YOUR PREPARATION PROFILE
YOU’VE DETERMINED IT’S TIME TO BUY A CAR—BUT THE PROCESS IS MORE THAN HEADING TO THE DEALER AND DRIVING OFF THE LOT. BECU CAN HELP YOU GET PREPARED AND DRIVING SAFELY AND MORE QUICKLY BY MAKING SURE YOU HAVE WHAT YOU NEED.
PLEASE ROUND TO THE NEAREST DOLLAR.
What's your monthly income?
What are your combined monthly expenses?
Include everything you need to pay in 1 month: rent, loans, phone bills, food, etc.
DO YOU KNOW YOUR CREDIT SCORE AND WHAT’S ON YOUR CREDIT REPORT?
DO YOU PLAN TO:
WHAT DO YOU AGREE WITH MOST?
SELECT ONE.
AFTER PAYING ALL OF YOUR CURRENT BILLS, YOU HAVE
LEFT OVER TO DEVOTE TO PAYING FOR YOUR CAR, INSURANCE, GAS, AND OTHER NEEDS PER MONTH.
IS THAT GOING TO BE ENOUGH? THINK ABOUT ADJUSTING YOUR BUDGET IF YOU NEED MORE FOR YOUR MONTHLY EXPENSES.
MAKE SURE TO BUILD AN EMERGENCY FUND NOW SO THAT YOU’RE TAKEN CARE OF IF UNEXPECTED EVENTS OCCUR.
INSURANCE RATE CHANGES | CAR MAINTENANCE |
GAS OR ELECTRIC CHARGING | ANNUAL LICENSING FEES |
YOU KNOW YOUR CREDIT SCORE AND REVIEWED YOUR CREDIT REPORT!
IF YOU’RE LOOKING FOR A LOAN, LENDERS WILL USE YOUR CREDIT SCORE AND CREDIT REPORT DETAILS TO DETERMINE YOUR LOAN QUALIFICATIONS AND INTEREST RATES.
Knowing your credit and understanding your credit report is an important step in making financial decisions.
With your credit information at hand, you’ll be prepared to answer any questions a lender might ask, and you can ensure your record is accurate. The stronger your credit, the better your loan offers and interest rates will be.
You’re legally eligible to receive a free, annual copy of your credit report from each credit bureau. Check out
annualcreditreport.com
(you’ll have to pay a nominal fee to include your FICO score). Or, get a free score with BECU online banking—free for members.
Since you have the capital to pay in one go, you’re ready to search for your car. Knowing the car you want and comparing dealer pricing will always be in your best interest!
YOU’RE LOOKING FOR FINANCIAL SUPPORT IN AFFORDING A CAR—YOU HAVE OPTIONS!
BASED ON YOUR PREFERENCES, YOU MAY WANT TO CONSIDER A NEW CAR.