Buy with confidence: Tips on how to prepare for your next vehicle purchase

Gearing up to purchase a new vehicle? Whether you're upgrading or buying for a new driver in the family, we've put together a few tips to help make your journey a smoother ride:

1. Do your research - Before you begin shopping, it is important to research your car values and safety ratings. This will help you avoid overpaying for a vehicle and ensure your choices align with your budget and lifestyle needs. Kelley Blue Book is a great resource for gauging the fair market value of the car you're interested in.
2. Get pre-qualified - Getting prequalified for an Auto Loan gives you a clear idea of how much you can borrow, so you save time shopping and focus on vehicles within your price range. At Abound, we offer quick approvals and flexible financing options so you can get behind the wheel of your dream ride faster. Our online application process is easy, you can apply here, and our team will help you take the next steps towards purchasing your new car. 
3. Set a realistic budget - Car shopping without a set budget often results in overspending, which can negatively impact your ability to manage your other monthly expenses over time. Before visiting a dealership, take the time to calculate what you can afford in monthly payments. If you have an idea of the vehicle you want to get, our Auto Loan payment calculator can help you figure out the monthly payment. If you're stuck between a few options, try our Compare Two Auto Loans calculator to determine the best fit for your spending plan. 
4. Account for ongoing expenses - Buying a car entails more expenses than the monthly payment alone. Factor ongoing costs into your budget such as gas, repairs and car insurance so you aren't surprised by them in the future. It is smart practice to set up automatic transfers to your Savings Account to help cover these costs, so you can avoid high-interest credit card debt and remain financially secure. 

Purchasing a new vehicle is a long-term commitment, but we're here to guide you every step of the way. 

Ready to take the wheel? Apply online or visit your local branch today!