im a 19 year old girl and i’ve saved approximately $1,300 to put as a downpayment for my first car. i know i should probably save more .. but i have to start school soon. i dont really have any family members/friends who are educated on car buying and who are able to go with me to a dealership, the only person i can think of is my mom. i love her and everything but i don’t really trust her advice. i’ve been doing as much research as i can on my own but im hoping some financial/car experts here can offer me some sound advice. for reference im looking for a toyota camry/corolla or a honda accord/civic something reliable, below 130k miles, nothing older than 2009, preferably in the 7k-11k price range. my credit score is 696 i got my first credit card 4 months ago so my history is new.. im planning on calling my local credit union to get a quote i heard that 1-4% is a good interest rate butttt with all the factors against me like new credit history and me being a young new buyer i’m not sure what to expect. also, this is probably a stupid question but am i supposed to get car insurance after i buy the car or do i get it at the dealership? also… i know i might need gap insurance. i’ve been told to avoid dealer gap because it’s ridiculously pricey but ive also been told that other gap insurance will only pay the value of the car and not necessarily all of the debt that you owe🤦♀️so.. im unsure. lastly, how do i avoid getting multiple hard inquiries on my credit report while shopping around for a car?
Submitted October 15, 2022 at 10:12PM by SuperbSlice1795 https://ift.tt/QksBTbD
