Top Tips for New Car Buyers: Making the Right Choice

 
 

Buying a new car is an exciting milestone in anyone's life. However, it can be an overwhelming process, especially for first-time buyers. Unity Catholic will provide valuable tips for purchasing a new car, helping you navigate the process, and finding the perfect vehicle that fits your budget.

Set a Realistic Budget: Before diving into the car-buying journey, determine how much you can comfortably afford. Consider not only the upfront cost but also ongoing expenses like fuel, insurance, maintenance, and loan payments. Be sure to leave room for unexpected costs and emergencies.

Research Thoroughly: Spend time researching different car models, features, and prices. Compare prices from various dealerships and online platforms to get a better understanding of the market. Read reviews, watch videos, and consult trusted sources to learn about the reliability, performance, and resale value of your preferred vehicles.

Consider Financing Options: If you plan to finance your new car, explore different financing options, including Auto Loans from Unity Catholic FCU. At Unity Catholic FCU, we believe everyone deserves the best we offer, regardless of their credit history. Even if you have no credit, you can still secure an A+ rate when you buy your car with us. Benefit from rates as low as 5.49% APR*, allowing you to make a responsible purchase and build your credit history. Get pre-approved for a loan to streamline the purchasing process.

Don't Forget Insurance: Before finalizing your purchase, research insurance options and obtain quotes for your desired vehicle. Insurance premiums vary significantly based on the make, model, and driving history.

Buying a new car can be an enjoyable and fulfilling experience, especially when armed with knowledge. By setting a realistic budget, conducting thorough research, exploring financing options, and considering insurance costs, you'll be well-prepared to make an informed decision. Remember, the key is to find a vehicle that suits your needs, aligns with your financial goals, and brings you joy for years to come. Happy car shopping!

*APR = Annual Percentage Rate. Applicant must be 18 years old and have income to qualify. Monthly payment is $20.00 per $1,000. Borrowed at the rate of 5.49% APR for 60 months. While credit is not required to receive the rate quoted, borrowers may not have derogatory credit. Offer and rate may vary depending on individual credit history. All loans subject to credit approval. Maximum loan value 90% of NADA plus taxes, credit life and/or disability insurance, warranty, credit union and dealer fees. The loan is subject to credit approval. All UCFCU programs, rates, terms and conditions are subject to change at any time without notice. No prepayment penalties apply. Federally insured by NCUA. Additional insurance up to $250,000 through ESI a licensed insurance company and an Equal Housing Lender. 07/01/2023 - 09/30/2023
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