Free Personal Finance & Budgetting Articles

Professional Authors - Professional Articles



How to Figure Out Which Car You Can Afford


There probably isn't a single person who can drive that doesn't enjoy getting a new car. There's the excitement of going out and looking at all the different models, getting to take them for test drives, taking in that new car smell, almost makes a person giddy until they take a look at the sticker price. Then you suddenly come down to earth. It's called sticker shock and there harsh reality that your personal finances simply couldn't survive that price. Well, try not to get too discouraged, it may take some time but if you consider following the steps below, you should be able to find the right new car for both you and your wallet.

You are going to first need to do some research from home by looking online at the different dealership sites. First pick what kinds of cars you are most interested in like a Chevy or Ford for example. They all have their own websites so you can go and check out their prices for their different makes they offer, find the trade in values and then locate a local dealership. You will simply need to type in your zip code and then the site will give you the name, the address, the web address and the phone number of the local dealer. It's really a good idea to check out the different prices on the local dealer website if they have one than from the manufacturer's website. You also may run into sales by the dealer when you are doing your research.

Next thing you should do is to call your car insurance company. Do this after you think you have found a couple of cars that you might like and then see what the insurance would be on those particular cars. This is a huge factor when you are considering buying yourself a new car. Then you will add the difference between what you are paying now and the new car and try and fit that into your budget.

Now you need to make sure that you make up a budget. You will of course need to write down all of your expenses and then subtract that total from what your bring home pay is. Just because the finance companies go by your gross pay this is not something you should do. Always base your budget on your net pay and not your gross pay. This will let you know if you have the extra money to be able to make a car payment.

If your budget indicates that you should be able to afford a car payment then you should go to the different dealers and talk to a salesperson at the different lots. Let them know exactly what payment range that you can deal with and make sure you are firm about this. You have all the information that you need when you get there, your budget, the trade in value of your present car and the price range you are looking for, so this should go smoothly.

Once you have given him all that information you can start looking around the car lot. Make sure that the salesperson only shows you cars that are going to fit into your payment range. They should tell you about any rebates or specials they have going on, if they don't make sure to ask them because a good rebate or special could make all the difference in the world on whether or not you'll be able to afford the car or not.

By knowing the kind of car you want, how much you can afford to pay for both the car payment and the insurance and already knowing the trade in value of your car is going to make it a lot easier for you to be able to find just the right car that you can afford to buy and it should make looking for a car and getting the transaction done a lot easier.

Note: If a salesperson at one lot isn't willing to listen to you or work with you then simple leave and move onto another dealership. Remember, you are the one in charge, not them. You know what you can afford so don't let them talk you into anything else just because they are trying to make more commission!





Comments
Dana Stone commented on 29-Mar-2017 04:54 PM
An insurance policy is only as good as the company that backs it.


Post a Comment




Captcha Image






BLOG TAG CLOUD
quiet time coupons store ads best credit bankruptcy debt management company financial agent credit meat specials mortgage payments credit policies managing time secure finances local dealer decorations W-4 forms retirement years financial basis dealership different models debt settlement research stop procrastinating grocery shopping salvage groceries major debt home improvement loan make a will present car get help chapter 7 grocery list money issues law firm enjoying money conscious fast paced get rid of debt personal bankruptcy creditors computer estate planning errors emergency spending manager specials getting health insurance enough money save money net pay car insurance sticker price improvement loan buying a home veteran loan attorney gross income reduce tax retirement fund payroll miss payments invitations medical history party theme car lot employees budget home equity loan household tips specials spend less wills legal power certain stocks handling problems time management property value lease takeover financial power quick sale social security number qualified veteran voluntary estate planning lawyer gross pay credit score car finance finance tips planning finance tips true market value stock market deductions structured settlement test drives rebates avoid personal bankruptcy new car smell personal finance tips personal finance stop paying loan possibility car tight budget actual loan repair credit power of attorney leasing company banners insurance property tax cash flow owe money pay bills financial crisis periodic payments major financial issues need maternity care shop online balloons top preparing dinner debt management discounted items secured loan payroll software package personal finance resources poor credit half price car sites home loan car payment compare prices party supplies insurance company printer income tax medicare cash dream interest rate reduce interest community property income birthday party car loan saving money good credit right estate planning lawyer car payments trade in value homemade food reality financial issues common estate planning bad credit overspending self help finances assessor estimate retirement planning estate planning afford a car va loan possibility personal finances getting a loan unsecured loan family member sticker shock payment range financial affairs payment plan new car lower tax car lease health insurance finance company car dealer own business start investing debts



Copyright 2016 - Free Info Site Enterprises
Privacy Policy  |  Copyright Policy  |  Website Use Policy  |  Non Endorsement Policy  |  Contact Us  

Finance Blogs
Finance