Buying a car involves a lot of money. Even if you’re not thinking about buying a new model, you know that it will be a big expense. To make sure you get what you need at a price you can afford, it’s important to create a clear budget. Fortunately, our Jeep® financing department offers these key questions to ask yourself.
Can I Buy a Car Outright?
If you’ve been saving money for a while, you may have the entire amount you need. However, if paying for your new or used vehicle over time is the better option, then it’s time to think about financing.
How Much Can I Put Down?
When you finance, the first thing to consider is your down payment. The more you have for this, the less you will need to borrow from a lender.
The next thing to think about is what you can afford every month. Take a close look at your income and other expenses to determine what you can pay monthly that won’t cause a strain.
Should I Trade In My Current Vehicle?
If you have an older car that you are looking to replace, be sure to see what it’s worth, as its value may be higher than you think. Once you know this number, it could affect your other expenses.
It might mean, for example, that you can afford a more expensive vehicle. Or, maybe you’ll want to put it towards your down payment so you won’t have to borrow as much money.
Find the Right Vehicle at Our Dealership
No matter how much you have to spend, Fields Chrysler Jeep® Dodge RAM Glenview will help you find the perfect car. Visit us today to see what we have in stock.