What to Know Before Buying a Car

woman holds key fob in front of new car

So, you’re ready to buy a car, but don’t quite know where to start. Understandable! The car buying process involves a lot of time, research, and of course, money, which is why you should be as prepared as possible.

Here are six things you should know before buying a car:

  1. Know your credit history.
    If you are considering buying a car, it’s important to know where you stand in terms of your credit, especially if you plan on applying for auto financing. You can do this by checking your credit report, which lenders and finance companies typically review to get a better understanding of your credit history. You can access your credit report for free once every 12 months through the three major credit bureaus: Equifax, Experian, and TransUnion.

  2. Know your budget.
    Buying a car is a necessary long-term expense, which is why it’s important to know your budget and how much you can afford. You can do this by reviewing your current expenses, calculating how much you need for a down payment, setting up a car savings fund, and managing your spending.

  3. Know which vehicle type will best meet your needs.
    Before buying a car, it’s important to do your research and determine which model best fits your needs and budget. Aside from price comparison, 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.

  4. Know your car financing options.
    While you’re shopping for your next vehicle, it’s also important to know your financing options. For car buyers with bad credit or no credit, getting approved for financing can be challenging. Credit Acceptance is a finance company that helps more than 12,000 car dealerships across the nation approve credit-challenged car buyers for auto financing, regardless of their credit history. Start your auto financing pre-qualification today!

  5. Know which car dealerships can work with you.
    Finding a dealer enrolled with Credit Acceptance has never been easier. Simply enter your contact information into a short form, and you’ll be connected with car dealerships in your local area who are able to offer you a credit approval. Click here to find an enrolled car dealer near you and get started!

  6. Know what documents to bring to the car dealership.
    Buying a car can involve a lot of paperwork, so it’s important that you know what to bring to the dealership when you’re ready to make a purchase. This includes your driver’s license, proof of income, proof of residence, proof of insurance, valid form of payment for the down payment, and if you’re trading in your vehicle, the current title and vehicle registration.

If you’re in the market to buy a car and have bad credit or no credit, Credit Acceptance can help! Click the link below and fill out the form on our website to get connected with a car dealership in your local area that can help you get approved for financing on your next car.

Start your auto financing pre-qualification today!