Resources
Car Buying
Guide
Research & Education
Preparation
Thorough preparation is the key to landing a great deal on your next vehicle. To make your auto buying experience as easy and cost-effective as possible, we have compiled the following information to help you.
Quick Tip
In addition to the price of the vehicle, you need to consider other costs such as insurance premiums, routine maintenance and fluctuating gas prices.
Stay Informed
The first step to getting a good deal on a new or used car is to be informed before you negotiate with a dealer. New and used car cost guides are available in bookstores, libraries, and online. These will help you research prospective models, their factory invoice prices, and the costs of various options.
Be Cautious
When you decide to visit a dealer, keep in mind that the sticker price may not represent the actual price of the car. The dealer may receive a rebate from the manufacturer for each car that is sold, usually 2% to 3% of the sticker price. Plus, a markup of $400 or more may be added to the price of the car, leaving ample bargaining room for most vehicles.
Sign a Contract
Before you choose a car or sign a contract, research the details of the vehicle you want to purchase. Specifically, consider the following factors to help determine what vehicle is best for you.
Factors to Consider
Value
Research how much the vehicle you want is worth. Visit NADA Guides or Kelley Blue Book to find comparable prices.
Safety
Considering the safety of a vehicle is a top priority. Visit safercar.gov for a comprehensive look at safety ratings.
Reliability
Vehicle reliability is an important factor when calculating possible future repair and maintenance costs. Visit sites such as JD Power or Consumer Reports for detailed information.
Efficiency
Your vehicle’s fuel efficiency is also important to consider when determining overall cost. Visit www.fueleconomy.gov to learn more.
How we can help
Vehicle Loans
With a Palmetto Citizens vehicle loan, you receive the same low rate and extended terms on new to 3-year-old models, with great options for older vehicles too. Plus, there are no payments for 90 days.*
Mechanical Repair Coverage
Offered for new and used vehicles up to 12 year old, with 120,000 miles or less, our MEMBER'S CHOICE Mechanical Repair Coverage, is a better value than many extended warranties offered by the dealerships.
Auto Buying Module
Take this short Auto Buying online course, offered through GreenPath Financial Wellness, to help you understand and navigate the process of purchasing a car.
Discounted Auto Insurance
Through TruStage® Insurance, you can receive up to a 10% discount off your auto coverage with leading insurance providers just by being a credit union member.** Visit our TruStage Insurance Page to see additional insurance coverage options.
Online Calculators
We offer a variety of online calculators to help you better manage your money and make wise financial decisions.
Financial Wellness Center
View our "What Auto Loan Can I Afford?" module, an interactive learning experience in our Financial Wellness Center, to learn about the car buying process and the steps you can take to apply for a car loan.