Is It Your 1st Car? Then You Must Know These

Cy M. – Mar 26, 2023

Getting a car is a major purchase decision, and if it's your first-time, here are some helpful things to know before heading to the dealership. Luckily, buying your first car is way easier nowadays, big shout to online channel and resources, like Nook, that you can rely on to calculate for your monthly dues.

Knowing the details of buying your first car can help you secure a good deal that you won't regret having in the future. We've listed some down below to first check if you are ready to get your new car.

4. Do you prefer to buy through financing or cash payment?

Getting a car through bank financing is something that people sometimes feel unsure about because they hope to get a good deal on interest rates from the car dealership. One way to come out ahead is to have your financing in place before you start shopping. This helps ensure that you are comfortable with your loan’s interest rate.

Unless you have excellent credit and are buying a new car with special interest offers, you likely won’t get a better financing deal from the car dealership than you can from your bank. Having your financing in hand helps you avoid being sold extra services and “add-ons” that you don’t need.

Shopping for a car can be a lot of fun. You get to pick the color and think about what features you want. Do some extensive research online to find cars that you’re interested in. You can also read reviews about them and learn more about what to expect before you do a test drive. Plus getting yourself lots of car dealerships options will give you more flexibility and save you more money.

Now if you have decided which car and from whom to get it from, contact us today so we can start your auto loan application. If you want to know more about Nook auto loans, visit our website at www.nook.com.ph or check out our social channels on the links in the footer.