Tips for First Time Car Buyers
Tips for First-Time Car Buyers
Read Here Before Buying Your First Car!
If it's finally time to buy your first car, chances are you're very excited, as you should be! However, buying your first car can be overwhelming. The sales team here at Gary Miller Chrysler Dodge Jeep Ram wants to help you hold on to that excitement and enjoy the car buying process, even if it's your first time. We also want to make sure you get the car that fits your needs and budget. Please continue reading below to learn how to find the perfect first car for you. Then, be sure to check out our wide selection of new and used cars right here on our website!
Set a Reasonable Budget
With any large purchase, it's essential to set a budget that you can stick to, and buying a car is no different. Before finding a car and getting financing for it, it's important to take a look at your current financial situation. Keep track of how much money you have coming in each month and how much you spend. This will help you determine how much you can afford to spend monthly. When looking at your finances, you should also see how much you have saved up for a down payment, as this will enhance your chances of getting approved for financing. To see how much you could borrow to spend on a car while remaining within your budget, use the secure financing application and payment estimator right here on our website. This will help narrow down your focus on the cars that you can afford.
Consider Buying Used
Many first-time car buyers choose to buy used for a variety of reasons. First and foremost, while new cars are tempting, buying a used car is more affordable than if you bought the same car brand new. This is because of the new car's reduction of value over time, also known as depreciation. On average, a new car loses approximately 20% of its initial value in the first year of ownership. After the first three years, it can lose as much as 40% of its original value. But, after the first three years and initial depreciation are out of the way, the depreciation rate begins to slow down to approximately 10% each additional year. This gives the second owner the ability to enjoy the value of the car longer while getting it at a cheaper price. Since used cars are cheaper, shoppers can get a higher trim level with more features for the same amount or less than a brand-new entry-level trim of the same car. If you shop for a certified pre-owned car, you get all the benefits and warranties of a new car without paying the new car price tag.
Choose your Car
When looking for your first car, it's easy to only look at cars that suit your needs in the moment. For instance, if you're moving soon, it can be tempting to buy a truck or large SUV. However, if you're only going to be commuting by yourself without extra people or cargo after the move, a truck or SUV would be unnecessary. So consider what your long-term vehicle needs are. To do this, look at what you'll be using the car for most. If you're commuting by yourself to work or school, a sedan or crossover SUV would be perfect. However, if you'll be carrying multiple people or lots of cargo, a truck or SUV will be a better choice. You should also decide what features you want and need to make each drive comfortable and convenient for you.
Cars for Sale Near Me
If you're looking for your first car in the Erie, Pennsylvania area, then Gary Miller Chrysler Dodge Jeep Ram is here to help! Our professional sales team will work tirelessly to get you behind the wheel of the car you need, while the financing experts will help keep you within your budget. Start your search right here on our website by using our secure financing application, payment estimator, and by browsing our New or Used inventory. We look forward to working with you!
* MSRP is the Manufacturer's Suggested Retail Price (MSRP) of the vehicle. It does not include any taxes, fees or other charges. Pricing and availability may vary based on a variety of factors, including options, dealer, specials, fees, and financing qualifications. Consult your dealer for actual price and complete details. Vehicles shown may have optional equipment at additional cost. *Pricing provided may vary significantly between website and dealer as a result of supply chain constraints. Pricing shown is non-binding and does not constitute an offer. Contact your dealer for updated vehicle pricing. * The estimated selling price that appears after calculating dealer offers is for informational purposes, only. You may not qualify for the offers, incentives, discounts, or financing. Offers, incentives, discounts, or financing are subject to expiration and other restrictions. See dealer for qualifications and complete details. * Images, prices, and options shown, including vehicle color, trim, options, pricing and other specifications are subject to availability, incentive offerings, current pricing and credit worthiness. * Max payload/towing estimate ratings shown. Additional options, equipment, passengers, and cargo weight may affect payload/towing weights. See dealer for details. * In transit means that vehicles have been built, but have not yet arrived at your dealer. Images shown may not necessarily represent identical vehicles in transit to your dealership. See your dealer for actual price, payments and complete details.
Max payload/towing estimate ratings shown. Additional options, equipment, passengers, and cargo weight may affect payload/towing weights. See dealer for details.