: Steer clear of 84-month (7-year) loans; aim for 60 months (5 years) or less to ensure you don't outlive your warranty while still paying. 3. Research Models and Market Value Don't rely on the window sticker (MSRP) alone.
Buying a new car is a major financial commitment, especially in the 2026 market where average new car prices have exceeded $50,000. To ensure you make a smart investment, follow this chronological guide to the buying process. 1. Establish Your Real Budget things to know when buying a new car
: Compare rates from outside sources like Scott Credit Union or other local banks and credit unions before visiting the dealer. : Steer clear of 84-month (7-year) loans; aim
: Review your credit score and report before applying anywhere. Buying a new car is a major financial
Before looking at cars, determine what you can actually afford.
: Get an independent appraisal for your current car before going to the dealership to ensure you're getting a fair price. What are some tips for when buying a car from a dealership?
: Use resources like Kelly Blue Book (KBB) or Edmunds to find the actual market value of the car.