Buying a new car doesn’t need to be like a game show. No choosing the right door and winning your prize – a deal on a good car! We are here to help make the car buying experience easy by outlining a few simple steps you should consider when buying a car.
Set your budget – Decide how much you want to spend, what your monthly payment should be, and how you will finance your purchase. Don’t forget to get insurance quotes as well and include that in your numbers.
Get Pre-Approved by your Credit Union– Getting pre-approved by your credit union before sealing the deal. It takes the hassle out of guessing what you can and cannot afford, and takes out a lot of the guesswork and uncertainty. Plus, your Loan Officer will look over the purchase order prior to funding to ensure you are getting the best deal, and aren’t paying for unnecessary fees.
Choose the right car – Narrow the fields and choose the model that best serves your needs. Think about all the ways you plan to use the car, will it accommodate your family, and keep them safe.
Check reliability and ownership costs – Choose a reliable car that you can afford to own. Look into average repair costs and make sure it will fit into your budget.
Test-drive the car – Test-drive your top choices to see which car is right for you. Find a route that has a bit of everything such as hills, rough pavement, and curves to make sure it performs to your expectations.
Find the right price – Use price guides, to see what other people are paying for the car you like. Make sure you accurately input all the options you want because in some cases all the little factors can affect the cars price.
Negotiate – When negotiating in person it can be overwhelming. But it doesn’t have to be. Just go slowly, and make sure you are understand the numbers. Ask for a breakdown of the car, and any additional fees before you agree to a deal. And don’t be afraid to walk away if you can’t come to an agreement, or don’t like the way you are being treated.
Maximize trade-in value – Find out the value of your car, and get the most out of it when trading it in. Compare the numbers you find and the numbers the dealers are giving you, and try and find a fair price.
In the market for a new car? Don’t miss out on our Enterprise Fall Car Sale going on now! Connect with one of our Loan Specialists today to get pre-approved by calling 503.275-0300 Option 2, applying online, or stopping in today!