How to Budget for a New Car

We’ve got the Hyundai new car deals you want and the information you need to ensure a successful car buying experience. Trust Sansone Hyundai to be your Avenel, NJ car dealership, and you’ll be in the vehicle of your dreams in no time.

If you’re a first-time car buyer, you’re going to want to prepare, especially financially. You want that credit score to be at the top of its game. When it comes to your savings account, you’ll want to plan ahead a bit even if you’re not required to put any money down or if you’re not paying for your car outright.

Why? Because there’s so much more to car budgeting than the MSRP price!

If you’re financing, you have to consider the interest of your monthly payment. Making a substantial down payment can help lower those monthly payments if you so choose, which can be further supplemented by a vehicle trade-in if applicable. Experts recommend that a down payment be at least 20% of the vehicle price. Regardless of whether you finance or not, every car owner must pay fees like taxes, registration, and titling costs.

Don’t forget that car insurance is required, which can be a lofty monthly expense. You’ll also want to budget for gas, possible repairs, and routine maintenance like oil changes and tire rotations every few thousand miles.

We are committed to helping you prepare to buy, so feel free to come to us with any questions; we encourage it! You may even use the payment calculator on our website to determine what your monthly payment could look like and go from there. We hope to see you soon to talk more about your potential new Hyundai!

Tags: Hyundai dealer payment calculator, Hyundai new car deals
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