Did you know that you can determine your budget and get your financing questions answered before ever stepping foot into O’Brien Hyundai of Fort Myers? Figure out what you want to pay, and you’ll be prepared to find a fantastic 2019 Hyundai Sonata without any financing surprises. Our Naples Hyundai dealer offers these suggestions for budgeting for your new car.
Will you trade-in a vehicle?
Start by asking yourself if you’ll put down a down payment or trade-in a used vehicle. In both cases, you’ll reduce the cost of financing. This results in a lower monthly payment. Most dealerships use the Kelley Blue Book for trade-in estimates. For maximum savings, trade in your current car and add a down payment. This way you’ll save hundreds over the life of your loan.
Estimate your monthly payment
Next, you’ll want to consider how different models and loan terms affect your monthly payment. Use an online payment calculator so you can get estimates on your favorite models. Type in the amount of the vehicle then subtract the amount of your down payment and trade-in value. Play around with various loan terms and annual percentage rates. Try different combinations until you find a loan estimate that fits your budget.
Lastly, don’t forget to factor in the cost of insurance, registration, gas, and other various fees. This can add quite a bit to your monthly car costs, so it’s important to know them up front.
Stop into O’Brien Hyundai of Fort Myers
By preparing your budget before your dealership visit, you’ll be able to test drive models in your price range. If you have any questions about securing a loan or want to test drive a new 2019 Hyundai Sonata, then stop into our Naples Hyundai dealer.