First time financing a car, I would like some insight! - Reddit

Young new car owner (23yo) looking for some insight on my first financing. For some background, I just bought a brand new 2023 EN, put down 16k down payment (~40% down) and financing …

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First Time Financing A Car, I Would Like Some Insight! - Reddit

1 week from now

Young new car owner (23yo) looking for some insight on my first financing. For some background, I just bought a brand new 2023 EN, put down 16k down payment (~40% down) and financing …

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First Time Financing A Car Tips? : R/personalfinance - Reddit

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Do everything you can possibly do to get him to follow the 20/4/10 Rule. Make at least a 20% down payment on the car. Your loan term should be no longer than 4 years (48 months) Your …

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Buying A Car For The First Time, I Need All The Advice I Can Get

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You want to head over to car advice or r/whatcarshouldibuy. Your credit score is amazing, so you want a apr of like 6% to 8%. Where they get you is on financing. If you can get a car loan …

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Should You Finance A Car? Here's What To Know First - The Daily …

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14 hours ago · To show viewers what this might look like in practice, Bankrate demonstrated how much the owner of a four-year $48,000 auto loan would pay with a 7.8% interest rate.

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$350
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6 Rules For Buying Your First Car - NerdWallet

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Dec 7, 2021 · She worked the numbers and came up with a monthly payment of $350 and said she had $5,000 for a down payment. 2. Get preapproved before you shop. The hardest thing …

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I'm Buying A Car For The First Time, Any Advice? : R/askcarguys - Reddit

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A $10k loan over 5 years at 3% you will pay $781 in interest. Stretch that to 6 years and 5% which doesn't seem like a big jump but it more than doubles your total interest cost to $1600. Plug in …

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Buying My First Car By Myself :( : R/personalfinance - Reddit

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In the first four years of ownership, that warranty covered $16,000+ of repairs. When I sold the car, the remaining warranty transferred to the new buyer for a cost of $100. I doubt the third …

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FAQs about First time financing a car, I would like some insight! - Reddit Coupon?

Can a first-time car buyer get a loan?

Many banks and car dealerships offer loan programs that can assist first-time car buyers with lower down payments, monthly payments and interest rates. Ask your bank or local dealerships about programs they may offer. What is a good credit score for a first-time car buyer? ...

How do I get a car loan for the first time?

Once you've paid off the loan in its entirety, the car is officially yours. To get the best possible loan terms, before you even apply for an auto loan you should check your credit rating. So it's time for step one of financing a car for the first time. Anytime you finance something, your credit score is a major factor in getting a loan. ...

How do I buy a first-time car?

Buying your first car doesn’t have to be intimidating. Preparation is key and can set you up for success when you head to the dealership. Among the things you’ll need to do is save for a down payment, create a budget and check your credit score. Here’s a first-time car-buyer guide to help get you through purchasing your first vehicle. 1. ...

Can a first-time car buyer get a low interest rate?

As a first-time car buyer, you’re unlikely to get the lowest interest rates, but you can still shop around to improve your rate. If you belong to a credit union, that should be your first stop. After that, consider your bank or online auto lenders. And don’t accept financing at the dealership as your only option. ...

Should I finance a car?

I don't advise financing a car at all, as the car will only depreciate (worth less) and the monthly payment will eat your alive. Forget the cosmetics stuff, ie. paint/bents. Focus on the mechanics, ie. engine/drivetrain/tire, etc. Then, save $100/month for repair/toward a new used car. ...

How do you finance a car?

How to finance a car (the smart way!) Save serious money on auto financing by leveraging competing loan offers at the dealership, making at least a 20% down payment, and keeping the loan term as short as you can realistically manage. Oh, and — of course — don't buy more car than you can truly afford. ...