How to Find the Ideal Car You Can Afford

Buying a car is a process that is filled with so many potential pitfalls. Even if you were to find a quality Miami Dodge dealership that is near where you live, you have so much else to go through. Now you have to figure out what model you want to get. There are so many options and they all look so enticing. And then you have to answer the age old car buying question: used or new? It is the reason why so many people feel overwhelmed. And they end up putting off the purchase for a few years.

We do not want you to do that. If you think that you need a new car now, then we are going to help you. The first thing that we suggest is that you figure out what you can afford. You can use an auto loan calculator if you are confused about how the whole loan process impacts your finances. You can see the impact of different starting prices, down payments, interest rates and monthly payments. Then you can get a much better understanding of what you are able to afford in your budget.

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When it comes to car purchases, we always recommend that you go a little below what you can afford. Say that you have run the numbers and you think that you can afford $5000 down and a $200 monthly payment. We would suggest that you try and find a deal that is a little bit less than those figures. Always under extend instead of overextending, as it will help you in the future. You can always pay off more of your loan in a given month if your finances are doing better than you expected. But being stuck with a higher monthly payment than you can afford is not good.

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