Buying your first car can be both a memorable and exciting experience. However, it can be overwhelming as well. What type of car do you want: an SUV or a sedan? What should your budget be? If you’re buying a car for yourself or your family, here are a few things you should consider:

Set a Budget Before You Begin Shopping

How much you can spend on a car depends on a few factors. For example, is the car for you or your child? Pick a budget you can afford and stick to it. This is especially important if your credit score is less than stellar, for a car purchase leads to other unavoidable expenses like fuel, insurance, etc. And if you’re a young, first-time driver, insurance could be very expensive.

Should You Choose a New or Used Car

The smell of a new car is indeed enticing, but you cannot ignore the practical and financial implications of owning one. New cars depreciate quickly, some as much as 20% in the first 12 months! If you choose a long-term payment plan, you will inadvertently pay more than what the car is worth!

Choose the Right Financing Option

You could either pay for the car all at once or look for a car loan in Halifax. If your credit situation isn’t anything to write home about, we offer good and bad credit car loans with low-interest rates. We also have great discounts and cash-back offers for qualified candidates.

Make Sure You’re Choosing the Right Car

As it was said earlier, buying a used car over a new car is a good move if your financial situation is less than impressive. Maritime Car Loan offers a wide selection of both used and new cars—pick one that’s right for you. Each car in our selection has undergone a thorough inspection. But you don’t have to take our word for it! Bring a car mechanic along while shopping and have them check for bumps, scratches, or other irregularities. You can also take a test drive to ensure the vehicle runs smoothly.

Are you looking for bad credit car loans in Halifax? We can help! Call 902-469-8122 for more information.