What Do I Need to Know for a First-Time Car Purchase?

May 9th, 2018 by

Have you always dreamed of owning your own car? Are you tired of signing leases or driving a 20-year-old hand-me-down? If you answered yes to any of these questions then now is the time to visit Toyota South to take one of our various Toyota sedans, SUVs, or trucks for a test drive in Richmond, KY.

When the time comes for you to make a first-time car purchase you need to know what to expect, especially if this is the first major purchase in your life. If you use the information presented here you shouldn’t encounter any surprises during the process.

Calculate monthly payments. The first thing you should do is calculate the monthly payments you can afford. You need to look at your income and current expenses. Do you have room to add another monthly payment to the mix while still saving money each month?

Make a budget. You now need to make a budget and stick to it. Do not start looking at vehicles that are above your budget. You will only be disappointed that you can’t purchase them as your first car.
List your wants. Put a list together of everything you want in a car. If you have specific items you absolutely need, include them on the list too. This will help our sales team find the trim level that best matches your specifications.

Test drive. Always go for at least one test drive before deciding on the vehicle you will purchase. A test drive helps you get a feel for the vehicle and whether or not it handles well.

Get financing. More than likely you will not be able to pay upfront for the car. This means you need to acquire financing. This can be done with our finance department or using our website for pre-approval.

If you are ready to get behind the wheel of a 2018 Toyota Corolla for a test drive be sure to visit Toyota South today. Call the sales team with all of your questions at (859) 623-1717.

Posted in Finances, Tips