Your Guide to Budgeting for a New Car at Buchanan Auto Park of Greencastle, PA

February 18th, 2020 by

Financing for a new car can feel like an over-complicated process, but our team of Chrysler, Dodge, RAM, and Jeep® dealers strive to make this difficult step, simple and easy. At Buchanan Auto Park we’re all about the customer experience and will go to great lengths to ensure that you leave completely satisfied with our services.

Talking budget can be a sensitive topic for many of our auto buyers, and for good reason, cars aren’t cheap. On top of that, in order to purchase a new car, you’re often expected to sign up for an auto loan, which can come with its onset of nuances and complexities.

That said, one way you can make the auto loan process a little easier is by purchasing your new car with a down payment. A down payment is a portion of the car’s value that you’d pay upfront to lower the amount of you have to finance for, and in turn, potentially reduce the cost of your monthly payments. In most cases, we suggest that our customers attempt to put 20% of the car’s value down to get the best results.

Speaking of monthly payments, the best way to check whether a car is out of your budgetary range or not is to determine your existing expenses. With this existing expenses report, try adding in the amount that you’ll likely pay monthly for the car you’re looking for. In the end, you can get a better gauge about whether a vehicle is within or beyond your budget.

Budgeting is hard, which is why we’re here to help. While we may be known throughout the Greencastle, PA area for our new RAM trucks and expert maintenance services, Buchanan Auto Park is also the place where we make car buying simple.

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