you can afford to spend
• Service contracts can be an important add on to any used car purchase
• If you are worried about finding a loan to afford the car, consider allowing the dealership to do the heavy lifting
• Putting money down when possible, is a necessity to help you save money on your car purchase.

Learn more about what can help you starting the search:

Diving Deeper Into the Car Buying Journey:

• Anytime is a good time to buy a car.
• It is a great experience and never hurts to have something with you along the way.
• Knowing what you want is okay, but always show up with an open mind.
• Carfax is a great resource to check out and can easily be accessed.
• Money off the car is often offered and make sure are getting your bang for your buck.
• Consider checking out leases if you don't want to commit to a car long term.
• Always take the car for a nice test drive.

Want to learn more, check out the episode below:

When you arrive to the dealership to look for your future car:

• Make sure to bring your driver's license, car insurance, and pay stub
• Have a conversation with a sale person to get their expertise 
• Take a couple cars for a test drive to determine if it is really what you want
  • Take them on a back road or highway to test the acceleration
  • Check out the tires as they help you determine the condition of the car
• Bringing another person can be helpful for another opinion
• Miles and conditions affect the price of the car; detailing your trade in can help you get the most for it
• When given the option, a cosigner with established credit can help you recieve a better rate

Learn more about the sales process:

When you arrive at the finance department:

• Make sure you still have your ID, proof of income, and insurance (and sometimes proof of residency)
• It can take various amount of time but can usually be done same day
• Refinancing is always an option if you get an unfavorable rate
• Add ons can help for when something goes wrong

Learn more about dealership finance: