Financing Your First Car
At VerHage Mitsubishi, we work with many first time car buyers and love to see them drive away happy in their new vehicle. We understand that financing your first car can feel like entering into unknown territory. We are ready to work with you every step of the way. Here are some tips to consider when financing your first vehicle.
- Set a Reasonable Budget: Buying your first car is exciting, and it’s easy to get carried away. Consider all the costs of owning a car to ensure that the vehicle truly fits within your budget. Talk to our financial specialists about what sort of monthly payment you can afford and what vehicles fit into that price range.
- Know Your Credit Score: Know it before you visit the lot. You want to ensure that your credit report is accurate and know what kind of interest rate you may qualify for. If you know your credit score enough time in advance, you may be able to improve it for better financing when you buy your first car.
- Save for a Down Payment: Even if you aren’t required to make a down payment, making one can help lower your monthly payments and help you afford a car with more of the features that you desire.
- Plan for the Future: Don’t just buy a vehicle that works for you right now; buy one that will also work for you in the future. If you end up having to trade in your vehicle too soon, you might not be able to afford the next car that you want due to owing too much on your loan. It’s best to plan ahead.
Apply for credit with VerHage Mitsubishi today or stop by our dealership in Holland, MI. If you have any questions, don’t hesitate to call us during business hours at 616-396-3589. Our handy payment calculator can also help you find out what you can afford.
VerHage Mitsubishi is ready to help you find your first car. Browse our inventory today!