At Jaguar Northfield, we’re dedicated to making sure our greater Evanston area customers save as much money as possible when it comes to buying a new car. A lion’s share of saving that money is found in making a new car budget that will not break the bank. So today, we want to share some tips that will make sure your next new or pre-owned vehicle is something you’ll love, and most importantly, something you can afford.
Financing a new vehicle starts with learning what the total price of your new or certified pre-owned Jaguar car actually is. Sticker prices do not include things like title and registration fees, sales tax, and any extended warranty coverage you wish to purchase. There’s also the other costs not covered in the initial sale, but happen nonetheless – fuel prices, maintenance, repairs, registration, and the big one, auto insurance. That’s all a part of the total price of your new car, so make sure you take them into account as well.
Your monthly payment can also be affected by how much your down payment is. Making a bigger down payment means you’re getting lower monthly payments and paying less in interest over the life of your car’s loan. It’s a great way to save money over the long term.
When you’ve played all your cards and are sitting down to discuss your payments, you need to keep in mind your own personal income. It’s usually a good idea to spend no more than 20 percent of your monthly income on your transportation costs, so keep that in mind when trying to iron out final costs.
And when you need to speak to an expert, the specialized finance professionals at our Northfield, IL Jaguar dealership are more than happy to help. Contact us today to learn more!