How do I finance my first car?
I have a few questions. I currently own a 93 Subaru Legacy, but I'm hoping to get something newer (hoping for a newer Legacy, get the AWD). However, my parents gave me the Legacy, and I've never purchased a new car. I'm trying to figure out: -Is a Subaru the best car to get for driving around Colorado (lots of snow)? Is there something else that is a good combo of sporty and reliable, as well as good for snow? -Where is the best place to get a loan? I was going to try my credit union, but I'm not sure what they'll do. Will they (likely) do loans for first time borrowers? -What is my last Subaru worth? Blue book or otherwise? -Is it better to try to find a 2-year old car online, at dealerships, or from a private owner? Also, what amount (percentage) is a good amount to put down on a car?
Public Comments
- get the dealer to give you a signed purchase order. Carry that purchase order to the nearest credit union. They will help you do the rest.
- Save! Save! Save! Avoid getting a loan. Get a second job. You will never get ahead if you are paying off loans.
