How to Budget for a New Car

We know all the tools of the trade at Sansone Nissan. And one thing we’ve noticed over the years is that car buyers come to us with many different levels of experience. Some know exactly what they want, while others don’t know anything about the buying process and need assistance. If you’re on the newer end of the car shopping spectrum, let us teach you what it takes to budget for your next vehicle.

Maybe you’ve got a little nest egg from your summer job or have saved up birthday money over the years. That’s a fantastic place to start when creating your ideal new car budget and getting into Nissan auto financing. Basically, you should select a payment plan that amounts to no more than 20% of your monthly income. It’s important to remember that there are many other car-related expenses besides the MSRP and interest to prepare for.

When you buy a vehicle, you’re responsible for registration, titling, and taxes, which will vary based on your location. If you’re financing, you might also be asked to put forth a down payment. You should strive to put down as much as you can, as this will help lower your monthly payments and potentially the interest rate you’re eligible for.

Another responsibility to consider is car insurance, along with funds for gas, maintenance, and possible repairs. It’s important not to short change yourself by buying a vehicle that’s way out of budget.

As your local “Nissan showroom near me,” we at Sansone Nissan serving Staten Island, NY are here to ensure every visit is streamlined and successful, whether you’re in for a new car or routine service. To learn more about the tips and tricks we have about saving for and buying a vehicle, get in touch with us today!

Tags: Nissan auto financing, Nissan showroom near me
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