So you’ve decided to purchase a new Acura car from our dealership. First off, congratulations on your excellent choice in vehicle! Second of all, do you know how you’re going to pay for it? Here at Hiley Acura of Ft. Worth, we know that nobody likes to talk about automotive financing or budgeting, but it is a necessary topic for anybody in the market for a new car. The friendly reps at our Acura finance center would like to share these helpful tips on budgeting for a new car.
Consider the Total Price: When calculating the price of a new car, remember that it consists of more than just the sticker price. It will also include things like the title and registration fees, sales tax, and optional items like extended warranties. Also, remember that you’ll have to pay for things like car insurance, gas, regular maintenance, and other costs that come with owning a car.
Down Payment: When you finance a new or used car, you will be required to put a down payment as a lump sum. The more you can devote to the down payment, the lower your monthly payments will be.
Monthly Payments: Before purchasing a car, check your budget to see how much you can afford to pay per month. A car lease or financed purchase will include monthly payments that consist of both principal and interest. Variables that affect your monthly payment include your down payment, interest rate, and loan term.
Used Car Trade-In: One easy way to lower the cost burden of a new car is by trading in your used car to our dealers.
For more budgeting tips for Acura cars, talk to a finance rep right here at our dealership.