Buying a car is a significant decision that requires careful thought and consideration. Sometimes it can be hard to figure out where to start! That is why NCFCU is here to help you get your dream car you have been waiting for! There are some things when buying a car that need to be considered. Here are some ways to help! 

Budget and Financing: Determine your budget before you start looking for a car. Consider not only the upfront cost of the car but also ongoing expenses like insurance, fuel, maintenance, and potential loan payments. Don’t forget additional costs such as taxes and registration fees.  

Benefits of financing with NCFCU: Our Auto Loan’s Product include a fixed-rate financing for new vehicles up to 100% financing plus tax, tags, extended warranty, and gap protection. This also includes, loss of Life, Injury or Illness, and Unemployment Protection Available for your convenience! 

Needs and Lifestyle: Think about your daily needs and lifestyle. Are you commuting long distances? Do you need ample cargo space for family trips or hobbies? Consider whether you need a compact car, SUV, truck, or something else. Think about fuel efficiency, safety features, and technology options based on how you’ll be using the car. 

New vs. Used: Decide whether you want a brand-new car or a used one. New cars generally come with warranties and the latest features, but they also depreciate rapidly. Used cars are more affordable upfront, but you’ll need to research their history, condition, and potentially deal with maintenance issues sooner. Certified pre-owned (CPO) vehicles offer a compromise, as they are typically newer used cars with manufacturer-backed warranties. 

Research and Comparison: Do thorough research on the makes and models you’re interested in. Look into reliability, safety ratings, fuel economy, and resale value. Read reviews from both experts and other consumers. Use online tools to compare different cars’ specifications, features, and prices. This will help you make an informed decision. NCFCU offers a great shopping site that helps you find the car you are looking for!  

ncfcuonline.org/learn/helpful-resources/blog/find-your-spring-ride-with-ncfcu-and-groovecar 

Test Drive and Inspection: Always test drive a car before buying it. Pay attention to how it handles, the comfort of the seats, visibility, and how it feels on the road. During the test drive, test its features, including the air conditioning, infotainment system, etc. If you’re buying a used car, consider getting a professional mechanic to inspect it for any hidden issues.  

            Remember that buying a car is a significant investment, so take your time and don’t rush into a decision. It’s important to find a car that aligns with your needs, budget, and preferences while also ensuring its reliability and overall value. NCFCU is here to help, so come in and talk with our loan department today!