How Much Car Can I Afford In Atlanta

July 9th, 2021 by

How Much Car Can I Afford In Atlanta

Whether you are looking to buy a new or used car, it’s important to understand how much car you can afford in Atlanta. The monthly cost of owning a car does not end with your car payment. There are other costs that need to be considered such as insurance, registration, fuel costs, and maintenance. Setting a budget before you buy your next car can help you understand exactly how much car you can afford. You can use online tools to estimate your car payments and make sure they fit within your budget.

Consider Buying A Used Car vs. A New One

There may be a way to buy the car you have always wanted at a price you can afford if you consider buying a used car versus a new one. New cars will lose about 30% of their value in the first year of ownership. This means that oftentimes you can buy the same car, gently used, for a lot less money. Certified pre-owned vehicles are a good middle ground between new and used cars. They are less than 75,000 miles, have been reconditioned to be as close to new as possible, and come with impressive warranties. Yet, they carry a lower price tag than when it was a new car a year ago.

Get The Best Car Financing In Atlanta

When it comes to getting a loan for your next vehicle, you want to get the best car financing you can in Atlanta. You can get pre-qualified through your bank. Oftentimes, a dealer can beat that rate, if you arrive with a deal in hand. You will also want to know the value of your trade-in, if you have one. This can be used as a down payment and reduce your vehicle loan amount. It can also save you the hassle of selling your car privately. Purchasing a new or used car is a big financial commitment. Make sure you are prepared for it and it is one you can afford.

Understand The Other Costs Of Buying A Car In Atlanta

Aside from the payment, there are other costs associated with buying a car in Atlanta. You will want to be sure that you know and can afford the cost of insurance, registration, regular vehicle maintenance. Again, choosing to buy a used car can save money in these areas. Insurance and registration can often be lower with a pre-owned vehicle over a new one. As for regular vehicle maintenance, the best way to avoid a large repair bill later is to make sure your vehicle gets regular, scheduled maintenance.

I Know How Much Car I Can Afford In Atlanta. Now What?

Now that you know how much car you can afford in Atlanta you can find the right vehicle at a price you know fits within your budget. If you have any questions, we will be happy to discuss them with you when you contact us. You can apply for financing, value your trade and calculate your payments from the comfort of your own home. When you have chosen the new or used car you can afford from our dealerships serving Atlanta, you will be ready to buy knowing you can afford your next car.