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Buying Your First Car
Buying Your First Car5/3/2019

Young bi-racial couple shaking hands with salesman by car at dealershipIf you’re in the market for a new car, we’ve got the perfect car loan for you, plus we’ll give you $200 cash back when you finance it with us by 7/31/19!

1. Determine if you really need a car

Companies like Uber and Lyft are making it easier to get around town without owning your own car. But sometimes you need a car to get to school, work, or just out for the night. And if you’re in Los Angeles, public transportation is not like it is in other bustling cities. Do you have a long commute and prefer to have your own car, rather than ride-sharing or taking the bus? Do you actually like driving? If yes, then you may want to consider buying your own car.

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 car insurance, gas and maintenance.

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. Get financing

If you’ve been saving up cash for your first car, you’re set! Otherwise, visit us to learn about your car loan options and to get your pre-approval online.

5. Research your options

You’re ready to start looking for a vehicle that will satisfy your needs and wants. MCCU offers no-cost, hassle-free car buying services for members! They can help you research the car you want, or you can use easy, online tools to find your dream car.

6. Take it for a spin

You can visit your local Dealership to test drive cars. That way, you will know if you really like the car, and it has all the bells and whistles you want. Pay attention to details like legroom, acceleration, brake functionality and more while you drive. And remember, if you choose to use one of our car buying services, don’t feel pressured by a Dealer to buy the car right away. You may be able to save money and time using our services.

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. That way there aren’t any unwanted “surprises” after you buy the car. If you use our car buying service Autoland, they’ll take care of that for you!

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!

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