Thinking About Getting a Car in the U.S.? Read This First

Hey there!

If you're on OPT or STEM OPT and starting to think about buying your first car in the U.S., you're not alone. For many international graduates, this becomes an important step, especially when you're working, interning, or moving somewhere where public transportation doesn’t quite cut it.

But here’s the thing: car ownership in the U.S. isn’t just about picking a color and signing papers. It’s about understanding what makes financial sense, what your real needs are, and how to avoid the common pitfalls that trip up first-time buyers.

Let’s walk through what you should actually be thinking about—before you ever set foot in a dealership.

Do You Even Need a Car Yet?

That’s the first question to ask yourself. If you’re commuting to work every day, and public transportation is unreliable or expensive, then yes—it might be time. But if you’re living in a city with solid bus or train options, or you’re working remotely, you might be able to hold off.

Some grads wait until they’re relocating for a job or need to commute regularly before making the leap. It all comes down to whether car ownership actually saves you time and money—or becomes a financial burden.

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New vs. Used: What’s the Smart Move?

New cars have a lot going for them: manufacturer warranties, the latest safety features, and often low-interest financing deals (especially from Toyota and Honda). But they’re more expensive up front.

Used cars can be more affordable—but come with trade-offs. You’ll need to check the car’s history, condition, and mileage carefully. Sometimes, especially in recent years, used cars have been so overpriced that a new car might actually be the better deal. It’s all about doing your homework.

Sedan or SUV?

If you’re just commuting to work or running errands, a sedan might be the better fit. It’s usually cheaper, easier to park, and gets better gas mileage.

But if you’re constantly hauling groceries, moving between apartments, or planning weekend road trips, an SUV might give you the space and flexibility you need.

Financing: Don’t Let It Confuse You

Car loans in the U.S. can be overwhelming—especially if you’re new to the system. A few things to keep in mind:

• Try to get pre-approved for a loan so you know your budget ahead of time.

• The shorter the loan term, the less you’ll pay in interest.

• Make as big a down payment as you can—it lowers your monthly payments.

• Don’t worry if your initial rate is high—you can refinance later once your credit improves.

And don’t forget to ask questions. If something doesn’t make sense in the paperwork, pause and clarify.

The Hidden Costs No One Warns You About

Car payments are just the start. Once you own a car, you’ll also be budgeting for registration fees, taxes, parking, gas, maintenance, and—most importantly—insurance.

As a new driver with little to no U.S. driving history, you’ll likely pay more for insurance at first (anywhere from $100–$200/month is typical). Over time, as you build a clean driving record, your rate will improve.

And if you're living in a city? Don’t forget parking. In places like New York or San Francisco, monthly parking could cost as much as your rent back home.

Buy or Lease?

Buying means it’s yours—you can drive as much as you want, build equity, and eventually sell it. Leasing might offer lower monthly payments, but comes with mileage limits and no ownership at the end.

If you’re staying in the U.S. for a few years and want to avoid the headache of reselling, leasing could work. But if you're building a life here, buying is usually the smarter long-term choice.

Last Thought: Need vs. Want

Before you sign anything, be honest with yourself. Do you need a car to get to work and live comfortably—or do you just like the idea of having one? There’s no wrong answer—but your financial future will thank you for being honest.

Many international grads have faced this same decision—and figured it out. You will too. Whether you end up with a used sedan or a brand-new SUV, what matters is that it’s the right fit for you.

If you have any questions or want to talk through the decision, just reply to this email—we’re here to help.

All the best,
The Roam Growth Team 🧡