15 Things to Consider When Buying Your First Car

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9. Avoid Automatically Financing with the Car Dealer

For one’s first time car purchase, one of the biggest mistakes that you can make is to simply settle for the car dealer’s financing options. Although it is possible to get a great rate through larger auto financing companies, the lesser-known ones make their money on the backs of consumers. Don’t let your new car purchase be the source of profit for the smaller companies. Most reputable dealers will provide you with a copy of the financing details before you sign the papers. This gives you an opportunity to take the paperwork in to your local bank or credit union and see if you can get a better deal. Not only will you be able to see a better monthly payment, but taking the time to find the best deal will also help you avoid getting scammed by the auto dealer.