Whether you commute to school or live on campus, having a reliable car is extremely useful in college. Plus, buying a car as a college student is a good way to establish credit and learn about managing your finances responsibly.
If you’re thinking of buying your first car during your college years at Texas Tech or another nearby university, be sure to put a lot of forethought into your needs. Use your research skills to think about the tech tools you want, your vehicle’s fuel efficiency, and the price of auto insurance, and compare your checklist to your budget.
Some resources recommend sticking within a $10,000-$15,000 budget if you’re buying a car as a college student, since this will allow for cheaper car insurance premiums, plus smaller monthly payments. There are many excellent used cars that are within this price range, at Pollard Used Cars, we can help your find a vehicle that fits your budget.
Once you know your budget and are ready to shop for an auto loan with a good loan agreement. Many institutions will offer auto loans to college students, knowing that it’s a prime time to begin building a credit score. Just be sure to shop around, and save up as much as you can so you can afford a decent down payment on your new car.
Looking to get behind the wheel of a reliable used car? Our team at Pollard Used Cars will be happy to help.