There are many different factors to consider when purchasing a car. One of the most important things to think about however is your budget. Many potential buyers focus on the car they want and fail to consider if buying their dream vehicle fits into their budget. The car’s cost is not the only thing buyers should think about, some factors to think over when making your budget and searching for the right car include:
Figure out your Budget: Unless you can purchase your car in cash, most people will need to finance their car. Decide how much money you can afford on a monthly car payment; experts recommend that you shouldn’t spend more than 20% of your monthly income on a car payment.
Financing your Car: Think about how long you will finance your vehicle. Longer loan terms will lower your monthly payments but you pay more interest in the long run. Alternatively, a shorter financing period will make monthly payments higher but you will you pay off your car faster.
Find the Cash: Decide how much cash you can put towards the car purchase. The more money you put towards the car, the less you’ll need for your car loan. You can pay your car loan off faster and save more money in long run.
Find the Car: Only after you’ve calculated your budget should you decide on what vehicle to buy. Decide whether you will purchase your car used or new, or if you plan to lease a vehicle. These factors will affect what cars you can afford. Project the long-term costs of the vehicle, including insurance, gas, and maintenance.
Real Local Pages (RLP) can help you find a local dealership, auto repair shop, or auto broker for your car. RLP is an online directory of businesses and services across the United States. Visit the RLP website, http://www.reallocalpages.com to get started. Type your state and city to narrow your search; then, enter keywords like “dealerships” or “auto” into the search box on the main page. Site users can also search by picking a category from the Popular Categories list on the home page. The results page will display the name and information of the business. Use Real Local Pages to find a variety of businesses, from car dealerships to bakeries.