Your First Car
Congrats—you’re ready to purchase your first real car!
The process can be daunting but 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. Lots of college towns have a great bus system in place, which can save you loads on car costs. If you have a car-owning good friend you’ll be riding into town with each weekend, it may not pay for you to have your own set of wheels. Also, if your campus has everything you need within walking distance, it can be cheaper to rent a car when you need it instead of buying one now.
2. Know your budget
If you’ve determined that a car purchase is necessary at this point in your life, 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 for a new set of wheels. Don’t forget to include some cash for auto insurance, gas and maintenance.
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3. Create a tentative wish list
This is your first car, so it doesn’t need to have all the bells and whistles it does in your dreams. 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 are really important.
4. Obtain financing
If you’ve been saving up cash for your first car all through high school, you’re set! Otherwise, research to learn more about your auto loan options.
If you’re a first-time car buyer you can sign up through We Drive and get $1,000 towards the purchase of your first car with our First-Time Car Buyer program. In addition, We Drive members can get free credit education and counseling. You don’t have to do this all on your own!
5. Find the perfect listing
We Drive will help you find your car! No need to go through the hassle of scavenging sites to find the perfect one. They offer free first-class service that will protect you from being ripped off.
6. 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.
7. 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.
8. 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.
Enjoy your new set of wheels and drive safely!
