With all the thrilling new and pre-owned Mazda cars here at Fields Mazda of Asheville, now is a great time to start thinking about what car is right for your needs and wants. If you know you want a car but do not know how much you can afford to pay, it’s worth the time to do some budget research. At our Mazda financial services center, our team of professionals is happy to help you plan out your vehicle budget.
Total Price
When calculating the total cost of your vehicle, remember that it’s more than just the sticker price. It also includes the following costs:
- Title and registration fees
- Sales tax
- Car insurance
- Available upgrades
- Optional extended warranties
- Future costs, such as fuel, maintenance, and repairs
Car Trade-In
Here at Fields Mazda of Asheville, not only do we sell a wide selection of new and pre-owned cars, but we also will buy your used car. Remember to consider the trade-in amount when you’re making your budget and utilize our online trade-in tool to help estimate your car’s value. A pre-owned vehicle in good condition can make a serious dent in your monthly payments.
The 10 to 20 Percent Rule
One commonly used consideration in the auto finance process is the 10 to 20 percent rule. For buyers who wish to be frugal, you’ll want to devote around 10 percent of your income toward your vehicle. For instance, if you make $4,000 per month, you will want to devote about $400 per month toward your monthly payment. For some drivers, the 10 percent can be stretched out to 20 percent, but your car payments shouldn’t exceed this number.
For more budgeting tips or to view our large inventory of Mazda vehicles, pay a visit to Fields Mazda of Asheville. Our friendly professionals are ready to get you behind the wheel today!
