How to Finance A Car For a First-Time Buyer

By Product Expert | Posted in Finance, Tips & Tricks on Friday, May 17th, 2019 at 2:53 pm
Hand sorting through a stack of hundreds

It’s not exactly an easy process to buy a car. After all, you can’t just head to the store, pick up what you need, and then leave. It can feel pretty daunting, especially if you haven’t done it before.

There are hundreds and thousands of stories about pushy salespeople or bad car buying experiences. It’s a pretty significant investment of money for most people, so buying a car isn’t something to be done lightly. It doesn’t have to be all doom and gloom though. There are some easy and concrete steps you can take to make things a lot easier.

First Time Car Buying Tips

The best first step you can take is setting a realistic budget for yourself. The cost of the car and monthly payments are two of the big things you need to think about, but there’s even more than that. Bills and cost of living should also factor into your decision making. All of these costs combined will be what decides the type of car you can afford.

Two people talking over papers in an office

Approved car loan with a key and pen

Once you have some of the numbers in place you can really get to work. At this stage, you might want to consider talking to a few financial institutions about your loan options. By shopping your loan around you can get some different rates and work things in your favor with a little finesse by making the banks fight over you. It will also help to enter the dealership with a pre-approved loan in hand. This will help you stay in control of the negotiations because you know how much you can afford.

How Do I Return a Leased Vehicle?

Volkswagen Financing in Los Angeles, CA

If it’s your first or hundredth time buying a car, you should stop by Volkswagen of Downtown L.A. We have an energetic staff ready to help you figure out which car is right for you. Feel free to call ahead with any questions and we’d be more than happy to help.

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