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How Much Car Can I Afford? Top Questions Answered
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There is no one size fits all answer financial experts can agree on when it comes to how much car you can afford.
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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)
– Fuel
– Maintenance
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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.
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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.
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4. Don’t Get Caught Up With Car Envy
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If you are buying your next car to impress others you will most likely go over budget in just about every area.
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Affording The Right
Car Options:
- Buy Certified Pre-Owned
- Buy Used Cars
- Don’t Lease A Car
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