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Ensuring an Affordable Car

Ensuring an Affordable Car

When it comes time to consider that new-to-you used car purchase, it is important to consider expenses beyond the sticker price. A vehicle purchase is more than a monthly payment, and it needs to be budgeted for. There are many costs to owning and operating a vehicle, beyond the regular payment, that should be kept in mind at the time of purchase.

Since every vehicle is as unique as the buyer, taking the time to understand the operating costs of a vehicle can save you money in the long run. Many people have made a used car purchase based on a gut feeling, only to find out later that the additional expenses of owning a particular vehicle are problematic. Before making the decision to move forward with your used automobile purchase, consider the following additional expenses related to an auto purchase:

    • FUEL ECONOMY: One expense of owning a car or truck is the cost of fuel to run it. With gas prices constantly in flux, and more often in an upward trend, understanding and calculating the gas mileage along with your regular amount of driving miles can help save you money. While the SUV may have amazing features, and you would look great buying it, it may not be practical for your daily commute.

 

  • REPLACEMENT PARTS/TIRES: It is inevitable that every vehicle purchased will need servicing at some point. Some vehicles use easy to find, almost universal parts while other vehicles may require out of production, hard to find parts. Also, the size of the tires required to safely operate a vehicle can range in prices. Smaller tires are generally less expensive than larger ones. Knowing this before you purchase your vehicle can save on future repairs and maintenance.

 

 

  • INSURANCE: Insurance is based on the value of the vehicle. This can make variations in insurance premiums drastically different from one vehicle to the next. Before finalizing your purchase, checking with your insurance carrier to see if there will be a change to your premium can save you from making a costly mistake.

 

 

Buying your new used automobile is only one part of the budgeting process. Keeping these tips in mind, provided courtesy of Auto City, can ensure that you’ll not only be satisfied with your new car or truck but that owning it won’t break your bank account. If you’re in the market for another car, be sure to stop by one of our locations in Dallas or Lancaster, TX so we can help you find the perfect fit!