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



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

Finance Blogs
Finance