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. Euro ncap s crash tests and safety ratings are the best guide to finding a safe 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. Because cars depreciate lose their real value very quickly buying in cash is typically the best option. The best way to save money is to buy used. Don t get swept away by the excitement of getting your first car.

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. Buying your first car tips for young shoppers a car is a big purchase and it s an emotional one too. Buying a used car usually means a significant dealer markup. A new car loses almost half its value in the first five years so go for one that s a few years. 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.

It usually costs more to finance a used car. That can be a bad combination. Buyers should keep these tips in mind to make smart decisions. Shop for a lender. You love having a new car every couple of years.

That s how you get the most value out of a car. Dealers know that they can make a killing on used cars. 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. You have the budget to pull. 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.

Your car will depreciate less if you buy used because the initial depreciation was so drastic. Buying your first car is a major moment. This strategy will help you avoid overextending yourself financially and getting deep into debt when buying a car. And if you re looking to buy a beater that will just get you from point a to point b cash. Buy your car keep it for 7 10 years then buy another.