Congratulations! You did it! You finished your last paper, aced your final exam, and walked across that stage to receive your diploma. Now that you’ve graduated from college, it’s time to enter the real adult world—we know it’s scary and daunting. Here are a few tips on how to buy your first car after graduation.
- Take some time to lay out a budget before you do anything else. Hopefully, you have a job lined up. If not, you might want to wait on that car purchase. Write down where all your money goes and figure out how much car you can afford. Don’t forget things like gas, insurance, maintenance, etc.
- New or used. Once you’ve figured how much you can afford to spend on a car, you need to decide if you want to buy something brand new or used. While new can be rather tempting, a used car is generally the smarter financial decision and you should be able to get a lot more bang for your buck.
- If you’re not really sure where you’ll be in a few years, leasing might actually be a good choice. This will give you the freedom to head to grad school, move to the big city where you don’t need a car, or take that backpacking adventure through Europe you’ve always dreamed of. Once your lease is up, just give the car back to the dealership and you can be on your way.
- Be realistic. Just because you’ve always wanted a Ford Mustang, that doesn’t mean now is the time to get one. Think about how you’ll be using your car and how it will work with your life. If you go on frequent outdoor adventures, a sports car might not be your best choice. Also, if you will be using your car for work, make sure it will be up for the job.
- Shop around. Make sure you test drive lots of cars before making your decision. And, shop a variety of makes and models to see what features you really like.
If you’re ready to start your car shopping experience, come visit us at Pfeiffer Used Cars. We have an ever-changing inventory and will be glad to help you find what will work for you.