Buying a car can be pretty exciting, but it’s also a process that
requires a lot of time, patience and of course, money. Keeping that in
mind, it’s good to know all the steps involved with making a big
purchase — especially if you’re a credit-challenged customer with bad
credit or no credit established.
Here are seven things to consider during the car-buying process:
Do your research. You may already have an idea about the type of car you want,
but hey, you can never be too sure. Researching several vehicles
beforehand can help you determine which options best suit your
needs. Reading reviews from vehicle experts and owners is a good way
to gain valuable insight on the features and benefits a car has to offer.
Determine what you can afford. Before you purchase a vehicle, it’s important to review your
finances and determine a feasible budget that allows you to cover
all of your monthly expenses.
Get a copy of your credit report. If you are considering financing your vehicle, it’s a good
idea to check your credit report and credit score. Knowing this
information beforehand can improve your car-buying experience
because you know what to expect when trying to get an auto loan or
financing. You can obtain one free credit report from each of the
big three credit bureaus — Equifax, Experian and TransUnion — every
12 months, by visiting annualcreditreport.com or calling 877-322-8228.
Finding a car dealer. Getting connected with the right dealer can make a world of
a difference in your car-buying experience, especially if you’re a
credit-challenged customer looking to get approved for financing.
Credit Acceptance has a strong network of enrolled dealers who can
help you get started on your credit approval. To get connected with
an enrolled dealer near you, fill out the Find Your Credit Approval
form on our website.
Test it out. Test-driving a car is an important step in the car-buying
process because it gives you the opportunity to thoroughly inspect
the car and get a feel for everything it has to offer, from the
features to the way it drives. If you’re looking at a used car, you
may also want to consider getting a professional mechanic to inspect
the car before you make a purchase.
Think about it. Take some time to process your observations and consider all
of your options before making a final decision. Purchasing a car is
a pretty big deal, so you want to be sure that you are making the
Congratulations on your new car! You’ve signed all the paperwork and are ready to drive your
newly purchased vehicle off the lot. But before you do that, you may
want to ask thesalesperson for one last walk-through of the car in
case you have any last-minute questions about any features or functions.
Do you need to get approved for financing? Fill out the form on our website to get
connected with an enrolled dealer who can help you get started on your
credit approval today!