There’s nothing more exciting than driving off the lot of Herb Gordon Subaru in a new Subaru car. But before you do so, there is some planning that must be done.
Here in our Subaru finance center, we know that talking about automobile financing is not as exciting as talking about Symmetrical All-Wheel-Drive or Subaru STARLINK®, but it is necessary for anyone buying a car. Here are some tips on creating a budget for your new Subaru car.
Car Budget Tips
The first tip for new car buyers is to determine what you can actually afford. Maybe a used Subaru car is a better option than buying new. Next, determine if you want to pay for everything upfront or take out a loan. Consider the following factors when making these decisions.
Total Price
The total cost of the vehicle includes more than just the sticker price. Also make sure to consider sales tax, title and registration fees, and optional items like warranties.
Monthly Payments
If you choose to take out a loan on your Subaru car, you will need to calculate the maximum amount that you can afford to pay each month. Keep in mind that your monthly payments include both interest and principal.
Down Payment
The down payment is the amount that you have to pay upfront when taking out a loan on a car. The more you can devote to your down payment, the lower your monthly payment will be.
Used Car Trade-In
Remember that our dealers can buy your used car when you purchase one from us, and you can then use those funds toward your new purchase, which can help lower the price.
Speak With Our Finance Specialists Today
If you need any more tips about budgeting for a new car, talk to a finance professional at Herb Gordon Subaru.
