How long does it take to buy a car?

Buying a car is an adventure – a little like a road trip, but with more paperwork and fewer snacks. If you’re wondering, "how long does it take to buy a car?", you're in the right place! The time it takes from your initial web search to having keys in hand can vary greatly, so we'll break down the car buying process and important variables to consider—helping you hit the road faster and smarter.

The car buying process

Buying a car can feel like a monumental task, but with the right steps, you can make it quick and easy. Here's a simple guide:

Research and choose your car: Start by finding the car that fits your needs. Consider size, fuel efficiency, safety and your budget. Check out our free car affordability calculator to help you make an informed decision.

Financing and loan options: Once you've selected your car, explore the financing options available to you. Solarity offers a variety of loan products and has a dedicated team ready to assist you in understanding terms, rates and repayment options.

Negotiate the price: Being aware of the fair market value of your chosen car is crucial. Be prepared to negotiate with the dealership.

Trade-in and financing considerations

When purchasing a car, it's important to think about trade-in value, financing options and interest rates.

The trade-in value of your current car can impact the cost of your new car. Factors such as age, condition and mileage play a significant role. Researching your car's market value will give you a realistic expectation.

Financing options are also crucial. Getting pre-approved for a loan before visiting the dealership can streamline the process. Solarity offers an online, three-step pre-approval application that can save you time and give you peace of mind about getting those new wheels.  

Interest rates have an impact on the total cost of your loan. Higher rates mean higher monthly payments. Solarity ensures transparent and competitive rates, helping you get the best value. You can find our current auto loan rates online to help you plan your purchase and set you up for success!     

Saving time and money

A smooth car-buying experience starts with good preparation. Here are some tips to help you move through the process quickly and confidently:

Smart car shopping: Conduct online research to compare prices and features. Pre-approved financing, like the one offered by Solarity Credit Union, enables you to know your budget and negotiate better deals.

Simplify the paperwork: Gather all necessary documents before you visit the dealership to help speed things up.

Make the most of your dealership visit: Be ready to negotiate and know your car’s market value. Solarity is here to help you navigate the process and make informed decisions.

New car vs. used car

Deciding between a new car and a used car? Let's weigh the pros and cons.

New car pros: No previous owners, latest tech and safety features. Cons? Higher cost and quicker depreciation.

Used car pros: Lower price, slower depreciation. Cons? Potential maintenance and repair costs. Also, buying a used car typically takes longer than shopping for a new one, since it can be harder to find the exact make and model you’re looking for.

Start by thinking about your budget and what you need in a vehicle. Whether you're shopping new or used, it's important to choose a car that fits comfortably within your financial means. At Solarity, we're here to help you find the financing option that works best for you.

Ensuring a satisfying car purchase

Tips to help you buy with confidence and peace of mind:

Check vehicle history and inspections: Look into the car's history and get it inspected. This helps uncover any hidden issues.

Understand warranty options: Familiarize yourself with the available warranty packages and what they cover.

Get the right insurance: Research and compare insurance options to protect your investment. For added confidence, Solarity offers GAP and MBP coverage designed to safeguard you from unexpected costs and keep you cruising worry-free.

So, how long does it really take to buy a car? Well, with the right prep, it doesn’t have to feel like a marathon. From research to financing, negotiation to paperwork, every step can be streamlined if you know what to expect. The goal is to drive off the lot feeling confident, not frazzled—and with a little help from Solarity, you’ll be cruising to your next destination in no time. Remember, buying a car is more than just a transaction; it’s an investment in your future road trips. Happy driving!