You have just gotten married and started a new phase of your life. Now is the time to buy a car, like a new Honda or another make and model of vehicle that you prefer. Here are reasons to buy a new car as a newlywed.
You have a cosigner you can trust
If you are a young couple just starting out with credit, buying a car together is a great way to build credit for both of you. To do this, you can both sign on for the car loan at your auto dealership, which creates a financial bond between the two of you while helping create a credit history at the same time.
You are both responsible for the car loan, which is great because the two of you have a vested interest in keeping the loan paid on time. This creates a trust between you and your new spouse while allowing both of you access to a great new car you can have for years.
You have the money now
As a newlywed couple, now is the time to buy a new car if you are wanting to put your finances towards something. As your marriage continues, you'll be purchasing a house, having children, and encountering other normal transitions that cost money. If you start your financial future off with a car purchase, you put yourself in a safe financial spot where you can make monthly payments towards an investment that you'll be able to pay off within a few years, which will free up funds for you to make more expensive purchases, like a house, in the future.
You have an investment that will last
If you buy a new car at the beginning of your marriage, you'll have the vehicle paid off or close to paid off by the time you are ready to expand your family or get a new vehicle to meet your needs. Your investment in a newer vehicle will allow you to have greater trade-in value when the time comes to get a new car or will allow you to be able to pay off your current vehicle so you can buy another one so both you and your spouse have a car to drive.
Your auto dealership will assign you a representative to help you in your car buying experience. Whether you have no credit as a couple or you aren't sure where you stand financially, your auto dealer will be able to help you find a car both you and your spouse will enjoy.