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Young Adults Use Digital Skills to Find Best Car Deals

Young Adults Use Digital Skills to Find Best Car Deals

It has become clear that more young adults are buying cars today than in the recent past. If you’re a young adult shopping for your first car, you have some advantages. Young adults spend twice as much time doing online research before buying a car than older generations. They will know how much a car is worth, what the ongoing maintenance cost is likely to be, and what features are available all from searching online. For instance, internet connectivity and modern technology in new cars drive sales among young adults. Here are three things to consider:

1.Know what you want--to a point.

Don’t do so much online research that you think you know what car you want without first going on a few test drives. You may not know what you truly like until you’ve driven a few different options, and a car isn’t a shirt you can easily return if you get it home and decide it’s not a good fit.

2. Use your tech-savvy to your advantage

With apps from EdmundsKelley Blue Book and Consumer Reports, you can continue your research live at the dealer with your smartphone, enabling you to quickly check to see if the offer the salesperson made you is a good one. Apps like TrueCar and the website MakeMyDeal also can help buyers firm up pricing before even stepping on the lot.

Need more?  Eagle Federal Credit Union has many additional tools to in aid in your shopping:

3. Get preapproved for a car loan

Get preapproved at Eagle by applying online. This lets you know exactly how much you can afford, your interest rate and what your monthly payment will be. Doing this also gives you more buying power when negotiating at the dealership. 

Visit our Vehicles & Motorcycles page to view our current vehicle rates or apply for your next vehicle loan.

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