Wednesday, April 3, 2013

The 10 Most Affordable Car Deals For A First Time Buyer


As a first time buyer it’s a little more difficult but certainly obtainable to get approved for a loan when dealing with on the lot finance dealers. Most first time buyers have not had a chance to build enough credit to finance a vehicle with no credit history. All dealerships have different stipulations and may require that a first time buyer to have the backing of a co-signer before an auto loan would be approved.

The Right Vehicle For A First Time Budget

There is one small hurdle to get over when in the process of securing an auto loan. Especially as a first time car buyer you would want to find out which car dealers do easy financing. During an in house purchase process an approval for a certain amount would be granted from a dealer with on the lot finance. It’s smart to do some research prior to selecting a used make or model. The amount that you were approved for will ultimately dictate which vehicle that you choose to purchase. Here is a list of the 10 most affordable vehicles perfect for a first time buyer’s budget.

                                        1. Hyundai Elantra $14900
                                        2. KIA Forte Sedan $14400
                                        3. Suzuki Sx4 Sedan $14100
                                        4.  KIA Soul  $14000
                                        5. Toyota Yaris  $13400
                                        6. Smart For Two  $12600
                                        7. Chevrolet Aveo Sedan $12700
                                        8. KIA Rio Sedan  $12400
                                        9. Hyundai Accent  $10700
                                       10. Nissan Versa  $10700

It may be a wise decision to keep your in house financing auto loan payments as low as possible. Depending on what you have been approved for, you make the decision of your vehicle choice. A way to keep costs low if you are more interested in saving money is to reduce the options that came with the vehicle, if you intend to finance a new vehicle. Otherwise financing for a good reliable used vehicle could suit your needs just the same and reduce your auto loan payment quite possibly by more than half.

13 comments:

  1. Find your credit level and get connected to car dealers that can help with the right type of financing with the AutoTrader.com Car Credit Wizard. ... We respect your privacy and do not capture, store, or share the information you use in this ...Used Cars . New Cars , Buy New & Used Cars , Sell Car , Car Sales

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  2. Hyundai is one of the most beautiful car I've ever seen. My highest paying gold buyers wants to have this kind of car as well. In the near future I wish to have one as well. Thanks for sharing.

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  3. Nice article on First Time Buyer when you are looking for a new car from a Auto Dealers thanks for the information

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  4. You’ve spent hours negotiating a great price on your next car, and you’re finally ready to sign a couple papers and sit behind the wheel of your brand new vehicle. Japan Used Car Sale | Honda Used Cars Dealer

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  5. really good, i came through an site who also provides car financing , but the good thing about that was that he also gives luxurious on financing. thae name of the dealer is houston direct auto. and if you are looking for affordable used cars then i think that the best option

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  6. As a first time buyer, the initial step is to search for a car dealer available with easy finance options. I came across a Los Angeles car dealer which provide cheap and affordable deals on new and used cars.

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  7. Thank you so much. Really your post cleared lots of confusion regarding buy a car. Actually I was thinking which car would be good for my son because it's a first one for him.

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  8. Nice article on First Time Buyer Thanks for sharing.
    houston used cars

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  9. Nice post for first time car buyer. Sometimes people fail to decide which car they will purchase when they go to buy their car first time. Even they fail to select the car dealer who can provide them with best auto loan options. Your post will also help them to know about a few affordable vehicles which they can purchase at budget friendly rate.

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  10. The faces of this car are quite funny although solar power vehicle are very helpful in the environment. For sure I will not find any used cars like this in the market.

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  11. This is very good information a really nice blog. keep it up!!!
    used truck peabody

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  12. Don’t be apprehensive about getting your first car loan. 1st time car buyers don’t have credit history and so, lenders shy away from approving their auto loan application form. If you are buying a car for the first time, do not worry. Opt for a less expensive car as it will reduce the lender’s risk. This way the lender won’t have any trouble in offering you a car loan. Get a down payment of 10%-20% of the total car loan cost. Also, a co-signer with a good credit history can improve your chances of approval.

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