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510 Fort Crook Road N Bellevue, NE 68005

Preparing to Finance Your First Car


Starting the process of buying a new vehicle can be an exciting time! On the downside, you may have a dream car in mind, but have no idea how you can afford it. However, it’s easier than you think! Read up on how to prepare to finance your first car, and see how Honda Cars of Bellevue can help:

Financing Your First Car
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Understand your credit score

The first step is to know and understand your credit score. This determines the loan and interest rates you will receive. If you’re still a little ways away from starting the purchasing process and you have a low credit score, it might be a good idea to take some steps towards improving it. However, at Honda Cars of Bellevue, we work with individuals who have all kinds of credit histories, and can help you find a plan that works best for you.

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Figure out the finances

When you get an auto loan, you’ll take out a certain amount of money and pay it back in monthly installments over the course of the loan. Based on your budgeting, income, and other factors, we’ll help you figure out:

  • How much you can pay upfront
  • How much money to take out for your loan
  • What you can afford to pay back monthly
  • How long you need to pay back your auto loan

When thinking about these elements, it’s important to remember some extra details. Other than paying back your car loan, you’ll also need to think about what other expenses you’ll have with your vehicle. Things like insurance, gas, and vehicle maintenance shouldn’t be forgotten when determining your budget.

One of our highly-certified financial specialists at Honda Cars of Bellevue will work through all these details with you, so don’t stress about getting all of this determined! Plus, we have some great finance specials to help you out even more.

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Identify your wants versus needs

Once you’ve established all of the financial details, it’s time to think about the vehicle you need. A good tip is to make a “wants” and “needs” list to help you get started. If you’re going to go through the process of financing a vehicle, you want to make sure that the car you purchase is going to make things more convenient for you. Something like enough space for children’s seats and extra gear might be more of a “need” than a vehicle with wireless charging.

When you’re ready to take the first steps towards securing your auto loan, Honda Cars of Bellevue makes it easy to get started! Just fill out our online finance application and a member of our team will be in touch with you to further discuss your needs and to set up an appointment.