Do you know what to budget for when it’s time to shop for a used car?
A lot of people think they just need to take the price into account – after all, what more do you need to pay for once you’re in the driver’s seat? However, ownership costs are more than just the price of the car. Toyota of Clermont is here to help you consider the whole picture when it comes to buying a used car and figuring out how it’s going to fit into your monthly budget.
1) Price and monthly payment
A lot of people fixate on the price of the car overall, but remember – if you don’t buy the car outright for cash, then you’re going to have to factor financing into your monthly car payment, too. Make sure that you can afford the interest that goes along with financing a vehicle before you sign the dotted line.
How much is it going to cost you to gas up your car every week? If your budget is tight, opting for something more fuel efficient is your best bet. Remember, you have to fuel up to get anywhere and there’s no compromising on the price of gas. Decide what works for your budget and ensure your car’s fuel needs fit into it. You don’t want to be stuck in a pinch because your truck requires too much fuel to get anywhere but work and back.
3) Car insurance
A lot of people forget that you have to insure a car once you own it. In fact, it’s illegal to drive a vehicle without auto insurance! Some cars are more expensive to insure than others, so get a quote from your insurance company and be sure to tack on the premium when you’re calculating your monthly car ownership costs. It’s always a good idea to shop different insurance companies to ensure you’re getting the best deal out there, too.
Car maintenance is a big part of car ownership and some cars just cost more to take care of when it comes to routine auto service. Make sure you think about your future car’s maintenance costs before you sign the dotted line. Also, since you’re buying a used car, you should check to see if any major maintenance is due that’s going to cost a lot of money; you may be able to get it written out of the cost of the car.
Come on in and start shopping today. Our sales specialists can help you find the right ride at the right price, and can also help you calculate the other costs discussed above to ensure your overall budget is going to remain intact!
Toyota of Clermont is conveniently located just off the Florida Turnpike at 16851 State Road 50. We’re open seven days a week until 10pm, and you can call ahead to learn more about our used car deals AND set up your test drive appointment at (352) 404-7000.