Are you a first time car buyer trying to find a good deal? Even with the onset of the global pandemic in 2020, there were more than 14.4 million new cars sold in the United States.
Buying a car for the first time can be an exciting and nerve-racking experience. You’ll want to ensure you find the right car or truck you want at the best price. Read on to learn about how to find first time car buyer deals today!
Think About Your Budget
Before you start shopping for a new or used car, you need to think about your budget. The price of your vehicle isn’t just the purchase price and any interest charges.
You’ll need to consider fuel costs, insurance coverage, and other maintenance expenses during ownership. This will give you a more realistic of how much you can afford and ensure you aren’t in over your head on your first vehicle.
Consider Buying a Used Vehicle
Although buying a new car can be tempting, you can save quite a bit of money when you purchased used. Buying a used car saves shoppers an average of $14,000 over a new one!
You can save money on a car by avoiding the depreciation costs you’d have with buying a new one. Let another buyer incur that cost so that you can buy a better car for your money! Buying a used car may make a lot of sense for you when you consider all of your options at thecoolcarguys.com.
Secure Financing Before Shopping
Before you begin shopping for a new car you need to secure a reliable financing option. One way to do this is to speak with a representative at your bank about their loan interest rates.
Keep in mind that there are often slightly different interest rates depending on if you are buying a new or used car. Typically, the loan on a new car has a lower interest rate than one on a used vehicle.
Resolving the financing issue before you walk into a dealership helps you to deal on purchase price alone. You won’t be distracted by needing to juggle financing with the purchase price when speaking to a car sales representative.
Look For a Certified Pre-Owned (CPO) Option
A certified pre-owned (CPO) vehicle is a great way to find the best one in the used car inventory with some assurances about the future. While CPO certification requirements vary depending on the automaker, it requires being the best of the bunch as a used car or truck.
The vehicle must have no prior accidents, be in near-mint condition, and will come with a service package that lasts for a certain period. Be sure to understand all that you will be receiving with a CPO package before you buy a CPO vehicle.
Finding First Time Car Buyer Deals
Finding first time car buyer deals is important to ensure you get the car you want at the most competitive price. Long before you begin your car search, you should consider what you want and how much you’d like to spend.
Are you interested in learning more about insurance options for your new vehicle? Check out our blog section for our post on the top 7 factors to consider when you choosing auto insurance!