How to finance your first car
We are here to help you finance your next vehicle. Then, sit back, relax and let us guide you through the process. You’re in good hands
Set a budget
It is important to establish a budget and stick to it. Once you start buying cars, you will probably be tempted by higher specifications, larger engines and many optional extras. You can also expect car sales staff to try and make you spend more. Be careful!
Things to consider for your next car:
- Cost of use
- Circulation tax
Get an idea of what you want
Make a list of about 3 cars. You will probably find that the car that you thought was the best, might not be, especially after such an important driving test. Make sure all preselected cars are within budget. You may want to use some car review websites, such as www.quecochemecompro.com to help you prepare your shortlist.
New or second hand?
This is another question that is an important factor in the price of your vehicle’s finances. There are many ways to buy a car today; You can get a new vehicle at a dealership, you can get an approved second-hand car at a dealership or you can use a third party to buy a car directly from a seller. When you buy your car, you should consider your warranty and how much time you have left, some companies add additional time to the warranty of a car when you buy from a dealership.
How to buy
When you go to a dealership, you should keep in mind that you will usually be wrapped in a large package and, as you have seen the car in real life, you may have some emotional attachment to the vehicle. Here you have to take into account an important trick of life, you could consider self-financing the vehicle through a loan and buy it second hand, the reason is that you will not have to pay for unnecessary extras that could be placed in the financial agreement offered by the concessionaire. If you search the web for a car that fits your needs, you might find something at a better price than a car dealer offers. To self-finance, you can apply for a loan and then pay the car with your regular repayments. You can use a service like Good Finance to verify if you are eligible for a loan and find the best deals for you.
In any case, if you choose to buy your car, make sure you have looked for the best possible offer. Here in Good Finance we hope you have good luck on your first car search and get the freedom on the roads you’ve been looking for!