Buying Your First Car

• Reliability is important for a first car, so low mileage cars should be on the top of your list if considering used cars. Keep in mind that people drive different distances in different areas, so shoot for something that has been driven reasonably, i.e. 10,000 miles per year.


• Smaller cars tend to be easier to maneuver and park while larger cars can be more difficult. Prospective buyers should make sure they are comfortable behind the wheel of any car under consideration.


• If looking at new cars, be sure to consider the high interest rates reserved for first time buyers. Try to have a co-signer with good credit (above 720) ready to sign the contract with you. Having another person on the loan with good credit can save a tremendous amount  of money in interest charges.


• By getting your name on the loan, you are building  your credit for future car purchases without the need for a co-signer.


• Most manufacturers make cars with low starting prices, economical engines, and excellent visibility that are ideal for first-time buyers. For example, Nissan makes the affordable Versa while Toyota makes a similar offering called the Yaris.

Most importantly, any first car should have the proper safety checks done as well as the necessary maintenance for it to be considered road-worthy. While purchasing a new car may guarantees these things, a new car isn't absolutely necessary for a first-time buyer. Instead, get the car that best fits your budget while still meeting the criteria you are looking for in a vehicle.