On My Own
Heading out into the real world is exciting, but it comes with a lot of responsibility. Here are a few things to prepare for.
Financing Your First Car
Whether you’re in college or new to the workforce, you’re really going somewhere. But to get there, you might need a car. Financing your first car can be a challenge, but with the right help, it is entirely possible.
When considering what car to purchase, there are many factors to take into consideration in order to determine what you can afford:
- How much will insurance cost?
- How much money are you willing to spend on gasoline each month?
- Is the car dependable?
- Will repairs be affordable?
- Are you willing to buy a used car?
- What features do you “have to have” and which ones can you do without?
- Have you shopped around to make sure you are getting the best deal?
- Do you want to buy or lease?
Buying a first car is an exciting experience that brings new personal freedom. Such a big purchase can be intimidating, but buying a car doesn’t have to be a financial burden. With the proper financial planning, a first car can bring you the independence you’ve been craving.
When deciding to apply for an auto loan, Univest can help. Univest offers new and used financing options with competitive rates, flexible terms and fast approvals.