If you’re ready to buy a new car, there are a few things to consider. Buying a new car is a milestone in one’s life but requires planning. You need to know the financial commitments compared to your current income level and you need to set a budget. Knowing how to budget is easier with the help of Bentley Financial Services. This guide will help you better understand what’s required when you make a new car purchase from Fields Bentley Orlando.
Understand Your Finances
Knowing how much you can pay for a new car means determining how much money you make after taxes and after all your monthly expenses. That includes mortgage payments, utilities, groceries, and credit card or other loan payments. It’s important to not spend beyond your means or get a loan you may struggle to pay back. This requires making a budget.
Create a Budget
Once you have an idea of your finances, the next step is creating a budget for making timely payments on a new car loan. When budgeting for transportation, consider all related expenses such as fuel, insurance, and maintenance costs in addition to the monthly loan payment. After purchasing the vehicle, track expenses and adjust your budget accordingly.
Consider Your Financing Options
Work with your Bentley auto dealer to explore all your finance options. Determine what the down payment will be as well as the annual percentage rate (APR). A larger initial payment lowers monthly payments and interest rates. Go over the loan terms so you understand the duration of the loan. Compare multiple offers. Your dealership may have the best terms available.
Explore Auto Financial Services in Orlando, FL
The last step is to choose your new luxury sedan, grand tourer, or SUV from Fields Bentley Orlando. Our sales professionals are here to help you with your decision. Bentley financial services are also available at every step of the loan process. Contact us today to get started!
