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Your First Car Loan

Your First Car Loan Is Easier Than You Might Think!Let Us Help!
Young teen driver holding car keys

For many people, the first major purchase of their lives is a vehicle.

Whether you are preparing to get your license at the age of 18, have graduated college, want a great vehicle, or have taken a new job and need a reliable car, securing your first auto loan may seem difficult.

But if you work with us, we can show you how getting your first auto loan is easier than you think.


Make it Happen Today!

First of all, you should know that the best way to get started is to give us a call. Everyone's situation is different, so addressing each person's needs specifically is a very important part of the process.

That said, there are things that you should do to help secure their first auto loan:

Budget spreadsheet calculator

Know Your Monthly Budget

Knowing specifically how much you can spend a month goes a long way in finding the right car for your needs. Remember to factor in gas and insurance so you will have the right amount of money to stay on top of your first auto loan.

Car salesman shaking hands

Identify Your Needs

If you have a long commute, you probably need fuel-efficiency, if you have a large family, you definitely need enough seating. Depending on your location and driving habits, four-wheel drive may be necessary. Thinking about and prioritizing your needs helps save your time and helps us find cars that will fit your needs.

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Test Drive

Working with one of our expert sales people helps you finalize which car you like best. After all, even when you are looking for that first auto loan, you still deserve a car that makes you happy. After you take a few test drives and determine which car works best for you, we'll help you get the auto loan you need.

Remember, in today's society, more and more people are waiting longer to get their first car, so you are not alone in your concerns. We have worked with thousands of people and helped them secure their first auto loan, so finding the right auto loan for you should be no problem.

First Time Buyer Programs

Young teen driver holding car keys

Many of our lenders have first time buyer programs that are designed specifically for this situation. The standard requirements for these programs include:

  • 10% Cash Down

  • 90 days of full time employment

  • No derogatory credit history

The McGrath Finance Team

McGrath finance team

Bottom Line: The best thing you can do to get your auto loan is to stop by one of our locations or call McGrath Credit at (319) 383-7863.

We want to help you find the right auto loan to fit your needs, so give us a call and let us get started today! You can even get started right now by filling out a Pre-Approval Form.

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Contact Us:

Phone: (319) 383-7863