Description: A video as the Fort Belvoir Federal Credit Union brings you some essential tips when you buy a car for the first time. Start saving and budgeting for a car purchase. Start saving at least 10% of your income each pay period. Apply for a loan. Pre-qualifying will let you know how much a lender will let you borrow, so you can pick for a car which you can afford and the Union also offers first time car buyers loan. New vs. used car model. Most cars lose its value in about 22-25%. At the time you drive your new car it will automatically depreciates its value. So, you really think twice before buying a car. Pricing: The average price of a new car is 28,000 dollars which relatively a lot of money for your first car while the used car is just 15,000 dollars. Vehicle History. Check the history and specification of your desired vehicle. Safety Features, this is relatively important and must be consider on buying a car. Make sure that the car you like is loaded with safety features. Watch this video for more of its outcome... This website provides affordable yet ideal premium policy rates for new cars. Check out cheap and affordable auto insurance quotes... Get your quotes now!
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