5 Steps to Financing Your First Car

Congrats on the new job! Or the promotion! Or whatever’s changed in your life where you can finally trade in your old car and get behind the wheel of something newer, shinier, and more advanced. But if that also means you're financing a car for the first time, it can be a little intimidating. How do you get a good interest rate? Will the credit check be in your favor? And what else should you think about with that monthly payment? If you’re confused or worried, don’t be. Desola Balogun is here to help you navigate the world of car finance for you first-timers. And you know what? It turns out that, with a little planning, it’s not hard at all.

Chapter Breaks
00:00 Intro
00:47 The 5 Steps
01:25 Credit
3:00 Finding The Right Car
03:55 Budgeting
04:55 Reliability
06:27 Insurance
07:05 Conclusion

#carfinance #carbuying #firsttimebuyer

[CarMax]

By being careful, and with a little planning, you can live the dream of financing your first car.

[animalcub]

Awesome video.... Thank You for being so clear and honest... Big help.

[Mr_Banker]

Bought my Lexus last year! couldn't have be more happier.. Thanks CarMax!

[GonzoR]

5k a month is 31$ an hour so basically have a top tier job then buy a car

[uratowel]

How long do I need credit history before I can make such purchases ( good credit )

[kingjay]

You want to lease a car like old faithful 😐😐😐😐

[willb]

If you want to be poor for your whole life, finance a car. If you want to be wealthy, only buy cars within your means with cash.