: Compare rates from outside sources like Scott Credit Union or other local banks and credit unions before visiting the dealer.
Getting pre-approved for a loan is a "power move" that puts you in control. things to know when buying a new car
Buying a new car is a major financial commitment, especially in the 2026 market where average new car prices have exceeded $50,000. To ensure you make a smart investment, follow this chronological guide to the buying process. 1. Establish Your Real Budget : Compare rates from outside sources like Scott
: Aim to put 20% down , finance for no more than 4 years , and keep total monthly vehicle costs (payment plus insurance) under 10% of your gross monthly income. To ensure you make a smart investment, follow
: Steer clear of 84-month (7-year) loans; aim for 60 months (5 years) or less to ensure you don't outlive your warranty while still paying. 3. Research Models and Market Value Don't rely on the window sticker (MSRP) alone.