What to Consider When Planning to Purchase a Car
Our weekly #CreditChat started in 2012 to help our community learn about credit and important personal finance topics (e.g. saving money, paying down debt, improving credit scores). Each chat is hosted by @Experian on Twitter and all are welcome to participate. DM us any questions.
Planning to purchase a car this summer? Don’t miss this week’s #CreditChat! We’ll share tips for planning for your car purchase including important questions to ask, how to create a budget for your purchase and how you can prepare your credit to potentially qualify for the best interest rates.
Topic: What to Consider When Planning to Purchase a Car
When: Wednesday, May 17, 2023 at 3 p.m. ET.
Where: Join the live hashtag discussion
The panel will include: Experian Automotive, Matt Jones: Director of Industry Relations and Education at True Car, John M. Vincent: Senior Automotive Correspondent at U.S. News & World Report; Beverly Harzog:Credit Card Expert and Consumer Finance Analyst for U.S. News and World Report; Rod Griffin: Senior Director, Consumer Education and Advocacy, Experian and Christina Roman: Consumer Education and Advocacy Manager at Experian.
Gift Card Giveaway
Enter here for a chance to win a $50 Amazon gift card! We will be announcing a winner at the end of the chat. Entry Period: Raffle open now and closes at the end of this chat at 4 p.m. ET. Complete rules here.
Questions we will discuss:
- What factors should you consider before deciding to buy a car?
- How can you determine how much of a car loan you can qualify for and how much of a loan you can reasonably afford?
- What are some costs associated with car ownership that you will need to consider in addition to the monthly payment amount?
- What are some important questions to ask when shopping for a car?
- How do you determine whether you should buy a new or used car?
- How do you effectively negotiate with a car dealership?
- What resources are available to help you determine if a used car is reliable?
- What should people know about the current interest rates when purchasing a car and how can they shop around?
- How can you manage your credit ahead of a car purchase to help you qualify for the best loans and interest rates?
- How can you determine whether you’ll need extras like gap insurance or an extended warranty?
Check out our complete list of upcoming personal finance Twitter chats here.