How Much Can I Spend on My Next New Car?

How Much Can You Really Afford to Spend on a New Car
?by Buddy Evans, Vice President of Big Bucks Auto™Are you in the market for a new car? If so, it’s important to figure out what you can afford to spend -- before going shopping. By doing some simple math and evaluating your current situation, you’ll be prepared to shop for a car you want – and can afford!How Much Can You Spend on Monthly Car PaymentsThe first thing to figure out is how much you can afford to spend on monthly car payments. Most experts argue that you should not spend more than 20% of your monthly gross income on a car payment. In special situations this figure may vary, but as a rule for the average adult, sticking to 20% or less of monthly gross will likely be a wise move. Short Term vs. Long Term Car Loan Once you determine a safe figure for monthly car payments, you should consider the loan term. Remember that a longer car loan will mean much more interest paid over time, while a shorter car loan term will mean less interest but higher monthly payments. Coming Up with a Down PaymentAnd what about your current car, assuming you have or had one? Selling Your Current CarIf you already sold your car you may have some available cash to contribute as a down payment. Any down payment you make is great as it will cut down on monthly car payments. If you still need to get rid of your current car, be sure to consider selling your car before simply trading it in to the dealer. You can usually expect much more money from selling your car than trading it in. If time is an issue, look for a reputable used car buyers like Big Bucks Auto™ in New York Tri-State Area. If you already sold your car and have some leftover cash from the sale, consider keeping it for a down payment on your next new car. Any down payment you make will cut down monthly payments significantly. Leased CarIf you’re currently leasing a car, you’ll need to either wait until your lease term expires – or get out of your lease early. To learn more about getting out of a lease, read “Getting out Of Your Used Car Lease”. And if you have savings or other available cash, this may be used as a down payment as well if you choose to do so.Car Insurance CostsInsurance costs are another major consideration when figuring out how much you can spend on your new car. A sports car or a high theft car will likely have a far higher insurance premium than a run-of-the-mill sedan. To put this into perspective, remember that two new cars with sticker prices of $20,000.00 each may have insurance premiums which vary by as much as 50% - or more! In other words, it’s very important to figure out – roughly – how much insurance is going to cost for all of the new cars your interested in.Car Maintenance CostsThen there are maintenance costs to consider. Some new cars will be far more expensive to repair than others. Foreign cars, for example, may be quite expensive to repair. However, many of these cars now come with warranties and free scheduled maintenance. New offers like this may actually make cars which used to be expensive to fix, far less expensive than other ‘cheap to fix’ cars! Therefore, the maintenance issue should be evaluated on a car-by-car and offer-by-offer basis, as manufacturers and their offers vary significantly. After considering these simple factors, you’ll be prepared to go out and shop for a car that truly fits the bill, financially speaking.

How Much Can I Spend on My Next New Car?

How Much Can You Really Afford to Spend on a New Car?by Buddy Evans, Vice President of Big Bucks Auto™Are you in the market for a new car? If so, it’s important to figure out what you can afford to spend -- before going shopping. By doing some simple math and evaluating your current situation, you’ll be prepared to shop for a car you want – and can afford!How Much Can You Spend on Monthly Car PaymentsThe first thing to figure out is how much you can afford to spend on monthly car payments. Most experts argue that you should not spend more than 20% of your monthly gross income on a car payment. In special situations this figure may vary, but as a rule for the average adult, sticking to 20% or less of monthly gross will likely be a wise move. Short Term vs. Long Term Car Loan Once you determine a safe figure for monthly car payments, you should consider the loan term. Remember that a longer car loan will mean much more interest paid over time, while a shorter car loan term will mean less interest but higher monthly payments. Coming Up with a Down PaymentAnd what about your current car, assuming you have or had one? Selling Your Current CarIf you already sold your car you may have some available cash to contribute as a down payment. Any down payment you make is great as it will cut down on monthly car payments. If you still need to get rid of your current car, be sure to consider selling your car before simply trading it in to the dealer. You can usually expect much more money from selling your car than trading it in. If time is an issue, look for a reputable used car buyers like Big Bucks Auto™ in New York Tri-State Area. If you already sold your car and have some leftover cash from the sale, consider keeping it for a down payment on your next new car. Any down payment you make will cut down monthly payments significantly. Leased CarIf you’re currently leasing a car, you’ll need to either wait until your lease term expires – or get out of your lease early. To learn more about getting out of a lease, read “Getting out Of Your Used Car Lease”. And if you have savings or other available cash, this may be used as a down payment as well if you choose to do so.Car Insurance CostsInsurance costs are another major consideration when figuring out how much you can spend on your new car. A sports car or a high theft car will likely have a far higher insurance premium than a run-of-the-mill sedan. To put this into perspective, remember that two new cars with sticker prices of $20,000.00 each may have insurance premiums which vary by as much as 50% - or more! In other words, it’s very important to figure out – roughly – how much insurance is going to cost for all of the new cars your interested in.Car Maintenance CostsThen there are maintenance costs to consider. Some new cars will be far more expensive to repair than others. Foreign cars, for example, may be quite expensive to repair. However, many of these cars now come with warranties and free scheduled maintenance. New offers like this may actually make cars which used to be expensive to fix, far less expensive than other ‘cheap to fix’ cars! Therefore, the maintenance issue should be evaluated on a car-by-car and offer-by-offer basis, as manufacturers and their offers vary significantly. After considering these simple factors, you’ll be prepared to go out and shop for a car that truly fits the bill, financially speaking.

New Car Prices Deals

Whether you buy a new car or a used one, one of the most important ways to enjoy your experience is the car dealer you will discuss with. Nowadays, car dealers can be found anywhere but the fact is that you need a car you like for the best rate you can obtain. Fortunately, the internet represents a wonderful tool which can help you locate any dealer you please.
Car dealers that you can rely on are exactly what you need when shopping for a new car. They will put at your disposal a variety of makes and models to choose from, the essential thing being having enough money at your disposal. Car dealers will present you all the possibility and we advice you not to limit yourself to just one model. The availability of the model you are keen on will restrict your ability to negotiate a better price.
New car prices can be quite overwhelming, but we say it is worth it as long as you find your dream car. However, once you have spotted something you like, you have checked out its price and talked to the dealer, don’t forget to take the car for a spin in order to see if it really is what you are looking for. The test drive will enable you to feel the real performance of the vehicle and if it meets your expectations. Car dealers who don’t let you take the car for a drive because of certain reasons must be avoided.
New car prices can also be a good deal as long as you buy the vehicle in a certain period when you can find discounts on car prices. Car dealers companies offer special promotions, especially on holidays and long weekends. If you want to get a discount for the car, we suggest keeping an eye on local newspapers and TV commercials.
Another good period for purchasing a new car is the end of the year, because most car dealers want to sell their vehicles. The only disadvantage is the fact that the value of the vehicle will depreciate faster because it will be one year old, but if you are planning to keep the car for a longer period of time this doesn’t have any importance.
New car prices can be lower at the end of the month, because car dealers have monthly quotas that they must meet. Thus, you will obtain a better new car pricing and if the dealers haven’t met their quota yet, they will offer you a good deal so that they can close the sale. Also, don’t forget about the end of the model year, since dealers want to sell previous models and their price goes down.
There are several advantages to purchasing a new car but this represents your most expensive option. New car prices are higher than used cars prices because new cars will offer you the newest comfort and safety features, being dependable and not needing repairs for a period of time.
As you can see, buying a new car is quite a challenge but it presents several advantages that you will enjoy, even if you will have to pay more than for purchasing a used car. However, don’t rush into purchasing a car, without thinking exactly of what you need and how much you can afford. Once you narrow down your options, you will know what to buy and how much to pay for it.

Buying Your New Car

you're buying a car based on the invoice price (for example, "at invoice, Worksheet for Buying a New Car. Buying & Maintaining a Car In this Foolish Car Buying area he lays out a as well as on our How to Buy a Car message board, getting more tips from Fools. Automotive classifieds with listings and buying guides. Features listings and other information on U.S. August 2, 2007- DETROIT- Detroit automakers lost control of the U.S. car buying and first-time drivers, buying a car can be an angst-filled Safe buying tips.information from Connecticut's premiere news site & Certified pre-owned cars. used cars, trucks, and vans including car care, warranties, loans, and more. Only Internet Appraisal Service That Will Buy Your Car, Guarantee Your Trade or Terminate Your Lease! people by nature or philosophical bent simply don't believe in buying new cars. How to Make Money Buying and Selling used Cars i provide my customers more information to move them into buying cars possibly. Auto Trader UK- The UK's #1 site to buy and sell new and used cars online. You'll find lots here, plus links to car-buying guides, a loan calculator and more!Buying a car can seem like a daunting task. Video: 2008 Infiniti G37 Car Buying Service. CARFAX used car buying guide: curbstoning. LoJack- The Only Stolen Vehicle Recovery System operated by police to track and recover stolen vehicles. Buy and sell autos, trucks, motorcycles, parts, accessories, boats, and other vehicles on Vintage Car & Truck Parts. Take the stress out of buying a car by calling on eHow's automotive experts.research new car prices & values, compare cars and get car buying tips at.au Your complete car-buying guide. A new car is second only to a home as the most expensive purchase many consumers If you're buying a car based on the invoice price (for example, "at invoice. Links to sites that provide online car buying services. Learn about running a Vehicle History Report and find out where to buy used cars.on March 24, 2008 in Car Buying, Hybrids Alternative Fuels, Site News February 29, 2008 in Accord, BMW, Car Buying, Elantra, G35, Honda, LS 460, Mazda. Learn to use the Internet to research a car's history and dramatically cut costs by. February 19, 2007- Byline: Yogima Seth Feb. How to buy or sell your car- A guide to help you make good decisions whether buying or selling- DMV.ORG Buying and selling a car does not have to be. If you buy an Enterprise car, and you change your mind, we will buy it back, no questions asked. for a great car buying experience with no. eBay Motors lets users buy or sell new and used cars, trucks, and SUV passenger vehicles online.Cars- a comprehensive "people's guide" to cars and the automotive market, featuring test drives, new car family car that's economical to buy and. AAA members can take advantage of our years of experience and wealth of helpful information about buying used cars: Cars (Widescreen Edition): Owen Wilson,Paul Newman,Bonnie Hunt,Rodger Bumpass,George Carlin,Bob Costas, by buying this Blu Ray "Cars". The fact is that most people rank buying a car well below a trip to the dentist. Find out what to look for when you shop for a collector car on eBay. of the enticements of buying a 1 or 2 year old program car with less than 36,000 Before buying a used car, buyers should do library and or Internet research.security system for protecting any car you buy. cars, buy or sell your car in auto classifieds, compare new and used car prices of the Four-Door Sports Car- complete details on Nissan's new. Includes a research center and car buyers services. in this section touch on car buying and financing, insurance, warranties, VINs. March 20, 2008- SACRAMENTO- By agreeing to carry a bill that would slightly raise a document fee that car buyers pay, Assemblyman Mark DeSaulnier, D-Concord, put. Buying guides for new and used cars with reviews, advice, and pricing comparisons. Used cars should undergo a thorough inspection by a mechanic before purchase. Auto Center provides an automotive guide and tools for new and used car needs.

Are You Seeking That New Car Loan?

Nothing screams 'total independence' quite like being able to buy your own car and not just any car mind you, but your actual 'first car'! You want the hottest and newest model on the market but the first time car buyer; you maybe shocked at all the costs involved.Before getting a new car loan, you have some financial obligations to settle before sliding into the front seat. You must first apply for a new car loan.If you need a new ride, it's time for you to consider applying for a new car loan. Since new car loan options are varied and extremely abundant these days, it's the wisest to have some useful information handy when it comes to finally taking that big leap into acquiring your new car loan - and your beautiful new car, of course!What are the benefits of applying for a new car loan? Well, to start with, new car loans actually give you the option of scoring a car that will surely be able to get you to places, a car that you can depend on especially during those times when you're really running late for an appointment. In short, a brand new car! A brand new car gives you the peace of mind as well as the satisfaction that you're driving something that is of real quality.In spite of a seemingly minor drawback of spending a tad bit more as compared to just buying a used car, experienced car owners unanimously agree that if you are responsible enough to take on a new car loan, the pros out weigh the cons. If you're debts are well organize and you have a stable job, then you're obviously MORE than worthy of 'spoiling' yourself! Make your way to the nearest new car loans line and apply for that new car loan which will get you that once elusive 'first car'.A car loan calculator can be offered free on the internet as an Excel Spreadsheet Download Area. It is ready to use. All of them have several loan scenarios on one 8x10 printout, allowing you to make quick decisions about your car loan. You can also find car loan calculators online at E-LOAN and Capital One Auto Finance. If you have a PocketPC type PDA, you can download a version of some car loan calculator for PDA. You can use the spreadsheets to compare online auto loan rates to the car dealer auto loan rates. New car financing has never been easier for you.Here are some general kinds of car loan calculators and see which works best for your car loan needs.Free Car Loan Calculator - There are tons of free car loan calculators around, especially on the internet. Remember most of the calculators are just to work out what you're ideal monthly payments should be and are NOT a quote. There are free car loan calculator links all over the net.New Car Loan Calculator - New car loan calculators help you work out your ideal monthly payments. A lot of new car loan calculators can be used for a variety of uses like used car loans. With this calculator, you can usually enter your own interest rate for your loan.
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Top 10 Reasons to Buy a Used Car Vs a New Car

Buying a used car is a great way to save some money and still get the car you've been searching for. Whether you're constrained by your pocketbook or have certain automotive needs that must be met (such as a backseat for the kids or four-wheel drive for winter weather), today's used car options deliver almost everything new cars do and at a lower overall cost.1. DepreciationThe second you drive a new car off the lot, its value depreciates by as much as 20 percent. Studies show that most cars are only worth 60 to 70 percent of their original value three years after their purchase. When you buy a used car, all the depreciation has already been absorbed by the original owner.2. No Overpriced Dealer RepairsWhen you purchase certain makes and models of new cars, the parts covered under warranty aren't valid if you use your own mechanic. In these instances, your only choice is to return to the dealership to get your repairs done. This is basically the dealership's way of getting you into their shops with their overpriced service. When you buy a used car, you can get repairs done on your own terms.3. Save MoneyBuying used cars whether you are buying from a used car dealership, car classifieds, or online sites like Craigslist simply costs less money than buying new. New cars run an average of $25,000, while used cars are closer to the $10,000 range. If you're buying from a private seller, you might even be able to haggle the price down or barter to keep costs low.4. Save the PlanetWhile buying a hybrid car might seem like a great way to go green, it actually takes more energy to build a new hybrid than it does to buy a fuel-efficient used car. Every time a hybrid comes off the assembly line, it takes about 46,000 miles of driving before the car breaks even? in the amount of energy it saves through fuel efficiency. Buying a used car in the first place as long as it's not a gas guzzler will actually reduce your carbon footprint.5. Lower Car Insurance RatesCar insurance rates are higher for new cars than they are for used cars. The reasons are simple: new cars are more likely to be financed (and therefore need full coverage), and annual insurance rates can run as high as 20 percent of a car's sticker price. Buying a newer, more expensive model can end up costing you money for years.6. Higher Used Car StandardsThanks to new lemon laws and auto history check websites, it has become easier than ever to determine if a used car has undergone any major damage. Some used car dealerships also offer used car certification, which guarantees that they have been looked over and approved by a qualified mechanic.7. Avoiding Car DealershipsWhen buying a used car, you have a number of places to look. You can peruse car classifieds, visit eBay or Craigslist, or opt for a used car dealership. New cars typically only come from one place - the dealer - so you have limited options when it comes to salesmen and haggling over prices.8. Finding Good DealsOwners of new cars can be a pretty finicky set. Many people turn over their cars after one or two years simply as a matter of course, while others may decide that the monthly payments are too high to continue. If you take the time to look for quality used cars, you might find some incredibly good deals from individuals who are motivated to sell.9. More Bang for Your BuckWhen you drive a new car straight off the lot, you typically pay for every added feature. When you upgrade to include a sunroof, tinted windows, and a spoiler, you can leave with a total price thousands of dollars higher than the sticker price. Used cars with these same amenities might cost a little more than those without, but not nearly to the same extent.10. Used Cars can be just as Reliable if carefully inspectedAlthough buying a new car may seem like a more responsible choice, no car purchase is guaranteed to be hassle-free. Factory recalls, faulty parts, and required maintanence repairs can occur just as easily in a new car as they can in a used car. As long as you have your used car purchase checked out and you take good care of it, the overall reliability of your car can be just as good as a new car. Further, cars have also become more reliable with advances in technology.Buying a car - regardless of whether you choose new or used - is a major endeavor that can put a strain on your finances for years. Fortunately, most of the benefits of buying a used car have to do with money. As long as you take your time, evaluate your prospective purchases, and have a mechanic check out the used car before you buy it, you and your used car can spend many happy years together.

Get a New Car Loan

car loan is simply a way for you to go about paying for the car that you are looking to purchase. You are going to take out a car loan from a financial lending company and bring it to the car dealership with you. The reason for going about doing this is because the moment that you bring your own New Car Finance to a car dealership you are then considered what is known as any cash buyer in that you can buy the car pretty much out right from them just as if you are paying for it in cash in the first place. You can then you should car finance in order to either buy the car that you want from them or you can also use it to lease a car through them.

When you go about getting yourself a great deal on the type of used cars that is going to last you for a long period of time you might end up thinking that it's something that is based upon a roll of the dice or something to that extent. The reality is however that it really depends on each exact amount of time and research that you are willing to put in to in order to empower yourself with the knowledge that is required in order to get the best possible deal on a New Car Loan that you can get for yourself. The bad credit used car loan that you will end up getting for yourself really is going to end up helping you get a very easy to manage and budget priced because the monthly payments are going to be fairly lower than at what you would normally expect from a car dealership as well as the interest rates on it should also be considerably lower than what you would get from used car dealerships. The reason you and make sure that you do this actually correctly is because you not want to end up having to get locked in to why it is known as an upside down car loan. This is aware you end up having your New Car Loan being worth more than what the price on a used car but you are trying to purchase or are purchasing it is. You should not be afraid about this though because there are a few different things you can do that can guide you in finding yourself the best financial deal on a bad credit used car loan.