Shopping for a used car? How to establish a realistic budget

1. Shopping for a used car? How to
establish a realistic budget
• Being a first time car buyer is never easy.
• You feel intimidated when asked questions by
the used car dealer because you can’t have
straightforward answers to some of them.

2. Used Car Dealer

3. Buying a Used Car
• Sometimes you don’t even know the type of
car you want to buy.
• If you are more inclined to buying used cars,
we’ll give you some tips on how to set the
right budget.

4. How much can you afford per month?
• This will depend on your cost of living. You
need to deduct your expenses such as food,
shelter, insurance and other costs and figure
out if much is left to pay for a car.
• And don’t just consider car payments, there
are other costs of owning a car such as fuel,
maintenance and car insurance that you also
need to take into account.

5. How to Cut Down on Car Costs
• First things first, you’ll need to take an affordable
car loan.
• You can take lower monthly payments; the only
downside is that you may end up paying a higher
interest rate.
• The other thing is to choose a car that is cheap to
own.
• A car that doesn’t require lots of repairs,
maintenance demands are low and consumes a
reasonable amount of fuel is most ideal.

6. Car Loan