How to finance your first car?

You are looking for your first car. Of course, you thought about new cars, but the soaring prices and the scarcity of models do not make it easy for you. So you turn to a used car (and luckily, we have several models for you, but that's not the purpose of this blog).

Except that, since it's your first car, financing it seems complex. On the one hand, you're not familiar with the credit requirements, which makes you feel insecure. On the other hand, there are many financing proposals, and you don't know where to start.

So let's take a look at the steps to follow:

First, determine your budget. Determine how much you can afford to spend on your first car by calculating the initial cost plus the monthly expenses of owning a car.

Start shopping. Compare prices, take test drives and negotiate the price of your car.

Get financing. If you don't have money saved up, you'll probably need to get a car loan to buy your car.

Budget, yes, but how?

The monthly payment is the foundation of everything. But remember, there are other things that need to be factored into your budget. These include insurance, gasoline (or electricity costs depending on the model you choose), maintenance (CAA has a list of maintenance costs by model that is worth consulting), repairs and other operating costs, such as plates or parking.

Once you've done this calculation, you can store it with peace of mind. And this is where not only the choice of model comes into play but also the choice of dealer.

Because beyond the car itself, your dealer can be a great help in financing your vehicle. At Style Auto, for example, our advisors are on the lookout for all the financing solutions available to you.

On the one hand, they know their vehicle inventory well and can offer you, in collaboration with the sales team, a vehicle that will meet your needs and that will be in perfect condition to last for many years.

They can then offer you financing plans that will fit your budget and your ability to pay and will help you complete all the steps. Remember, a trusted dealer doesn't just sell you a car; they're there for you throughout the life of the car. And that includes financing.

At Style Auto, 99% of our customers find financing that they can afford and drive away in the car they've chosen. So why not you?