From Buying To Financing – Understand How to Own A Car in North Carolina (NC)

North Carolina is a great place to live. Thriving economy, major agricultural-industrial hub and scenic places make NC attractive. When you live here, you can go year-round golfing, skiing, fishing, and hunting. The Smoky Mountains is another attraction. You can also visit the Blue Ridge or the Moores Creek National Military Parks.

NC’s warm temperate climate with beaches and mountains make it even more alluring. To explore this beautiful State, you obviously need a car. A car can take you whenever and wherever you want. You can experience complete freedom.

A car is even more indispensable if you are student. It provides the much-needed comfort in a student’s life. Submissions, projects, reports, etc. take much time of a student. He definitely needs some ease while going to college.

NC has a large student population. Every year, several students enroll themselves in the world- reputed universities and colleges. A car on campus ensures quick and tireless commute. So, no matter you study at University of North Carolina at Chapel Hill or the NC State University or the North Carolina Agricultural and Technical University, a car will ensure that you reach your classes on time.

But, buying a car isn’t easy. You need to search for that perfect car. After that, it is also important that you get the right finance.

Car buying can be a hassle for college students. Several options and choices often confuse. To remove doubts and confusion, you need to know the entire process of buying a car.

Your Driving License

An applicant with 18 years of age is given a license for a period of 8 years. But to avail the license, you will need to submit your identity/age proof. You will also need to give a proof of social security and also submit your resident proof. When you apply for a driving license, you will be also asked about organ donation, voter registration, and selective service registration.

If you are applying for the first time, then you will get a learner’s permit. After holding the learner’s permit for a year, you can avail your driver’s license.

Choose What Suits You

Now, everything you buy depends on your needs. The same applies for your car. If you need it to commute to college, then any car would do. If your college is at a farther distance, then a car with high mileage is necessary. A mountain terrain like the Smoky Mountains would require SUV. East Carolina University is very near to the beach. A convertible would really suit the climate of that region.

How Much You Can Spend?

Everyone avails an auto loan for buying a car. But, you still need some amount of money with you. There are several expenses that you will have to incur. Registration fees, taxes, insurance, maintenance, fuel, etc. will mostly come out of your pocket.

The Dilemma Of New And Old

Your budget will also decide on the old/new car confusion. Generally, students go for a used car. Low cost is obviously the reason. But, if you can afford a new car, there is no harm in buying it. A new car means a high investment in the beginning. It will have lesser maintenance costs later. Your decision depends on your financial situation.

Your Future Plans

If you have decided to go for further studies, then you need to save for that. If you are not going to buy anything expensive in the near future, then you can go for a long term loan. You will also need to consider your education loans.

What Care Should Be Taken While Buying A Car?

The State of NC believes in safety for one and all. It is for this reason that your car needs to pass certain tests. The State needs you to pass the inspection tests every time you renew your car registration.

Every car in the Tar Heel State is required to pass the safety test. You will be exempted if your car is 35 years old. If you live in specific emissions county, your car also needs to pass the Emission Test. If the car model is previous to 1996, it is exempted from the test.

There is also the Window Tinting Inspection. It is required only when your vehicle has after-factory window tinting. This will be done for an additional $10 fee. To pass the test, ensure that your windows are not darker than 35% visible light transmission.

When you buy a car, make sure it doesn’t spew dark exhaust smoke for 5 or more consecutive seconds. This is very important as other drivers can complain about it.

If you check your car well-in advance, then you won’t regret your purchase.

What Are Your Loans Options?

There are several options to avail auto loans. You can get auto loans from the local lenders. Dealers also offer competitive auto finance. This means you have one more option to choose from.

You can also avail online auto loans. There are several lenders in and around NC who will offer you affordable online car loans. You may also get heavy discounts with the help of student auto loans. Generally, lenders consider the student segment very important and that is why they provide substantial offers. All you need to do is fill a simple application form. When you fill the form, it is sent to the network of lenders. These lenders bid for your application and thus you get the lowest possible bid.

As soon as you finalize your loans details, you can drive your car. During this entire process, you must be alert. Don’t lose any chance of saving money.

Hope you get to drive your dream car.

All the best!

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