Car Buying Tips
How to buy an automobile
When you are ready to buy your automobile include all of what you will be paying not forgetting the dreaded hidden costs. When you look at the sticker price of the automobile you should think about a few very important factors before signing on the dotted line.
Depending what state you are buying your car in the state sales tax will on average be around 6%. An automobile that costs between 25,000 to 30,000 dollars you will pay somewhere around an additional $2000.00. Figure in your taxes as an additional cost to the actual agreed price of purchase. Some states charge an additional luxury tax for high-end automobiles.
Miles to the Gallon
How many miles a year on average do you drive? What type of automobile will you be buying? Are you buying an economy automobile or a large SUV? You know gas prices are soaring at this time. Figure your average weekly mileage and divide by the miles to the gallon of your vehicle. Multiply your weekly gas cost by four to determine the monthly gas costs. This will give you an average cost of gasoline on a monthly basis. If you are buying a larger SUV this may be an extremely important fact on your checkbook.
A new car means larger insurance payments. All loans require full coverage by the loan company. The more expensive your car the higher the insurance; always contact your auto insurance company for your rates on the vehicle of interest. This auto-buying tip will make a big difference on your choice of automobile.
Other general costs:
When buying an automobile consider all of what has been discussed above. These valuable facts will determine affordability of your personal finance situation. There are many manufactures that offer 0% financing for people in Good credit standings. So do your research and make the right decision!
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