Things To Know When Buying A New Car (Validated | 2026)

: Use resources like Kelly Blue Book (KBB) or Edmunds to find the actual market value of the car.

Buying a new car is a major financial commitment, especially in the 2026 market where average new car prices have exceeded $50,000. To ensure you make a smart investment, follow this chronological guide to the buying process. 1. Establish Your Real Budget

: A new vehicle typically costs about $1,000 per month to own and operate when accounting for fuel, insurance, and maintenance. 2. Secure Financing First things to know when buying a new car

: Compare rates from outside sources like Scott Credit Union or other local banks and credit unions before visiting the dealer.

: Review your credit score and report before applying anywhere. : Use resources like Kelly Blue Book (KBB)

: Aim to put 20% down , finance for no more than 4 years , and keep total monthly vehicle costs (payment plus insurance) under 10% of your gross monthly income.

: Steer clear of 84-month (7-year) loans; aim for 60 months (5 years) or less to ensure you don't outlive your warranty while still paying. 3. Research Models and Market Value Don't rely on the window sticker (MSRP) alone. Secure Financing First : Compare rates from outside

: In 2026, many buyers are seeing a return to physical buttons over all-touchscreen interfaces.