Congratulations – you’re ready topurchase a new car! The process can be daunting, but Wasatch Peaks will walk you through it. Follow our guidelines for a stress-free ride!
1. DETERMINE IF YOU REALLY NEED A CAR
OK, you weren’t expecting this, but it’s important to take a step back to review your actual transportation needs. Between the growing popularity of ride sharing, public transportation, and opportunities to carpool, there may be better or cheaper options available to meet your needs.
2. KNOW YOUR BUDGET
If you’ve determined that a car purchase is necessary, don’t start hunting for your dream car until you’ve worked out a realistic budget. Take a hard look at your other monthly expenses to see how much you can spare fora new set of wheels. Don’t forget to include some cash for auto insurance, gas, and maintenance.
3. CREATE A TENTATIVE WISH LIST
Sit down and make a list of all the“must haves” and “wants” you’re looking for in a vehicle. Determine how much each feature would cost you in a car and decide which bells and whistles are really important to you.
4. OBTAIN FINANCING
If you’ve been saving up cash for a down payment on your car, you’re already a step ahead! Before you start shopping, visit Wasatch Peaks to learn about your auto loan options and get a pre-approval to ensure you fall in love with a car in your price range.
5. RESEARCH YOUR OPTIONS
You’re ready to start looking for a vehicle that will satisfy your needs and wants. You can research ratings and user reviews on sites like Cars.com and create another list that contains your top three choices of car makes and models.
6.LOOK UP LISTINGS
Start scavenging for listings of your car choices online and in your neighborhood. Once you’ve found several that mightwork, research their histories on Carfax.com and then contact the seller to set up a test drive.
7. TAKE IT FOR A SPIN
If a car checks out and everything looks good, you’re going to want to take it for a test drive. Pay attention to details like legroom, acceleration, brake functionality and more while you drive.
8. HAVE IT INSPECTED
If you’re purchasing a used vehicle, it’s best to have it inspected by a mechanic before signing on the deal.
9. MAKE IT OFFICIAL
If your car has passed the test drive and inspection, you’re ready to make it official! Be sure to read all documents before signing and obtain insurance before your first joyride.Get to where you want to go with Wasatch Peaks! To get started, contact our loan specialists at 801-627-8700 or visit your local Wasatch Peaks branch.