How Much Car Can I Afford? Top Questions Answered
There is no one size fits all answer financial experts can agree on when it comes to how much car you can afford.
4 Tips To Help You Buy A Car You Can Afford
1. Set A Car Budget
Go ahead and set a budget for each of the following:
– Insurance (ideal premium)
2. Don’t Forget About The “Other” Car Expenses
The biggest car-buying error most people make is not considering all of the other car expenses that go with purchasing a new car.
3. Do Your Best To Avoid Brand New Cars.
New Cars Lose Close To 20% Of Their Initial Value In The First Year Of Owning One.
4. Don’t Get Caught Up With Car Envy
If you are buying your next car to impress others you will most likely go over budget in just about every area.
Affording The Right
- Buy Certified Pre-Owned
- Buy Used Cars
- Don’t Lease A Car
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