The answer here lies in your budget and preferences. Buying used: For young adults or those with limited budgets, buying a used car is often a wise choice. But it takes a little more work. You can buy from used-car dealerships or superstores like CarMax or from a private seller on websites like Craigslist.
Vet used cars carefully. Additionally, auto loan rates for new cars will be lower than for used cars. Something for just going around the city? Do they want something that can carry a lot of things? This can help determine what type of car you need — a subcompact, a sedan or something bigger, like an SUV.
To get the best price on your car, you need to shop around. This means you can go to one lot to test-drive your desired cars, then go home and email multiple dealerships for price quotes.
A lot of first-time buyers are understandably nervous about negotiating , but there are ways to safeguard yourself. You risk being seduced by lower monthly payments, but winding up with a long loan term and extra interest. Take as much time and care as you need. Closing a deal with a private seller is simple. At a dealership, the finance and insurance manager handles the paperwork — and the closing is a bit more involved.
Dealerships often try to build extra profit into the deal. Be on the lookout for:. At the dealership, the finance manager may push an extended warranty.
You can always buy one later. Advertiser Disclosure. How should I pay? Credit Score Needed to Buy a Car. New Buyer Tip. Use an auto loan calculator to compare loan offers. How to Get Preapproved. Compare Auto Lenders.
Hard vs. Soft Credit Inquiry. Should I buy used or new? Compare the costs of buying a new car vs. Read More. I was able to schedule quickly and they I was able to schedule quickly and they were very fast and efficent.
Priscilla B. All the staff at Newberg Chevrolet go Very responsive and courteous 4. Very responsive and courteous Pamela F.
Yes, it can get emotional especially as you really want to buy your first car quickly. Here, we are going to shed a bit of light on budgeting. Financing Process. Passwords don't match. Firstly, work out your budget and stick to it! About Us.
Not pushy, fast, and easy! Great buying Great buying experience Sean E.
Service department is the best in the Service department is the best in the Portland Metro area William K. Start to finish I was put at ease and Start to finish I was put at ease and kept updated about the process.
Looking for an affordable first time car buyer program? With Complete Auto Loans you can find a lender with low-interest rates in minutes. Buying a car is the first major purchase for many people, particularly young contact a local credit union to see if they offer lower interest rates.
Big Dave was very informative about my new car. Karla T. Great people and service! Richard H. Made an appointment for 9am for an oil