If you're buying a new car, you need to make sure that it fits into your budget. When you get a loan from our auto finance department, you have a financial obligation that you will need to keep a handle on for years, so budgeting correctly and not overspending is ideal when you buy from Heritage Chrysler Dodge Jeep® RAM Harrisburg.
Breaking Down the Costs
A general rule is that you should only spend around 15% of your take-home pay on your car and its assorted expenses. So, if you have $4,000 after a month of work, you should only be spending about $600 on your car.
However, your car payment isn't the only thing to worry about. There's your insurance coverage and your fuel costs. You also have to remember other fees, like your state registration. When you add all these expenses up, you want to make sure that you're spending less than 15% of your money on your car.
If you have other significant debt, like student loans or a mortgage, then you may want to spend even less than that. You always want to have other money set aside for emergencies, automotive or otherwise.
How We Can Help
Our Chrysler financing department offers a few tools that can help you figure out how a car fits into your budget. Our payment calculator can tell you how much you can expect to spend on a car each month, so you can do some math and make a budget. We can also guide you to used cars that might better suit your current financial situation.
If you think you're ready to buy or lease a new vehicle, come check out our selection of Jeep SUVs and RAM trucks for sale. Our new car dealers in Harrisburg are ready to help you find a vehicle that offers the features you need, at the right price.
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Finance