Best Way To Buy Your First Car

That will determine how new and reliable it needs to be.

Best way to buy your first car. Shopping for your first car is a lot easier for you than it was for your parents. Shop for a lender. The best way to save money is to buy used. Instead have at least six months of credit history behind you before you go car shopping. Whether you ve saved up for it taken out a loan to finance it or the bank of mum and dad are stepping in it s something you ll never forget.

Anti lock braking systems abs electronic stability control esc and auto emergency braking aeb are all features to look out for if you re buying your first car. You can start with a credit card from your bank or a gas card from a local gas station but be wary of store credit cards which generally have high interest rates 18 22. Don t get swept away by the excitement of getting your first car. You love having a new car every couple of years. But they change their test regime and rating system every few years so you can only really compare their star ratings between car models of a similar age.

Euro ncap s crash tests and safety ratings are the best guide to finding a safe car. Buy your car keep it for 7 10 years then buy another. The internet offers a wealth of sellers beyond your local area who may ship cars to your area which may come with a fee which can mean more choices in your price range. That s how you get the most value out of a car. Leasing only makes sense if two things are true for you.

That can be a bad combination. Buying a used car usually means a significant dealer markup. This is part of your rich life and you d gladly cut costs in other areas of your life to support this. To help you make the right choice we ve put together this first car buying guide. A new car loses almost half its value in the first five years so go for one that s a few years.

Dealers know that they can make a killing on used cars. This strategy will help you avoid overextending yourself financially and getting deep into debt when buying a car. You have the budget to pull. And if you re looking to buy a beater that will just get you from point a to point b cash. Your car will depreciate less if you buy used because the initial depreciation was so drastic.