Where to start when buying a car
Whether you're looking for a brand-new car or a reliable used ride, you want to get the most for your money. Following the tips below can help you get on the road to buying a car.
- Research – Check to see if the vehicle you want is reliable and right for you. Think about factors like your commute mileage, seasonal weather and how often you use your vehicle to go on vacations. You should also consider any rebates or incentives the dealership has for various models and makes.
- Cost-to-own – Consider the true cost of owning the car you're eyeing. These costs include insurance, fuel, maintenance and more. Maintenance costs vary by manufacturer and model, and some new cars even come with maintenance plans for the first couple of years or for a certain number of miles. Ask your dealership if any of the vehicles you’re looking at have maintenance incentives.
- Know what payment you can afford – Some dealerships may offer financing with an attractive low monthly payment – oftentimes tied to a super-long loan term. Remember, it’s important to consider the overall cost of the car and how long it will take you to pay it off.
Contact Members 1st before you even step on the lot. Our loan officers can help you find an auto loan that fits your needs and your budget. Find out what amount you are eligible for, and get on the road to buying the car that’s right for you!
Source: CUNA.org