One of the best aspects of new Hyundai cars is their price-to-quality ratio, as not many automakers deliver on the same high-end luxury features while keeping their prices so low. Even with the affordability that comes with Hyundai cars like the 2019 Hyundai Santa Fe, buyers still have to be able to fit a new car into their budget. Here at our Hyundai finance center, we know that budgeting for a new car can be tricky, which is why we’re offering these budgeting tips to buyers.
Think About More Than the Sticker Price: The sticker price is only one component of a car’s total price. In addition, consider things like the sales tax, title and registration fees, and optional costs like extended warranties. Additionally, you’ll want to think about adding accessories, insurance, gas, regular maintenance, and repairs.
Down Payment: While some buyers can afford to pay the entire cost of a car upfront with cash, the majority need to take out a financing plan. The more money that you can put down on your down payment, the lower your monthly payments will be, so make sure to set aside as much as possible.
Monthly Payments: In addition to your down payment, you will need to set aside some space in your budget for monthly payments. These payments will include principal and interest, and things that affect your monthly payment are loan term, interest rate, and down payment.
Used Car Trade-In: Remember that our dealers will purchase your used vehicle when you buy a new one from us. This is a great way to save some money on a new Hyundai vehicle.
For more helpful budgeting tips, talk to a finance rep here at Lester Glenn Hyundai Toms River.