5 Steps To Follow When Buying Your First Car

5 Steps To Follow When Buying Your First Car
  • Opening Intro -

    Growing up is a frightening reality.

    However, with a little bit of guidance, the adult world isn’t so scary.


A task many young adults will face is the process of buying their first car! The thrilling experience also comes with some important steps to follow.

Start With Finalizing How Much You Can Afford Each Month

Most people begin car shopping by looking at various makes and models and deciding on the paint color they want. Although this is the exciting part of the process, you must begin by deciding which make and model best suits your monthly budget.

You’ll need enough for a downpayment, insurance, property taxes, and potentially a loan to help pay for the vehicle. The car’s cost and duration of the approved loan will impact the monthly amount.

Before stepping foot on the car lot, ensure you set a reasonable budget for yourself. You’re more likely to stay away from cars that aren’t in your price range.

Receive Preapproval for an Automotive Loan

You can receive preapproval for an auto loan before picking the car you want to purchase. Preapproval means you’ll receive an idea of the rate and terms of the loan.

Fortunately, applying for preapproval doesn’t equate to a finalized deal. Send applications to two to three lenders. After reading through each offer, you can make a more educated decision about the lender you prefer.

Start Shopping for the Right Vehicle for You

Now the fun can begin! Consider whether you need a new or used vehicle first. Shop online or browse the selection at dealerships to get a good idea of what’s out there.

Remember to take your time as you shop. Dealerships might try to pressure you into buying the first car you test drive. Remain firm and don’t let the dealers dictate your decision.

Always Test Drive the Car

Not all cars feel the same, from the seats to how the car accelerates. Investing in a car is a big deal. Before buying, make sure you drive the vehicle once or twice to guarantee it drives just the way you like.

Ensure Your Insurance Will Cover the Vehicle

Automotive insurance is a must when buying your first car. Each state requires it before you operate a vehicle.

Automotive insurance protects you, your vehicle, and others in case of an accident. An accident can be in the form of a bodily injury or damage to a person’s personal property. You might need some help filing a car insurance claim in these cases.

People who have never owned a car before and don’t have insurance must purchase auto insurance before finalizing the vehicle purchase. You need insurance coverage to drive the vehicle home safely. After securing the insurance, you can add the new vehicle to the plan.

Individuals with established coverage have a little bit of time before adding the car. Most plans require you to report the vehicle within 30 days.

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Register the Vehicle Through the State

Each state has specific rules to follow when registering a vehicle. Confirm the steps you must follow when registering your first car based on the state in which you reside.

The general process consists of filling out a registration and title form. You can complete them by visiting your local Secretary of State’s office in person or online. Once you complete the form, you’ll receive the issued license plate and sticker permitting you to drive.

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