Credit unions:If you have little or no credit history, you may be eligible for a first-time car buyer program with a localcredit union auto loan. You’ll need to become a credit union member to apply for loans, so inquire about ways to join before moving forward. ...
If you’re trying to decide how much you can afford to spend on your first car, getting preapproved for a loan is an excellent step. When you are preapproved for a first-time auto loan, the financial institution will likely take into account your credit history, income, and oth...
We're here to guide you through the car buying journey - with advice to help find the perfect vehicle and right financing solution for you. New to Canada? See how we make it easier to buy your first car herein a new window Four...
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....
Credit unions require membership to get a loan, but many make joining easy. >> MORE: What is a first-time car buyer program? Captive lenders. A captive lender is the financing arm of an automaker. They often finance cars for first-time car buyers with the hope of securing br...
Doing so could tank your credit scores, resulting in a higher mortgage rate or potentially even a last minutedeclined mortgage. Wait until your loan funds to furnish your home! First-Time Home Buyer Tip #2: See What You Can Really Afford ...
What's New for 2025: Volvo The Car Connection Daily Headlines Stay up-to-date with the latest news in the car world delivered daily. Get the Newsletter I agree to receive emails from The Car Connection. I understand that I can unsubscribe at any time. Privacy Policy.Research...
car shopping. You can start with a credit card from your bank or a gas card from a local gas station, but be wary of store credit cards, which generally have high interest rates (18%–22%). Pay your bills on time and in full every month, and you will soon have a solid credit ...
The article reports on a survey, conducted by the Polk Center for Automotive Studies, which tries to find out the factors that play role in the purchase decisions of the first-time buyer about cars in the United States. Americans age 18 to 30 have been surveyed, who had bought or leased...
Apart from this, some companies reward safe drivers. The black box in your car measures your driving behaviour and depending on your insurer, you might gain up to 100 Bonus Miles every month. This could accumulate at the end of the year, thus saving you money at the time of renewal. ...