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When you're in the market for a car, following the proper order of steps can save you time and money. If you head straight to the car dealership unprepared, you probably won’t find the right car in one visit—even with the help of their sales professionals. To ensure your purchase goes as smoothly as possible, follow this process.

How to Buy From a Car Dealership If It’s Your First Time

1. Plan

First, think about what you need. Are you looking for a small sedan for yourself, a large family van, or something sturdy like a truck? Consider how much DIY maintenance you can perform, desired safety features, and extras that you’d like. Next, decide your budget and place a firm upper limit on your spending. Finally, research which makes and models are likely to meet your requirements and fall into your price range.

2. Visit the Car Dealership

Car DealershipLook online for a local used car lot that has at least one of the models you're interested in. Visit at the end of the week, month, quarter, or year since these are the times salespeople are most eager to make a sale. Once you're there, let them know what you're looking for, and be as specific as you can. Don't get distracted by other vehicles they may offer; you've done your research and know what you need.

Take a test drive with the vehicle you're considering, and spend at least 20 minutes on the road to ensure the car still runs well when it's warmed up. Also, examine the interior, the engine, and the undercarriage for anything obviously wrong, like rust or cracked hoses.

3. Find Financing

Once you know what you are looking for, What financing options are realistic for you based on your income and credit?

Don’t borrow more money than you are comfortably able to repay. Your credit score will directly impact the interest rate you will pay on your loan.

For example, an individual with a FICO score of 720 is likely to be offered a loan for about 5.75%. For the same loan amount,  and individual with a credit score of 660 will likely see the interest rate increase to about 9.2%, and this will cause the monthly payment to be $15-$20 higher.

Use this monthly loan payment calculator to determine your car loan payment.

 

If you're looking for a used car dealership in Stark or Mahoning counties, OH, choose Cornerstone Motors of Alliance. They have a wide selection of Ford®, Dodge®, GMC, and Chevy® vehicles and specialize in hard-to-find models. For questions, call (330) 680-9066, and browse their inventory online.

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