Looking for a new car is more than just a means to an end. The process of browsing and test driving new vehicles is an experience in itself. When you have the help of our Chrysler finance team, you’ll get to put your worries aside and shop for your new vehicle distraction-free.
Explore our financing tools online and make your way over to Hall Chrysler Dodger Jeep® RAM Virginia Beach to complete your car search!
How to Budget for a New Car?
For most car-shoppers, their budget will depend on how much they can afford to set aside each month as they pay off a car loan. Because of this, one of your first steps will be to determine your monthly payments. By using our convenient payment calculator, you can enter different car prices and monthly payment terms to get a clear idea of what your budget is.
Keep in mind that you can extend your payments to make monthly payments lower, although this may result in a higher interest rate. If you put more money down, your monthly payments will be lower, but of course, this depends on how much you want to put down.
Many drivers who trade in find they can afford to put much more down upfront, but it also means your monthly payments will be lower regardless.
As a general recommendation, experts do not advise spending more than 36% of your income on loan payments, and no more than 15% on car expenses.
Our Finance Center
You can get a lot done online, such as calculating your payments, getting an estimate of your car’s trade-in value, and even applying for financing. But the team here at our Chrysler dealership near Norfolk is always happy to help if you have concerns about credit, want someone to walk you through your finance application, or need an official trade-in appraisal.
Explore our online financing center today and don’t hesitate to contact our finance center if you have any questions.