How Long Does It Take to Buy a Car?

How long does it take to buy a car? This question might cross your mind if you are gearing up for your first vehicle purchase. The process can vary widely, ranging from a few hours to several months.

On average, it takes around 15 hours to buy a car. However, you will have to start by reviewing your finances. Knowing your budget is crucial. Check your credit score, decide on a down payment, and calculate how much you can afford monthly.

This initial step can take a few hours to a few days, depending on your financial situation and whether you need to improve your credit score first.

Decide on the Purchase Source

Next, determine where you will buy your car. Dealerships offer a range of options but can be time-consuming with negotiations. Private sellers might be faster but come with risks. Online platforms streamline the process with fixed prices but might require more time if the car is not as described. Deciding on the purchase source can take anywhere from a few days to several weeks.

Mike / Pexels / Selecting the right vehicle model is another time-consuming step. Choose your preferences upfront!

Researching different models, test driving, and comparing features can be both exciting and overwhelming. This phase can take from a few days to several months, depending on how specific your requirements are and how much research you want to do.

Arrange Your Finances

Arranging financing is a crucial part of how long it takes to buy a car. Getting pre-approved for a loan can save time at the dealership. This step might take a few hours if you have your documents ready and your credit score is good.

However, if you need to shop around for the best rates, it could extend to a few days.

Finalize the Purchase

Now, finalizing the purchase involves paperwork and negotiations. At a dealership, this can take several hours. If you are buying from a private seller, it might be quicker but requires thorough checks.

Online purchases can streamline paperwork. But delivery and inspection can add time. Completing the transaction can range from a few hours to a few days.

Online Car Buying is Quicker!

How long does it take to buy a car online? It can be quicker due to fixed prices and streamlined processes. However, it might take longer if the vehicle does not match its description upon delivery.

Online buying can save hours spent at the dealership but might extend if you have to deal with returns or disputes.

Olly / Pexels / Once you are pristinely clear on your preferences and have finances in place, you can buy a new car in less than 15 hours!

How to Speed Up the Car-Buying Process?

To speed up the car-buying process, consider these four ways:

• Get Pre-Approved for a Loan: This can significantly cut down the time spent at the dealership. Have your financial documents ready and apply for pre-approval before you start shopping.
• Research and Narrow Down Choices: Spend ample time researching models and features online. This will minimize the time spent on test drives and comparisons.
• Utilize Online Car Buying Services: Platforms like Carvana and Vroom offer fixed prices and home delivery, cutting down the negotiation and travel time. Ensure you read reviews and understand their return policies.
• Prepare All Necessary Documents: Having all your paperwork in order, such as your ID, proof of insurance, and financial documents, can make the final purchase smoother and faster.

So, how long does it take to buy a car? Well, it depends on various factors, from finances and research to the actual buying process. On average, it can take around 15 hours, but this can vary widely. By understanding each step and preparing in advance, you can make your car-buying journey faster and more efficient.