Get What You Want and Stay Balanced
Once you have a better idea of the car payment you can afford and how it fits with your budget, you’ll be better equipped to negotiate your deal on the car you want. Most financial experts will recommend economizing on auto expenses, but if upgrading your car is important to you and a necessity to your future lifestyle, then go for it! As long as you believe your budget can remain balanced and you are comfortable with the potential payments, then you deserve a new car!
To figure out what you can afford, there are plenty of affordability calculators online that you can use for free. They will help give you a layout of your expenses and what you’re looking for, versus what you’ll need to expect. On Webb Chevy Plainfield’s website, we have a function that allows you to look at the vehicle you want and personalize your payment. You can alter the deal based on incentives, what your trade-in value is worth, the down payment you plan to put on the car, and what your credit score is. You can even estimate what you would pay monthly should you decide to lease the car.