Begin your new year with a new ride! For all of your vehicle purchase needs, Milledgeville State Bank is here for you and your financial needs. With so many options to choose from how do you know what the right selection is for you? Try these handy tips to get the most out of your next auto purchase.
Determine if you want a new or used vehicle.
Many auto dealers today offer both new and used. While new can offer updated technology and the assurance of no prior owners, choosing a used vehicle can drastically diminish cost and offers a comparable quality with moderate mileage.
Decide on a budget and a timeline.
When choosing the right vehicle to purchase, there are many questions to help you research which may be best on your pocket book in the long run.
-How long do you want to drive this vehicle?
-What does your budget allow you to spend for the down payment and installments?
-When do you need your vehicle by?
-What type of MPG do you need to keep gas costs within your overall budget?
-How long do you want to be paying the loan off? (0-5 years)
With these questions in mind you can better view the credentials needed for the ideal vehicle for you and your family.
Save your down payment.
Speak with one of our lenders to confirm your auto financing needs and decide on an appropriate down payment amount. As a general rule 20% of the final cost of the vehicle is ideal, however depending on your personal finances a lower percentage may be available to you. Be sure to include any maintenance work, tires, or other repairs a car may need in the overall cost.
Talk to us!
If you have any questions or want to begin the process of auto financing call or stop by today. We’re happy to help, and look forward to making you auto buying dreams a reality.
Practice good car maintenance.
After purchasing your new vehicle you’ll want to keep it prepped and ready for the winter! Try some of these quick tips to keep your car safe and warm this winter.
- Warm up your care before you go to work to make scraping ice easier.
- Rotate your tires to ensure a stronger tread on tires.
- Keep a winter emergency kit in your vehicle, just in case!
- Maintain a full gas tank when possible to avoid freezing gas lines.
Keeping up with auto maintenance can save you big money in the long run, just like staying on top of your money! If you’re curious what’s in your budget for an auto loan stop by today!