Best Way To Buy Your First Car

Buying your first car tips for young shoppers a car is a big purchase and it s an emotional one too.

Best way to buy your first car. It usually costs more to finance a used car. Shopping for your first car is a lot easier for you than it was for your parents. 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. Buy your car keep it for 7 10 years then buy another. That can be a bad combination.

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. Instead have at least six months of credit history behind you before you go car shopping. This is part of your rich life and you d gladly cut costs in other areas of your life to support this. 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. The best way to save money is to buy used.

Because cars depreciate lose their real value very quickly buying in cash is typically the best option. Dealers know that they can make a killing on used cars. You have the budget to pull. Buying a used car usually means a significant dealer markup. Euro ncap s crash tests and safety ratings are the best guide to finding a safe car.

Buying your first car is a major moment. A new car loses almost half its value in the first five years so go for one that s a few years. That s how you get the most value out of a car. To help you make the right choice we ve put together this first car buying guide. 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.

You love having a new car every couple of years. Leasing only makes sense if two things are true for you. 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. Don t get swept away by the excitement of getting your first car. This strategy will help you avoid overextending yourself financially and getting deep into debt when buying a car.