It’s springtime, and now’s the time you may be thinking
about getting a shiny new car! Sometimes, the vehicle-buying process can be
daunting. But it doesn’t have to be! Follow these three simple tips to ensure
the purchasing process is smooth and easy once you decide on your future ride.
1.
Get preapproved FIRST! Visit your trusted credit
union professionals. They can help you understand interest rates, payment
terms, and payment affordability. Despite common belief, most buyers don’t need
money down. But should you put money down? Should you save your money? Do you
have a vehicle to sell or trade? Those are all valid concerns, and the answers
are different for each situation. Your credit union can help you get those
answers in a timely fashion, with no confusion.
2.
Do your research! Shop around for the type of
car you want, whether you want special features or not, what is most important
to you in a vehicle. Have your credit union professional help you understand
vehicle values and how to find them. Do you really need that convertible top,
or would you rather have special safety features incorporated into the front?
3.
Stick to your budget! Don’t get blinded by the shiny new vehicles
that are all calling your name. Keep in mind the
information that you learned at your preapprovaL, the research you have done
on what you want, and what fits your financial situation best as you
take the next step toward taking a car for a test drive. By approaching car-buying from this angle,
you have a better chance of buying a car you can actually afford, rather than
one you’ve been fantasizing about but could never afford in the long run.
The best advice we can give when in the market for a
vehicle; Be confident! Know what you can afford, combine that with what is
necessary for you to have in a car and what would be nice to have, and find a
happy medium. Don’t be swayed by deals that aren’t really good deals. Talk to
your local credit union to find the happy balance of what you want in a vehicle
and what’s best for your overall financial situation.
To
listen to 97.5 Y-Country’s Wild Bill and Honor’s Kaylee Williams talk about car-buying tips, click on the Mason Jar Monday episode below.
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