Buying a Car

As a UTEP student you have several options for transportation. You may use the public transportation system, share rides with friends, or drive your own vehicle. While you are in college, you may reach a time when you decide to purchase a vehicle. Buying a car can be exciting and overwhelming.

A word of advice – take it slow. Keep your financial plans and education goals in sharp focus and don’t let the shiny gleam and rumbling motor of a new car sidetrack you. Be wise about your purchase, plan ahead, do your homework, and be realistic about what you can afford. Remember that buying a car while you are in college is just a means of transportation. After you graduate from college, you will have many other opportunities to upgrade.

Work through the selection and financing process slowly. Use many resources to determine the best purchase opportunity considering the benefits of the vehicle and the financing options. Don’t fall victim to scams and pressure. Talk with your family and others and take time to review several resources. The following resources will get you started.

• Determine what you can afford
• Choosing a Car and Getting a Good Deal
• College Life: Buying or Leasing a Car
• Vehicle Financing
• Auto Loan Calculator
• Buy or Lease?
• Auto Loan Early Payoff
• Buying a Car
• How to Buy a Used Car for a College Student
• Top 10 Car Dealer Scams
• First Time Car Buying Tips for Teens and Safe Teen Driving
• Anytime Advisor – New Care Buying Coach