First Time Car Buyer FAQ

Are you considering buying your first car? We understand that this can be an exciting yet overwhelming experience, and we're here to guide you through the process. Here are the top 10 FAQs for first-time car buyers to help you make informed decisions and embark on your car ownership journey with confidence.

1. Is the car affordable?

   Before diving into the car buying process, it's essential to evaluate your budget and lifestyle to determine the affordability of the car. Understanding your financial boundaries will significantly impact your overall car ownership experience.

2. Is a used car better?

   Considering a used car is a popular choice for first-time car buyers due to its lower cost and potentially reduced insurance coverage requirements. Exploring used cars can open up a wider range of options within your budget.

3. How good is the car?

   Research is key when selecting your first car. Consider factors such as fuel economy, safety features, cargo space, and other specifications that align with your driving needs and preferences.

4. What is the monthly car payment?

   Ensure that your monthly car payment doesn't exceed 10% of your monthly take-home pay. It's important to factor in additional ongoing expenses such as gas, insurance, maintenance, and repairs.

5. What are the financing options?

   Explore financing options from banks, credit unions, dealerships, or third-party lenders. Aim for a shorter car loan term to secure the best overall deal.

6. How does leasing work?

   Leasing offers flexibility and the opportunity to experience better-equipped new models, often accompanied by advantages such as scheduled maintenance and warranty-covered repairs.

7. Is car insurance necessary?

   Securing active car insurance is crucial to protect against unforeseen losses. It's an essential aspect of responsible car ownership and should be factored into your budget.

8. Where is the sale?

   Local car dealerships offer a variety of pre-owned and new vehicles, providing the opportunity to explore different options that suit your preferences and budget.

9. Why is a test drive important?

   A test drive allows you to experience how the car feels on the road and provides insight into its performance and comfort. It's also an opportunity to identify any potential issues before making a decision.

10. What is the vehicle purchase agreement?

    Negotiate for a fair price on your desired vehicle and thoroughly review the vehicle purchase agreement and any dealer-covered items on the final bill before finalizing the deal.

Ready to make your first purchase? Whether you reside in Oxford, PA, or the surrounding areas, Jeff D'Ambrosio of Oxford Mitubishi is here to provide expert guidance and a wide selection of quality vehicles to make your first car buying experience memorable.