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Great Information for First Time Car Buyers
A wrong decision when buying a car can put you in a financial hole that would take years to dig out of. This is why you need to play this smart.
The dealer does not think you are smart and will try to stick you with a high interest rate or confuse you with information about being a "first time buyer". Some dealers actually have programs for college students or first time buyers - you just have to check around as these programs come and go and change all the time.
Because the dealer may not think you are a smart car buyer they will try all the intimidation and tricks they know. This is why you must be prepared and knowledgeable.
- Know Your Credit Scores and
- Know Your Credit Reports
 
- Study the available rates by going to Up2Drive.
- Don't fall for 0% and "No Money Down" ads. You cannot get approved for 0% and you do not want to buy a car with no money down - this could cause great problems for you in the future.
- Purchase a quality used car as this will be for less money. The less your loan the less your interest payments each month. You need to keep this in mind because of your higher initial interest rate.
- Refinance the loan after six months of perfect, on time payments. Without perfect payments - you will not be able to refinance.
- Pay down your debts and keep your credit report clean and spotless.
- Keep your life stable - by living somewhere you can afford. If you move around - getting a loan is that much tougher. Stay where you are and build your credit.
If your parents offer to buy you a car - this is a wonderful gesture - but instead have them use the money as a down payment to a better car - one that you can use to establish and build your credit. Click on these logos to get everything you need to save money on your next car purchase.
Vehix is for your next Used Car purchase. Get a listing of cars available in your area.
Click on these logos to get LOW Invoice pricing for your New Car.
  
If you are getting a Used Car make sure you get a CARFAX - this step can save you time, headaches and lots of money.
Check the latest and best rates for your financing with Up2Drive - the online leader.
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