Are You a First-Time Car Buyer in Calgary? Country Hills Toyota Can Help!
You’ve decided to buy a car. The only thing is you’ve never owned a vehicle before. You’re a first-time buyer. Maybe your family is growing. Or, you landed a new job. Maybe you graduated school and you can finally afford to make payments on a vehicle. Whatever the reason, you need to get some wheels of your own.
Naturally, you have some questions.
- What am I looking for?
- What can I afford?
- What matters most in a new vehicle?
These are all perfectly normal questions. Luckily, we have the answers!
I’m a First-Time Buyer… What Can I Afford?
There is no secret formula when it comes to determining what you should spend on a new vehicle. It involves a few calculations and a gut decision about what makes the most sense for your financial situation.
As a first-time buyer, your budget might be less than someone who has owned a vehicle before. That’s perfectly alright. It doesn’t mean you won’t get approved for a loan. It doesn’t mean you can only afford a used vehicle, either.
In fact, as a first-time buyer, you might be eligible for certain programs and benefits other buyers are not. At Country Hills Toyota, we have dozens of programs, sales and events throughout the year that offer 0% financing! Plus, we always work with our customers – first-time or otherwise – to find options that best fit their specific budget and needs.
Here are a few important things to remember when it comes to budgeting for a new vehicle:
The cost of owning a vehicle goes beyond the sticker price. Remember to include things like insurance, registration, and regular maintenance costs into the final price of the vehicle.
The bigger the down payment, the less money you need to borrow. That means you pay less interest over the course of your term and your payments are smaller.
You might be paying student loans off. Or, maybe you’re making regular credit card payments. Whatever the case, make sure your new vehicle won’t increase your total monthly payments to an unmanageable amount.
What Matters Most in a New Vehicle?
Most first-time buyers struggle with determining what is the most important thing to have in a new vehicle. Are the latest features necessary? Is size more important than style? Can I have it all?
These questions are for you to answer. But, there are a couple of features that are standard for most people, especially first-time buyers, and those are affordability and fuel economy. The less money you spend at the pumps, the more you can allocate for other expenses, or a nicer vehicle.
Toyota also firmly believes in the importance of safety. That’s why every new Toyota vehicle comes with Toyota Safety Sense, a bundle of active safety features that are designed to keep you and your passengers safe from harm.
Toyota Safety Sense features include Pre-Collision System, Lane Departure Alert, Automatic High Beams, Dynamic Radar Cruise Control and Pre-Collision System with Pedestrian Detection. To learn more about what these technologies do, click here
Contact Country Hills Toyota Today
If you are new to Canada, a recent graduate or a first-time buyer looking, we can help. Our team has years of experience dealing with all types of credit situations and can help you navigate the (sometimes confusing) car buying process.
If you have questions or need help choosing a vehicle, just give us a call at (403) 290-1111!