There are only a few daily essentials in life considered large purchases and they often require financing – a car is one of them. Those factors alone can make buying your first car intimidating, but when coupled with haggling and other car-shopping pain points, it can also be overwhelming. Make purchasing a vehicle less stressful by following this 3-step approach and using our handy tools and resources below.
1. Finance – Use the tools below to learn about financing options. Then, get pre-approved for an auto loan online, so you know what type of car you can afford to simplify the research phase.
- Estimate your monthly payment or purchase price: Auto Payment Calculator
- Compare low-interest financing with a manufacturer rebate: Auto Rebates & Financing Calculator
- Get instant pre-approval for an auto loan: Auto Loan Application
2. Find – Now comes the fun. These resources can help you find the right car for you and your budget – all from the comfort of your home.
- Prepare for the purchase: 5 Questions to Ask Yourself
- Decide which is better for you: New or Used, Buy or Lease
- Know which safety features are worth the cost: New Car Safety Features
- See which add-ons to avoid: Auto Extras
- Consider these models: Safest Used Cars for First-Time Drivers
- Use online sites to get upfront dealership prices. Find the car you want online: Car Loan Service
3. Buy – Once you’ve narrowed your car selection, head to the dealership. And if you’re pre-approved for a loan, you can access your application from any device and complete the paperwork.
- Print and take this checklist with you if buying used: Used Car Inspection Checklist
- Take advantage of sales and promotions: Best Time to Buy a New Car
- Spot warning signs before purchasing: How to Test Drive a Car
- Navigate around car dealer sales tactics: 8 Car Sales Tactics to Know
Getting educated can make your first car-buying experience less stressful. Let Nationwide help make it even easier with our car loan service.