Financing a New or Used Car in 2016

How to Finance a Car Purchase

Buying a car is likely the second most expensive purchase you’ll make in your life. That’s why it’s incredibly important, especially in 2016, to do proper research. Financing a car isn’t what it used to be but fortunately we here at Bates Nissan know all about financing a new or used car!

  1. Budget – Cars come in all shapes, sizes, and, most importantly, prices. There’s little point in financing a new or used car if you can’t afford the monthly payments. As a general rule, limit your monthly payment to a quarter of your monthly income.
  2. New or Used? – While new cars are shiny and feature that coveted new car smell, used cars can offer the same features with a few extra miles and a lower price. Determine whether a new car is worth the extra money before financing.
  3. Test Drive – Once the research is done, it’s time for the hands-on approach. Take a test drive in the vehicle and make sure you’re comfortable. Unleash your inner child and play with all the switches, dials, knobs, and buttons to your heart’s content. If, at the end, you’re happy, sleep on it and then make your decision.

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