There’s a lot of life skills that are not taught to people. It tends to involve first time buyers of any major investment. There’s no high school class to understand what to look for in buying a new TV, in apartment hunting, and there’s not really much out there to help a first time car buyer outside of a family member who went through the same thing. It certainly doesn’t help when SB Wire puts out an article aimed to help those same individuals that commits an ungodly amount of grammar errors. Yet, beneath the atrocious way it’s written, there are good take aways from the article.

A typical scenario for a new car buyer would be a student who needs a set of wheels to transport him to college. It can be difficult for this person to get a loan, but they need to bear in mind that they are better off at the moment than someone who has poor credit.

There are steps to take to make sure you have the best chance at the dealership. One is preparation. Take the time to access your finances and see what your limit is on being able to spend monthly on a loan. Make sure to take into account other monetary factors involving the vehicle. You’ll have to pay for gas, any maintenance, the insurance, etc. Don’t put yourself into a situation where the car you bought is making it so you fall behind in other bills.

Next, think about putting a larger sum of money down. This will help you get the auto loan and also get a lower APR rate on the loan. Dealerships like to see this because it’s a form of reassurance that the y are good for the loan.

It’s never fun being new to something that requires this much homework and consideration. That doesn’t mean there aren’t options available to help or information to help deal with the frustration.