5 Costly Car Mistakes to avoid in 2026
Buying a new or used car can be exciting, but it can also be stressful if you are not ready. At Arbuckle Federal Credit Union, we want to help you make confident, money-smart choices. Here are five common car loan mistakes to avoid when you shop in 2026.
1. Don’t Shop Just by Monthly Payment
It is easy to focus on what you can afford each month, but dealers can stretch loan terms or add fees to hit that number. Always look at the total cost of the car, not just the monthly payment.
Tip: Negotiate the price of the car, not the payment.
2. Avoid Owing More Than Your Car Is Worth
If you still owe money on your old car, do not roll that balance into your new loan. That can leave you "upside down", meaning you owe more than your vehicle’s value.
Tip: Pay down your current loan or wait until you have built equity before trading in.
3. Ask Questions Before You Sign
Every detail matters. Read the fine print and question any charge or add-on you do not understand. You will own this car and the loan, so know what you are agreeing to.
Tip: Do not rush. Ask until you feel confident.
4. Know Your Credit Score Before You Shop
Your credit score affects your interest rate and loan options. Do not rely on the dealership to tell you what you qualify for. Get pre-approved with Arbuckle Federal Credit Union before you shop. It saves time and money.
Tip: Think of it like grocery shopping. You would not go without your wallet.
5. Skip the High-Priced Add-Ons
Dealerships often sell extras like GAP coverage, credit protection, or warranties at high prices. As a credit union member, you can get the same protection for much less through Arbuckle Federal Credit Union.
Tip: Check with us before you agree to any add-ons.
💡 Member Tip:
Skip the Hassle with our VIP Auto Loans!
Forget the stress of haggling at the dealership. With Arbuckle Federal Credit Union’s auto loan program, you’ll be pre-approved before you even shop — saving you time, money, and frustration. Learn more.
📍 Arbuckle Federal Credit Union
Proudly serving Ada & Holdenville and helping our members drive smarter, save more, and reach their goals in 2026.
