HOW TO BUY A CAR: the process, getting a loan, choosing the right fit & more
ฝัง
- เผยแพร่เมื่อ 17 พ.ค. 2024
- I guess you could call it ~hannah's declassified car-buying survival guide~
don't forget to subscribe! / @hannahelise
⇩OPEN ME⇩
Hi everyone! In today’s video I wanted to give you guys a run-down of what the car-buying process is like (from my perspective) including my experience, doing research, the process itself, choosing a car, and paying for a car! This is sort of a 'part 2' to my last video which was my new car tour, so if you haven't seen that one, you might wanna check it out if you liked this one :)
Thank you so much for watching! xoxo, Han
~CHAPTERS~
00:00- intro/disclaimer (plz watch)
02:49- overview of my experience
05:36- research, saving up, browsing cars
11:05- the process at the dealership
13:06- financing part 1: credit
14:04- financing part 2: getting the loan
15:20- financing part 3: how to pay the loan
17:16- taking the car home (finally!!)
Help me to translate this video into your language! ➯ th-cam.com/users/timedtext_cs_p...
✰ MUSIC USED ✰
(in order of appearance)
Music by frumhere, kevatta - once upon a time - thmatc.co/?l=6421F8CE
Music by ninjoi. - Caffeine - thmatc.co/?l=FE8A92E2
Music by Mr. Chase - Wild Cherry - thmatc.co/?l=4AF031FE
⇩MORE OF ME⇩
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EMAIL:
For business inquiries only plz
hannahelise@select.co
FAQs:
What camera do you use? Canon EOS M50
How old are you? 21 (as of when this video was posted)
What do you use to edit your videos? Final Cut Pro X
How do you edit your videos? I made a video on it! • HOW I EDIT MY TH-cam ...
What apps do you use for thumbnails? Procreate, VSCO, PicsArt
When do you upload? Every Sunday at 3pm EST!
FTC: This video is not sponsored, all opinions are my own. Some links may be affiliate links, meaning I make a small commission off of purchases made through my link, but it does not cost you anything extra!
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Car buying tips: 1. Always get prequalified for a loan (if your financing) before you go to a dealership because most dealerships will try and beat your prequalified loan because they hate dealing with outside companies: 2. Best times to buy a car is the end of the month and towards the end of the year: 3. If your paying it off in cash never tell the dealership that until you make the final deal that you both can agree on: 4. NEVER pay MSRP: 5. Look over the contract completely especially all the dealer fee's, question things you don't know/understand what it is (some dealers will try and put in hidden fee's that you don't need to pay for): 6. If your leasing just remember your limited on miles per year and you are responsible for any damage done to it once lease is over: 7. Shop around, talk to internet sales managers from several dealerships in your area and let them know this, alot of dealers will match or beat other dealers just to make a sale: 8. If your buying a used car don't let the salesman try and distract you during the test drive, some will try and talk your ear off, play the music loud etc, you want your full attention on the car to see if you can hear/feel if anything may be wrong (if your unfamiliar with things you should look for bring someone with you like a mechanic/friend): 9. If your not putting down a significant down payment get GAP: 10. If you have bad credit try and get a cosigner if possible (this isn't a must but will help you get a better deal as far as required downpayment and lower monthly payments etc).......
Thanks Dad
What’s GAP?
@@rileyak4929gap insurance
nothing this guy said matters if you exercise your rights . Cestui Que Vie Act 1666 . Federal Reserve Act . Bill Of Exchange Act . Federal Credit Union Act . Federal Deposit Insurance Act . 15 U.S Code 1605 - Determination of finance charge . no cash is to be involved in a consumer credit transaction .
I love you.
Saying that the car would be sold in a couple of hours is just to put pressure on you to buy now and limit your chance to negotiate a better deal and talk to other dealerships. It’s a dealer tactic that you should never fall into, a trap that dealers always do so that you don’t find another dealer or go elsewhere. It is a better solution to continue shopping to different dealers to find the best deal. they can always find a car you want with the equipment you want and the color you want and get it delivered don’t fall into that trap, especially when it is a new car.
go check out my recent dorm haul :)) im a new upcoming youtuber. please support !
Lol for real. They make the 2020 look super nice but it’s builds up fast.
Why did I not get taught any of this in school?! Honestly I feel like i've learnt a whole new subject but at the same i'm still confused but then again I've never been very good with maths or money related things. Best older sister advice!
HAHA I didn’t learn this either until I got to college (bc I study business)! It’s very important tho
@@HannahElise You should 100000% go into teaching!
Do you realize that Hannah uses her channel to share more than a video?
Its content goes beyond entertaining...
She informs, shares knowledge, joins social causes, etc... And that is admirable.
I never imagined that watching a video of a student and her week at her university hooked me so much, seeing you today giving advice and informing your audience is impressive.
Thanks Hannah!
P.S. I'm a fan of your hairstyle, it makes you look very pretty. 🙈 haha
🥺🥺🥺🥺 thank you I really appreciate this
anyone else feel like hannah is their older sister always giving the best advice?
That’s what I’m here for 🥺
@@HannahElise u r the best💖💖
Yes yes yes 😭❤️
im a year older than her and I still feel like that 😂😂
Can you check out my new vlog ‘Istanbul’ part and support my channel guys 🎞 Love you all 🧡🧚🏼♀️
Me: not even at the age of driving and still watching this video
It’s never too early to prepare
ya it’s never too late lol i’m 14 and saving up money to get a better car or to help my parents if / when i do get one so i would recommend saving early!!
@@Amix23 You can get an actual paying job! Your hours will have to be lower though since you are only 14 but you can still get paid. People will also pay a lot for pet sitting.
I'm not looking into buying a car, I don't even live in the US, so there might be differences in the car-buying process, but you can't deny how calming it is to watch Hannah on a Sunday, no matter what the video is about 😌
Wow this comment made me smile thank u
Same here 🙋🏻♀️ But still found VERY helpful.. Hannah is amazing❣️
I love the way Hannah talks to us. It makes me feel like I’m best friends with her.
I’m glad 🥺❤️
Same feeling thank u Hannah 😍♥️
really out here teaching my 20 year old self things my financially unstable parents couldn't
Literally me to a T
this came at the perfect time bc I've been looking at cars recently and wanted to know the real process, this was so helpful and helped me plan out what I need to do before getting a car now!
I’m glad I could help 🥺
@@HannahElise Is your car stressful to maintain? Like monthly payments, gas etc
A little advice from someone going through the used car buying process with their parents who have purchased many cars in the past. Kelly Blue Book is a great resource for researching information, but they have many ties to car dealerships (which has been documented) and often make the price range for cars inflated. Make sure to look around and really research and go in with what you you can pay and believe the vehicle to be worth and don't sway from that! You can always walk out of a dealership (you're never stuck), there will ALWAYS be another car, and you can always cave and go back if you have looked around and maybe have been offering too low of a price for the car you're looking for. You are the buyer and you're in control! (also! car dealerships will always try to get you to "act fast" because their cars are selling "so quickly" this is another gimmick to try and get you to buy ASAP. Again, there will ALWAYS be another car (if you're looking for something common like a Honda Civic or CR-V. Don't fall into any dealership tricks).
I got my first car that wasn't my parents the beginning of march. Saved for probably a year and a half, my grandma helped me pay for about half of it and here I am with no payments and I am very grateful I was able to do that without taking out a loan:)
i will never understand why school doesn't teach this kind of stuff but thank god we have you :)
Be wise they don’t want you to succeed
My mom does financing for the local dealerships and she said to NOT tell the dealers you have a down payment until the financing process is almost done. Also, definitely research (if you can) how the dealerships treat those they use for financing loans because that will play a big part in how your loan is dealt with!
how would this affect the financing process?
@@chrissychanel5837 I do not agree with this because if you don’t have good credit you need to put more down so therefore you do have to tell the financing managers how much you have to put down on the car you want due to your credit so every person circumstance is different if you have good credit then you could probably get away with not telling them how much you wanna put down but if you really wanna car and don’t have good credit score but you have a down payment it’s best if you tell them how much you’re willing to put down
When you are not even near to buying a car but still are so excited for the video and are going to watch it till the last minute 😂
Thank u for this dedication
Another Tip: DONT LET THEM KNOW HOW MUCH DOWN PAYMENT YOU CAN PUT DOWN UNTIL THEY LOCK YOUR INTEREST RATE FIRST ‼️ because they will always try to give you the highest depending on your down payment. Once they lock the interest rate , that’s when you tell them how much you will be putting down. ( they can’t unlock the interest rate ) 😁
The interest rate depends, in part, on the amount financed. But I would not mention down payment until negotiating that big whopping price first.
Not everyone will put very low down because if you put a good chunk down you will get a better rate if they know
this was honestly.... so helpful!!! currently in the same situation of wanting to buy a car but not knowing how much to save up, whether to buy or lease, how financing works, etc., so this was very informative!!! i am a newbie to this channel but so glad i found you :'')
I already own my car so not on the market for one right now, however, I wanted to comment and compliment you on how nice your videos ALWAYS are. They're 100 hundred percent consistently interesting. Never boring. The fact that you insert little sound effects or text overlays always keeps me engaged. Even though I didn't necessarily or personally need this video, I still learned some cool things; like your budgeting tips. KEEP DOING THE TH-cam. You're awesome, girl!
omg I love your videos hannah! the editing and aesthetic of it is so much more fun to watch compared to others! I hope you’re doing well❤️
After re-watching part 3, I understood!!! I honestly felt really intimidated at first while watching because I'm constantly told I'm dependent and I'm not financially literate, but that's only because I've never been taught. This truly helps, thank you so much for existing.
I am currently almost done with my business finance degree to become a financial advisor and I can tell say that you provided some excellent information on the entire process. This video has lots of information that not everyone covers let alone explain in detail. Keep up the great work!
First-time car buyer here and my lord am I happy I found this video!! I've been so lost with loans and re-financing and insurance and the number of notes I took watching this could rival my school notes. Thank you!!
I love this!! Congrats on your new car 🥰 I think it's so cool how we've been a part of being able to see you work so hard to get it!!
Thank you 🥺 I wouldn’t have been able to do it without you so thank you so much
I really needed this. Whenever I need a distraction or someone to be like an older sibling Hannah is always there.
That’s why I make videos !!! 🥺❤️
Best thing about Sunday’s is knowing your favorite TH-camr is about to post “Hannah” . That was great advice for those buying a new car it can be a scary process but it should be taken with calm. We is a real one.
my mom is a financial advisor so I always just let her tell me what to do about my loans/credit lol but it's so important to understand what's going on even if you put your financial trust in someone else so thank you for explaining this!! now I'll know what she's talking about when I eventually get myself a car :)
I swear once I learned about finance and whatnot in school, I felt so much more in control of my life it was insane 😂
this video could not have come at a more perfect time, i'm right in the middle of looking for my first car to buy and this video helped SOO much. thank you and i loove your videos!❤️
I love how you explained the financial part of it! It’s was easy to understand as a person who doesn’t know much about that topic ❤️
Thank you! My 3 years of business school are being put to good use 😂
This video could not have come at a better time. I’m currently in the car buying process and it’s stressful as heck! Thanks Hannah!
Hannah, this is an awesome video and you’re very informative! I highly suggest refinancing that loan in 6 months if you can and get not only a lower interest rate, but also a shorter loan note! I’m so glad you touched on paying principal/ interest rate payments. You’re a badass.
Thank you for teaching me what no one else would, you really ARE the real one. We love a smart woman teaching other women.
YAYYY!!! I’ve been counting down the seconds until 3:00pm when you post 💕💕💕 ilysm!!! Also I rewatched ur makeup routine video and u said u were looking for concealer recommendations, so maybe try the ilia true skin concealer from Sephora?? u might like that one, plus it’s vegan and cruelty free!
I will have to check that one out!! Thank you ❤️
I’m a little older than you and buying my first car hopefully soon. It’s so hard to find out the process when you don’t have a “car person” in your life, so I appreciate this video so much! Thanks and I hope you’re doing well!
istg u are so underrated like girl I am so damn thankful for your videos because I learn so much shit that I never learn anywhere else. Please keep doing what you are doing because you're doing amazing
Wow thank you for the info about paying loans back. I needed this!! When you explained writing out a separate check for principal only, that whole idea blew my mind. Excellent video girl!! 👏🏾👏🏾
I graduated from driving school yesterday so your whole car advice and tour videos really help me so much now!
My car literally died today and I have to get a new one so this is PERFECT TIMING!!! Queen big sis Hannah always coming in clutch 😍💖✨💅🏼
So so happy and proud that YOU GOT YOUR NEW CAR. YOU DESERVE THE BEST!! 🤩
This helped me so much!! I'm 16 and looking to get my first car soon. Even though I have my parents there to help me during this, u rlly benefited my overall understanding on how this process works. So thank you!!! 💜
i’ve never seen this sectioned out feature, like there’s little marks and it says what the topic is about. idk why but it’s really satisfying to me and organized. thanks for the advice hannah
The drawing out of the loan analogy, with the interest and principle, was actually the most I’ve ever learned something. Such a great helpful tool thanks!!!
I just bought a 2020 Honda CR-V. I found you through you decorate your car video or something like that. Everything you said is 100 percent true. Especially the non negotiable items. For me it was 4 doors, back seat air vents for my daughter, and blue tooth, and Honda sensing (mainly modulation braking system) and a suv.
I went with the basemodel. It had everything I needed but I can live without the other bells and whistles. But I am so happy. This video is so accurate
I’ve legit been stressing out about how to buy a car, thanks big sis really needed this rn ❤️❤️❤️
go check out my recent dorm haul :)) im a new upcoming youtuber. please support !
I’ve binge watch all your Videos💕 you’re the be thing that ever happened Hannah! My motivator 😊
Thank you for this video, I’ve never bought a car and the process is scary to me. I’m definitely going to subscribe to your channel. Also, I appreciate that you spoke highly about the car you got instead of getting something flashy like any other TH-camr
Thank you Hannah, this really helped me get a better perspective of the process when I’m ready to buy my first car ! 🧡
Hannah talks to the camera just like she is talking to us so love u Hannah 💝 thanks for considering us this much that u shared so much
Such a great video! I just bought a used 2013 Honda Civic and I'm so happy with it!!
Hannah is always looking out for us guys. she is the real one
Thank you so much for this🙏🏼 I’ve been thinking about buying a new car next year and these tips were on point!!
I’m turning 18 soon and even though I am so not ready for a car, it helps SO MUCH knowing these things!!
new fan here! I’ve been binge watching your videos while painting my room and I’ve officially watched everything on your
channel!
Ahhh welcome to the fam :)
I love u sm Hannah! 🥺Your videos always makes me smile ❤️
I instantly became senti and emo when hannah said “big sister advice” huhuhu i love you
I’m going to use this when I turn 16! Thank you Hannah! Much love♥️
My queen. No one has ever explained this stuff to me so I appreciate this video a lot 🥺
No one explained it to me either so I got you!!
This is sooo helpful! I have my temps and working on the maneuverability but I've been looking at cars here and there, so this is VERY helpful ily hannah!!
Thank you so much for making this, I am looking into buying a car and I don't know what I'd do without your videos! 🥺
Everything she’s doing is amazing just adore her 💕
Wow thank u 🥺🥺💗💗
Literally looking to buy my first car, this video came in such a good timing, thank you hannah❤️❤️
You are more than welcome 🥺
I literally loved all the info I learned in this video 😆 you should make a video on your finance/saving tips or any tips you have for owning a credit card. I love your advice and want to use it since I’m turning 18 next month!
One second into the video and I’m already feeling so freakin’ happy 😆 I love you so much Hannah ❤️
🥺🥺🥺🥺 I love you more
the excitement i get when hannah uploads is indescribable xxxxx
🥺🥺🥺
I literally just totaled my car and came back to this video😩you’re saving my life
I went to the beach this morning and i'm like omg i gotta be back home before hannah posts a new video and here i am 💛 love you
You are so cute I love u
You have very very quickly become my absolute favorite you tuber and I’ve been watching nonstop. You motivate me so much! I just turned 18 and this was so helpful!
Ignore the fact my phone spaced youtuber out😂
YAY!! new video! love you hannah!💗
Definitely not looking to buy a car any time soon, but still watching this for Hannah!! 💓💓
YOU LITERALLY INSPIRE ME SO MUCH. ILY HANNAH ❤❤❤
ILY MORE
Okay this is probably the best car buying video I’ve seen 👏🏾 So informative about the financing part & your teeth are so freaking straight and you’re so pretty 😍 okay bye, thanks for the great video
The idea of paying the principal amount separately was a thing I knew sooner! And yes, it did made sense 😂
These types of videos are literally just so helpful to so many people 💘
That’s my goal! :)
watching this and I just signed the paperwork for my dream car!! I pick it up on Sunday I'm SO EXCITED
Yes! I made a list. The first car I looked at in my buying a new car experience, it had more “bells an whistles “ than I needed, nor that I would use. So, the car I have now, my second option, seems perfect for me
I'm saving for a Honda Accord Sport(first car) it isn't too pricey and my Uncle works at this dealership I wanna go to but i'm really excited. I know I don't want to spend my money on anything else either, and I'm glad I've come across your channel and this video for more advice, so thank you
I'm a young person looking to buy a nice car and this helps a lot. The whole thing is so overwhelming.
You did a great job explaining principal payments with the diagram. Great Vid!
Great new video update, Hannah!❤️❤️
this was super helpful and not even just for buying a car but for saving and financing in general! since you're a business major you should make some more business videos they are actually really interesting.
The most informative video I’ve ever seen from someone around my age thank you 🙌🏾
hi hannah, i just wanted to say i love your youtube channel and it is the thing i look forward to every sunday❤️
Hi Rebecca, I appreciate you ❤️
Hannah Elise oh my goodness thank you so much for responding! i
Hannah posted!!!! Cant wait to watch. So glad I'm early. ❤.
Hope you enjoy ❤️
I feel like this is also important to add that people don't consider too much is just because you can afford the payments of the car, does not mean you can afford the car. While a car payment can significantly help your credit it can and will destroy any positive credit if the payments are not made on time or payments are skipped.
thank you for such an educational video! definitely will be watching this again when i'm thinking of buying my own car!!
HANNAH!! You are literally so amazing and adorable. Your advice is always helpful. Your life talk vids are my favourite ones. Whenever I'm feeling low, they always make my mood better. ☺🥰
PS: I'm real one.❤
This video is really helpful and it is motivating me to get on my grind and start going towards getting my first car!!! Thank You❤
gimme your psu hoodie or else !
Dude come visit me and we can go thrifting bc I swear that’s where I find all of them 😂😂
I really like that you pointed out duration of topics while watching the vedio , if someone is researching this vedio and want to check something specific can directly go to that topic
I loved this! It was so informative, you would such a great teacher or advisor!
OMG THANK GOD SOMEONE BROKE THIS DOWN FOR ME
Notification squad🙆🏽♀️ definitely taking some notes
NOTIF SQUAD AYE
This inspires me to save for a new car! I love your videos and your big sister advice! ❤️
Loving the content!!!! Thanks Hannah ❤️❤️
I love watching your videos Hannah! You motivate me to continue uploading to my channel 🙏
I always manage to learn something new in your videos, no matter how big or small lol thank you!
You explaining principal versus interest made ALL THE FREAKING SENSE.
THANK YOU okay I’m glad it made sense out loud bc it makes sense in my head 😂😂
thank you so much for this! i've been going through this process and i've been so confused!
Love love you girl, one of my favorite TH-camrs!!❤️❤️👏👏
Thank you 🥺❤️
I'm not even about to buy a car but im watching it only bc you are hannah and we love hannah
I’m getting a car in a couple months and I’m so excited I wish it could come faster so I don’t have to rely on other people to take me places 🥺