Before Buying and Financing Your First Vehicle
How hard do you work to take home three thousand dollars?
Get this: without even knowing it you can throw away three thousand dollars in a car transaction in one minute or less!
That's the bad news...
Now here's the good news:
With a little bit of knowledge and patience, you can save thousands, buy a vehicle that is dependable, and build your credit. Good credit will make everything else you finance cost less, too.
This page is the key to doing it right! All you have to do is work through a few (first-time) car buying articles and videos.
Every article and video was developed by The FoolProof Foundation and its auto experts, not by people trying to sell you anything.
1) Change Your Financial Life
Your first car-buying experience can change your financial life, if you do it right. Dig in, right now!
Start by watching this video.
Well, that was easy... I am sure you will agree that knowing some tips about the car buying process will help you make a better buying decision.
3) Alright, Credit Huh?!
Here are some additional tips to help you understand how credit works, and how to build or maintain it.
4) Everything Is Online These Days
Watch this video to learn some quick ins and outs about the online car-buying process.
FoolProof recommends taking some extra time to work through our car buying guide and gain knowledge on yoyo-selling, why you shouldn't shop on rainy days, loan values, available cash calculations and the like.
After You Drive Off in Your New Set of Wheels
The most important thing: Make sure you're never even a day late on a single payment. If you're even ten days late on a payment, that could have a negative impact on your credit.
So, follow these tips:
Since your payment is set up on auto-pay, make sure each month you have money in your account to make the payment. Check on your balance carefully right before the payment is due.
If something goes wrong, and you feel like you don't have the money to make your payment, call TCU ASAP and ask them what to do. Call the minute you realize you're going to have a problem. They're here to help.
Good luck! And please contact TCU if you have any questions.
Since your payment is set up on auto-pay, make sure each month you have money in your account to make the payment.