3 Questions Commonly Asked by First Time Car Buyers

If you’re a first-time car buyer, the shopping process can feel overwhelming. At Lester Glenn Honda, we’re committed to supporting you through the whole process, from walking on the lot to signing your financing deal. Here are some answers to the most common questions first-time buyers have.

Do I Need to Make a Down Payment?

If you have a strong credit history, you may be offered a financing deal with no down payment. However, that extra capital helps you keep ahead of depreciation, which starts to kick in the minute you roll off the lot. Without a down payment, you can end up upside-down on your loan, meaning that you owe more money than the car is currently worth. Try to make a down payment of around 20 percent of the car’s full value.

Does Getting Pre-Approved Affect My Credit?

While applying for a loan will affect your credit score, applying for pre-approval won’t. You can use our online Honda pre-approval application to find out what kinds of offers to expect, all from the comfort of your living room. When you’re done, you can visit our lot to browse our inventory with added confidence.

Are There Any Tax Benefits to Honda EVs?

If you’ve heard about the tax credit program for new EVs, you may be wondering if the Honda electric lineup qualifies. The good news is that yes, the 2025 Honda Prologue does qualify for the federal tax credit. You can save up to $7,500 on this responsive SUV and its cutting-edge powertrain.

First-Time Car Buyer? Visit Lester Glenn Honda

Finding your first car is easier than ever at our Sea Girt, NJ, Honda dealership. Visit us and explore our wide-ranging lineup of cutting-edge cars in our spacious showroom. Take a test drive and get into your first vehicle today!