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It’s officially the new year, and you know what that means: all the 2018 car models are starting to appear. If you’re in the market for a new car, or simply just window-shopping for the future, here are some steps you should take before buying.

Make Sure You Aren’t Impulse Buying

Impulse shopping might be acceptable for a coffee or a some clothes, but it’s probably not the best when buying a new car. A vehicle is an investment, so make sure you do your research when purchasing. Check out the car’s details, such as gas mileage, customer reviews or extra amenities, and determine whether or not the car is right for you.

Find a Car that Fits Your Lifestyle

Cars are a lot like houses. They come in a variety of sizes and styles, and not all work for everyone. Here are some things to consider before buying:

  • Income – does the payment fit into your budget?
  • Current and Future Living Situation – are the vehicle’s features fit for your current work commute?
  • Lifestyle – do you plan on traveling often?
  • Family Size – does the vehicle fit with your current or future family size?

Decide on Your Car

Test drive your car before you buy it. Although dealers will let you drive it around the block, consider renting it for a few days. This will allow you to get a better feel of the car and all of its quirks, both good and bad. Once you have decided, it’s time to figure out how you are going to pay for your new vehicle.

Determine What Way You’re Going to Pay

Dealerships generally present their own financing methods but, as great as their interest rates sound, they can usually be beaten elsewhere. If you’re part of a credit union or bank, visit them and see what rates they offer. Credit unions often offer better rates when your credit isn’t the most spectacular.

Use MNFCU’s Auto Loan Calculator


MNFCU is here to help, offering car loans as low as 1.99% APR. Our convenient vehicle loan calculator is available to help you determine the monthly costs of your new car. Click here to head over to our loans page and check it out for yourself.