At Shea Buick GMC, we’re dedicated to making the Buick finance process as smooth and easy as possible. That’s why we offer tools and resources to help you every step of the way, including an online finance application, payment calculator, and trade-in vehicle value estimator. It’s also why we’re sharing top tips for budgeting for your next car, so you can get started today.
Use the 20/4/10 Rule
One of the best ways to begin setting your new vehicle budget is by using the 20/4/10 rule. It recommends that you put down 20 percent of the vehicle’s value on the day of purchase, which can be a helpful starting point for determining which models are available to you. It also recommends paying the vehicle off in four years, and spending no more than 10 percent of your monthly income on total vehicle costs.
Check Your Credit Score
A very influential factor in the new vehicle purchasing process is your credit score. It gives lenders a better idea of how reliable you are to lend to, which is why drivers with higher credit scores typically have better term options available to them. You want to check your credit score early on, so you know where your baseline is, and so you can take the time to raise it, if needed.
Trade In Your Vehicle
If you’re interested in trading in your current model, you can expect to see significant savings on your next car. When you trade in, the value of the traded-in vehicle is deducted from the down payment of the vehicle you’re looking at, which means you’ll end up with lower monthly payments. You’ll also see savings on sales tax, as trade-in vehicle value is deducted before the sales tax is calculated.
Kickstart the Buick Finance Process in Flint, MI
When the time comes for the next car, look no further than Shea Buick GMC. We carry the models you’re sure to love, at the right price for any budget. Get started on the financing journey with help from our team.
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Finance