Fit your Budget for your New Car

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Finding the Right Fit

There are many factors to consider when purchasing a new car. It is crucial to consider your budget, an accommodating size and various comfort and safety features. The average car loan will require payments for five years. It is important to determine that any upcoming life changes will be compatible with a vehicle that you will likely have long after the loan is repaid.

The good news is, you’re not alone in this decision. It is in your local dealer’s best interest to ensure that you are purchasing a car that will meet your needs. But what questions do you need to ask your local professional?

Is it In Your Budget?

Besides your initial investment of a down payment plus monthly payments, make sure that you can afford regular maintenance on your new vehicle. Your dealership’s salesman or local parts store will be willing to do research to determine the cost of regular maintenance for your new vehicle.

There’s a large cost difference between oil changes for a truck with a diesel engine and a standard passenger car that uses gasoline. It’s important to know these cost differences before you commit to a five-year loan.

Does Your New Car Fit Your Family?

A sleek body style and extra horsepower under the hood can be tempting to anyone. But if you have small children, you know that convenience is second to none. Perhaps, a two-door coupe isn’t the best vehicle for you if you’re constantly shuttling kids around town.

If you have children or are considering adding to your family, a sedan or minivan may be your best bet. These will supply comfort and convenience for your budding family.

If you’re concerned about gase mileage, consider a small or crossover SUV.

Do You Need Extras?

Your new car may come with extras that you never considered, but these extras come at additional costs. Ask yourself if you need the extra towing package. Sure it can be handy, but if you have never considered hauling a trailer, then it’s probably an extra that you don’t need.

Another extra is four-wheel drive. If you live in an area that experiences tough, snowy winters, four-wheel drive will probably be beneficial. If you don’t plan on driving in snow or off-roading, however, you’re safe to bypass this pricey option that can also cost you in gas mileage.

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