Bayside Auto Sales Blog

Everett, WA Used Car Dealer Blog

Car Financing Options for First Time Buyers Available in Everett

Car Financing Options for First Time Buyers Available in EverettBeing a first-time buyer can be rough. Bayside Auto Sales offers Car Financing Options for First Time Buyers Available in Everett to help in these kinds of situations. If you’ve been having trouble financing your first car, or otherwise need help with the process, get in touch with us to hammer it out.

Car Financing Options for First Time Buyers

The first step you’ll want to take, whether you’re a first-time buyer or a seasoned one, is establishing a budget and understanding what kind of car you need. This is the research portion of the selling process. How much can you afford to pay and, also importantly, how much of a down payment are you planning to put down?

If you’re looking for Car Financing Options for First Time Buyers Available in Everett, putting down a larger down payment can be better, but anything helps. Remember: the more you put on a down payment, the less you will need to pay in the form of a loan later on. Then, of course, you’ll want to research cars that meet your wants and needs; use sites like Kelley Blue Book or Edmunds, and also take advantage of Bayside Auto Sales’ easy-to-browse online inventory.

Building Credit with First Time Car Financing Options in Everett

Why can Car Financing Options for First Time Buyers Available in Everett be so limited? It’s partially because of the lack of built-up credit most first-time buyers have. Most first-time buyers are just coming out of college, and therefore haven’t had the chance to really establish their credit…which is exactly what lenders consider before approving someone for a loan. Thankfully, dealers such as Bayside offer special loans that people with any type of credit score—whether it’s a poor one or none at all—can take advantage of.

Once you get your car with your no-credit loan, the first thing you need to do is make a calendar for when your payments are due. Punctual payments are the biggest ingredient in making sure that your credit score grows and stays strong. You may want to take out some secured credit cards in addition, which can also help build up your credit score.

Once your credit score has grown, within a few years, consider refinancing your new car; this can lower your interest rate, and end up with you paying less in the long run. For more deals and more personalized advice, apply for financing at Bayside Auto Sales, either by using our online form or by contacting one of our live representatives!

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