Tips to buying your first car

If you are a first time car buyer this video is for you. In this video we will save you over $4,000 on the ca deal which equates to $80 per month. We provide a step-by-step guide for first-time car buyers. From setting a budget to researching different models and negotiating with dealerships, we cover everything you need to know to make an informed decision. We also share tips for finding the best car deals and financing options, as well as advice on how to maintain your car once you've made your purchase. Whether you're a student, recent graduate, or simply in the market for your first car, this video will help you navigate the car-buying process with confidence. Watch now and drive off with the car of your dreams!

Experience hassle-free car shopping with Chevy Dude, the owner, and operator of Mike's Car Store.

As a popular car-buying advocate and YouTuber, @ChevyDude knows how to make the car-buying process enjoyable.

5 Tips for First-Time Car Buyers - Save OVER $80 per month.

[kelseysreborns]

Me watching this at 29 trying to get my first car. My parents never set me up financially so I'm slowly building up my credit

[kyledenzinger]

Bought my 1st car 4 years ago and this is exactly what I did, basic hatchback, great fuel and reliable nothing fancy and my credit score Booming now, great video and tips for sure

[jamieg]

I’m 18 just paid for my first brand new car in full, this video was very helpful! Thank you

[flpete]

As a Car Consultant, Thank You CD for all the tips of the trade. It really does help as i use some of what you say to my customers.

[shojus]

I have a 701 FICO8 score and was approved with Honda Financial for their lowest rate of 4.9% for 60 months. Yes, I did have a significant amount to put down, but you can get the best rate without having a super high score.

[cartalks]

Thanks for this wonderful video... here is what I understood :)
1. Importance of Decision-Making:
- Emphasizes the significance of making informed decisions when buying a first car.
- Highlights the lack of education on crucial aspects like home and car purchases in traditional schooling.

2. Determining Budget:
- Stresses the importance of establishing a budget before heading to a dealership or searching for a car.
- Advises on understanding monthly payments based on net income and recommends staying within a specified budget range.

3. Setting Realistic Expectations:
- Encourages buyers to focus on essential factors such as reliability, affordability, and credit improvement rather than luxury features.
- Suggests a budget range of $10, 000 to $15, 000 for a first car, considering individual needs and financial circumstances.

4. Bringing a Qualified Co-Signer:
- Recommends bringing a co-signer with a credit score of 750 or higher and a strong credit history.
- Explains how having a co-signer can significantly reduce interest rates, potentially saving thousands of dollars on the loan.

5. Significant Down Payment:
- Emphasizes the importance of making a substantial down payment, considering it as an investment.
- Advises that a larger down payment increases the likelihood of loan approval with lower interest rates and payments.

6. Credit Building and Own Financing:
- Advocates for building a credit history from an early age by becoming a signee on credit cards.
- Recommends establishing a relationship with a local bank or credit union for favorable financing terms when ready to purchase a car.

[benveloz]

I’m 25, on my 4 vehicle and still much to learn appreciate the help

[gerardocham]

Thanks big Mike, this video made it more simpler and less exhausting, thanks for the tips, very helpful👍

[tlsygks]

Unfortunately, I couldnt get into the credit system until I became of 22yo, yet still, these are genuinely good advices. Thanks for a good vid

[finallythetruthisout]

I work for a power company. When the weather gets bad, that's when we get busy. I have and need 4wd

[richardburnheimer]

Thank you for your videos I wish these videos were available 20 years ago.

[angelinareid]

This video had a lot of great information that I definitely feel I could use. Only thing is, my family doesn't have a good credit history. So what would you suggest for saaaayy a 23 year old who actually just got approved her first credit card after trying since 19y.o., with no cosigner and a fair credit score? 😅

[mattchewynichols]

I'm 42, on disability, I financed my first car 3 weeks ago put $4k down on a 2020 chevy trax $19, 700 no co-signer needed cuz I work with my bank and built a 650 credit score payment $384 a month

[GeekCulture]

Could you break down how payments and interest rates are calculated? Every online payment calculator gives different numbers on all aspects. Buying a new used car soon and this has always been one area dealership try to slip things past me so i wanna be ahead of the game.

[superlevgameing]

I’m planning on getting a ford mustang 2024 as a first car it’s fun it’s fast the most important things.

[_stealth_]

I’m 18 and about to move to college and unfortunately I have the feeing my 20 year old car with 230, 000 miles on it won’t be reliable enough for me to make the long trips that will come with me moving away. About to buy my first car in a few weeks, just something reliable and fuel efficient (already know exactly what I’m going for) and aiming for 14-15k max. I have my own credit card and have over a 740 score. Going to be putting at least a 20% down payment. Only have had one job and going on my third year of working with them. Bringing my dad to cosign with me as he’s got a way better score than mine. Hoping to get a low interest rate

[glenshepard]

Pay a fair price for the vehicle. Market adjustment fee is just another way for a dealership to make money. Tax title and license. No add-on money makers for the dealerships. They will try. Fund set aside for upkeep. Insurance with mom and dad. Cosigner could end up paying for the vehicle in the end. Take care of the vehicle and drive safely.

[CasinoKing]

My life is already messing up right now. Can't use either emails to get into any credit app, can't find a car or save up money quickly, but I'm watching this for when I do get my life together

[wyattb]

I’m in my early 20s and got my first professional job. I’m planning on getting a small hatchback car to start with low insurance. Then I’m probably going to save up for a Tesla and buy in full one day after I get a small house started.

[Fred-]

On #4 "Bring a co-signer". You forgot rule #1 of credit: "Never ever ever never co-sign a car loan for anyone. Not son, not daughter, not grandchild, not friend, not child of friend. NOBODY."