Purchasing your first vehicle is a major milestone—and one that deserves thoughtful financial planning. At Kurumaya Ventures Ltd in New Westminster, we understand how exciting (and sometimes overwhelming) the process can be. That’s why we’ve created this easy-to-follow financial checklist to help you make a smart, confident decision when buying your first car.

Step 1: Define Your Full Budget

Before you even start browsing, it’s important to know what you can comfortably afford. Aim to keep your monthly car payment under 15% of your take-home income, and don’t forget to factor in:

Insurance

Gas

Registration and taxes

Routine maintenance and emergency repairs

Setting a realistic budget from the beginning ensures a smooth experience without financial strain down the road.

Step 2: Get Pre-Approved for Financing

Getting pre-approved for a car loan helps you understand your price range and gives you leverage when it’s time to buy. Whether you go through your bank or explore financing options with Kurumaya Ventures Ltd, this step simplifies the process and puts you in control.

Step 3: Research Insurance Costs

Auto insurance can be a significant monthly cost, especially for first-time drivers. Get quotes from multiple providers before selecting a vehicle. Generally, cars with solid safety records and affordable repair costs are the easiest on your wallet when it comes to insurance.

Step 4: Choose a Car That Fits Your Lifestyle

Do you need a car for commuting around the Lower Mainland, running errands, or weekend adventures? Your driving habits should guide your vehicle choice. At Kurumaya Ventures Ltd, we offer a range of reliable, fuel-efficient, and affordable cars that are ideal for first-time buyers.

Step 5: Take a Test Drive and Request a Vehicle History Report

Never skip the test drive—it’s your opportunity to make sure the car feels comfortable and performs well. Be sure to ask for a full vehicle history report to confirm the car has been well cared for and is free from major issues.

Step 6: Budget for Maintenance

Even a dependable car needs regular service. Plan for oil changes, new tires, brake checks, and unexpected repairs. Setting aside a small monthly maintenance fund will help keep your vehicle running safely and efficiently.

Step 7: Carefully Review the Paperwork

Before finalizing the sale, take the time to go over all documents—your loan agreement, warranty information (if applicable), title, and registration. Make sure everything is accurate and clearly explained before signing.

At Kurumaya Ventures Ltd, we take pride in helping first-time buyers start their journey with clarity and confidence. With honest guidance and a dependable selection of vehicles, we’re here to help you find a car that fits your life—and your budget.

Visit Kurumaya Ventures Ltd at 915 12th Street, New Westminster, British Columbia V3M 4K5. Call (604) 727-5821 or email kurumayaventures@gmail.com for more information.