Finding Best Car Deals for College Students
If just the chili dog you have for lunch in the college or even outside is any indicator of the sad financial state you are in as a student, perhaps thinking about getting a car while you graduate from college seems a far fetched dream, right? Thanks to the car dealers though, they are sometimes generous enough and take a pity towards such 'i am short of cash homo sapiens'. Thus, your student status can help you get anything at a discount, let alone a car. So were you just about to give up the thought of buying a car, in despair? Read the following paragraphs and rethink your decision!
Finding the Best Car Deals
Well, it is all about money, honey, isn't it? Before you zero in on a car, it is very very important to explore and research. It is after all your money at stake! Start off by listing your car preferences, within your budget. Then check out the website of the manufacturers of those cars to confirm if they have something in store for you at a discount. You can also check out your nearby dealers about student discounts and explore the loan possibilities. Another thing you can do is check out with your college or university resource center to find out if you are eligible for students discounts, and are there first of all such facilities available. Including these things, as a college student, check out a list of current incentives . This list will further help you in your pursuit of 'happiness' (read car!), as you will come to know about what all dealers or car companies are ready to negotiate. It will also keep you informed about ongoing special offers. You can even talk to your friends who have bought cars and ask them as to how did they go about it, which can also prove to be really helpful in getting best car deals for college students. Perhaps you can look up for best used cars under $5000.
Now you will find a car which is more or less in your budget and is one amongst your preferred list. But still you have to take an auto loan to close the deal, which is good enough. How do you deal with that and should you or should you not go for an auto loan? Let's find out...
Auto Loans - To Avail or Not to Avail?
If there is no option for you other than taking the car loan, then you might as well chuck this portion of the article! However, if you are going to give auto loan a thought and are not decided yet, then read on. The good part about being a college student is that you most probably will not have a negative credit score. This is what will attract loan providers to you like bees to honey. The documentation too is not too tedious and hassling. All you need is income, residence and college enrollment proof. Normally, car manufacturers also have a considerable number of discounts for college students. Hence, students can generally save money on the deal. Check out questions to ask a car dealer if you want to know more.
On the downside is the fact that you being an amateur in this car business, the sharks are on the lookout for exactly your breed. They can emotionally trap you into agreements and deals which you might not have completely digested and understood. They will try and convince you to the fullest, but do not fall into their bait. Think twice about signing any agreement when you are looking at best car deals for college graduates. Maybe, reading on best used cars to buy can help you more with this.
Finally, make sure you have everything required to qualify for the best new car deals or even otherwise. You will need to be recently graduated from college, that is within the past two years, primarily. These qualifications may differ from company to company. On the whole, though, most auto dealerships will give discounts to students who have graduated within two years. Many times, they also accept those who will graduate within a few months. Further, do not forget about the car insurance as well.
It will be difficult to mention which cars will fit the bill. All that can be said is give a thorough thought to the deal before taking a decision. Do not let the car dealer take you for a ride! All the best! I sign off here!
