Posted on: Dec. 17, 2017 in Cars

Buying a car doesn’t have to be overwhelming, but if you’ve never done it before it might seem like you don’t know where to start. While it’s a large purchase, it’s not that much different than anything else. You need to know what you want, what you can afford, and how you can get it. Here are a few steps to guide you to your first vehicle purchase.



Spend a little time thinking about the type of car you want. Think about what fits your lifestyle and needs. Give consideration to where you’ll park it, too. A full-sized pick up might not fit so well on a crowded city street! If it’s snowy where you live, consider a vehicle that can handle the weather. Read up on the cars that interest you and get a feel for prices, features, and other considerations.


The overall cost of the car you want isn’t your only concern. You’ll want to have as big a down payment as possible so you can finance less. Look at your monthly income and how much is left after you pay your bills. Finally, consider how long you’ll be able to pay this loan – a loan that will stretch out for five or more years can impact your life significantly.


Check your credit to see how things will look to a possible lender. Have you missed payments before, driving your credit score down? Do you have any credit history at all? If your score is low, you may not qualify for the loan you want. Interest rates may be higher than for someone who has better credit. If your score is very low, you may not qualify for a traditional loan at all. It’s best to get an idea of what you’ll be up against when you apply.


This might be the most important thing you need. Having the perfect plan in place is great, but as you begin the buying process, you may find that things don’t work out as you plan. Being flexible on the cars you’ll consider and the features you need will go a long way to making things easier on you.

One place you don’t want to be flexible is your price. Knowing what you can comfortably afford is important. Don’t let a salesperson or a flashy deal convince you to spend more than you know you can afford.

Buying your first car is exciting and fun. When you’re prepared to make the decisions you’ll need to make, it can also be easy!

If you’re ready for a new car but your credit is keeping you from getting approved, CreditYes can help with our bad credit auto loan program! We can match you with a dealership in your area that will be with you every step of the way. Our service is fast and free. Fill out our secure online application and get behind the wheel of your next car today!