There’s nothing like the feeling of driving off the lot of Fields Mazda of Asheville in a brand-new Mazda car or SUV. However, before you get to that point, you will need to figure out a way to pay for your vehicle purchase. While some drivers may opt for paying upfront in full, the majority choose to work with Mazda financial services on an auto loan. Here’s an overview of how to budget for your new car purchase.

Determine Your Overall Budget

First of all, consider how much you can afford to set aside each month for your car payment. Think about your income, expenses, and savings to determine how much you can afford. Most finance experts recommend not exceeding 10 to 15 percent of your monthly income on your car payment.

Consider a Trade-In

Most new car buyers are purchasing a new car to replace an existing car. If this is the case, consider trading in your vehicle at our Mazda dealership. Our Mazda trade-in program is seamless and easy, and we use the Kelley Blue Book Trade-In Value to ensure that you get a fair value for your car.

Don’t Forget About Maintenance

The monthly costs of owning a car include more than just your monthly car payment. In addition to the initial costs of the car and the monthly payment, you should factor in the cost of regular maintenance and any parts that you decide to purchase, along with gasoline and insurance costs.

MAZDA Financial Services Can Help Get You Behind the Wheel

Now that you have a better idea of how to budget for a new car purchase, have the professionals at our Mazda financial services center help find a loan that is right for you. Stop by Fields Mazda of Asheville today.

Categories: Finance

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