A lot of drivers find that when it’s time to buy a Chrysler or Dodge, they have some questions about budgeting for their purchase, and this goes extra for first-time car buyers!
Luckily, our Dodge finance experts are here to walk you through the process, and they’ve even put together a guide with some tips and tricks for budgeting for your new car.
Top 4 Car Budgeting Tips
While some of these may seem basic, they are all important pieces of budgeting for your new Jeep® SUV or RAM truck!
- Start with the down payment. Literally, of course, a down payment is your first payment on your new car. But it’s also the place to start with your budgeting. A larger down payment can mean lower monthly costs, so begin by thinking about what kind of down payment makes sense for you.
- Factor in added costs. It’s easy for our finance staff to walk you through what you’ll be paying for your new car, but that’s not the only monthly cost to consider. You’ll want to factor in insurance and maintenance costs as well when planning your monthly expenses.
- Think long-term. A longer loan period can mean lower monthly payments – but it also means you’ll be paying more in interest. When you’re deciding on your monthly budget, you’ll want to consider what’s most important to you.
- Don’t forget about trading in. If you already have a vehicle, trading in is a great way to offset the costs of a new car, so be sure to factor that into your budgeting!
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These budgeting tips are just the start of your finance journey. Our staff can help you with other elements as well, like warranties, leases, and Dodge specials. Norfolk, VA drivers can find the help they need to get the car of their dreams at Hall Chrysler Dodge Jeep RAM Virginia Beach.