Car Prices Blogs

Make sure you make this coming holiday the best date to find the car that is waiting just for you. Choosing your favorite model should be based on 2 things: absolutely loving the car you want and being able to pay for it.

We want to give you a few tips and advice before you buy your next car:

• Begin by researching car prices, pick 4 or 5 models you like and compare new car prices.
• Review reliability ratings as discussed in this earlier blog entry, to avoid added maintenance expenses down the road.
• Find out the trade-in value of your current vehicle, this amount can be added to your down payment.
• Start saving for your down payment, you should put down as much as you can afford, preferably at least 20%.
• Calculate monthly payments based on available auto loans, remember you’ll pay less overall if you choose higher monthly payments. Depending on your credit rating you should pay 7% interest or less.
• Itemize your monthly bills, rent, credit cars, loan payments, etc. Subtract the total of your monthly bills from 36% of your gross monthly income, this will give you an estimate of the monthly car payment you can afford.
• Factor in additional costs of purchasing or owning a new car, such as taxes, insurance, and registration fees.
• Talk to people. Ask people about their experiences with the vehicles you’re interested in.
• Test drive. Visit dealerships and try multiple vehicles.

Even though this is a lot to consider, it is actually very simple: Enjoy a car that suits your lifestyle without sacrificing your lifestyle.