College Graduation – Professional Career – New Car
It’s time to retire your bike.
As a college graduate, stepping into a “real” world job and purchasing a brand new car doesn’t have to be so scary.
The truth is that major vehicle manufacturers desire you to drive their brands and therefore are prepared to enable you to do so. There is no need to huff it by foot or bike any longer.
Special Graduate Financing
Most major auto dealers offer special college graduate financing programs that offer benefits. These benefits include no down payment, cash rebates, affordable interest rates, delayed payments and service support.
It would also be in your best interest to secure long-term protection by investing in an extended auto warranty. Surveys have revealed that about 60 percent of first-time buyers remain for life with the brand of the first new car they purchased – so yes, you are in demand! Don’t be intimidated, but be prepared to take advantage of the benefits thrown at you as a young consumer.
Good Credit is Essential
First, you must qualify for the numerous programs that will be available to you. It would be in your best interest to start the process of eligibility a few months prior to your college graduation. If you have already graduated, it is no big deal, but get started establishing credit as soon as possible.
Good credit is essential to qualifying; take care to avoid getting bad marks on your credit report, as this will hurt your chances at qualification. Your credit report can be bought easily online for a fee.
Do Your Research
Second or simultaneously, do your research. Before you visit the dealership it always helps to collect advanced information. Visit the automakers web site directly, as well as the dealerships web sites.
Supplemental research is also vital to this process and can be collected at independent car-buying sites such as CarsDirect.com and Autobytel.com. These sites are useful to collecting information about cost of vehicles, available options, financing terms and payment plans. These sites also will provide articles, reviews and tips.
Sufficient research will give you confidence in your final purchase and help you to avoid being “sold to” – instead you will have control of the process.
Automaker Financing Programs
Get started. Here is list of major automakers that offer financing programs targeted at college graduates:
- General Motors
- Ford
- Honda/Acura
- Hyundai
- Mazda
- Toyota
- Mitsubishi
Enjoy the process and start your professional career off with brand new spankin’ wheels, and I am not talking about for your bike!
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Filed under: Buying a Car
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