Best College Car Tips

If you’re a graduating senior or the parent of a graduating senior from one of the high schools in the Kitty Hawk area, then congratulations! Although the next few years will be filled with excitement and uncertainty, finding an affordable new to drive around campus shouldn’t be one of your concerns.

Kill Devil Hills undergraduates with little or no credit history should consider shopping at Boyd’s OBX Chevrolet, as we have some of the best used cars for a college student in our inventory! Take a look at the savvy college car tips from our finance team below to determine whether or not you need a car for college and how to boost your credit score if you do.

Common Financing Problems for College Students

We here at Boyd’s OBX Chevrolet understand that college tuition, housing, and textbooks are already major expenses for students and their families. If you need a car for college, it’s crucial to take into account the following common financing problems students may face when deciding to purchase a vehicle of their own:

• Maximum Loan Amounts
• High-Interest Rates
• Limited Income
• Limited Credit

How to Secure a Loan

Can you bring your car to your college campus and secure a parking space? If so, then your next best step is to follow these college car tips from Boyd’s OBX Chevrolet to put you in a stable position to finance or lease a new vehicle:

1. Consider Opening a Debit Card or a Student Credit Card Account: If you don’t have any established credit, a good starting point is signing up to get your own credit card account. Over time, this can show lenders that you’re responsible with your money and can make payments on time. 
2. Find a Co-signer: As you continue to establish your credit history, you can rely on the help of someone you know that has good credit of their own to cosign for an auto loan. This is essentially like someone vouching for you and your ability to make timely payments. However, while a cosigner increases your ability to get approved, you must live up to your responsibilities to the dealer and on behalf of your cosigner.
3. Save Up for a Down Payment: While this can make the wait for a new vehicle a little longer, saving up for a down payment allows you to not only continue building credit but also knock off a significant amount from your vehicle purchase. This will put you in a much better place when you do start making monthly payments, not to mention the fact that you’ll receive a smaller loan which is usually easier to approve.
4. ​Choose an Affordable Vehicle: As much as any new college grad would like to show up behind the wheel of a high-quality, luxury vehicle, it’s important to be honest about what you can truly afford. 

Browse Our Cars Priced Under 10K

Car loans for Duck-area college students are only the beginning of some new responsibilities, so saving for a reliable and affordable model like one of our pre-owned vehicles priced under $10,000 will only serve you better in the long term. While many used car dealerships sell pre-owned cars under 10K, their selection is often restricted to older models in questionable condition. However, at our dealership in Kitty Hawk, we offer a wide range of recent-year models with like-new features that are in good condition and modestly priced.

Get Your Next Vehicle at Boyd’s OBX Chevrolet Today!

When it comes to the best used cars for a college student, Boyd’s OBX Chevrolet simply offers the best value for your dollar. If you’re in need of any further college car tips, you can contact us online to find out more! Or, if you’re ready to begin the purchasing process on your preferred make and model, our team members are here to help you Understanding Car Insurance: A Beginner’s Guide apply for financing, trade in value your trade, and calculate your monthly loan payments today!

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