While it may seem appealing to select your dream car and accept the price sticker that comes with it, the best way to go shopping for a new Nissan vehicle is to create a budget ahead of time. With a quick calculation of how much you can afford to spend, you’ll be much more confident going into your Nissan finance application.
Calculating Your Budget
First, begin with your monthly take-home pay after taxes. Make sure to subtract debt payments from this amount, including credit card bills, student loans, and other charges. In an optimal scenario, you will only spend between ten and fifteen percent of your real monthly income on transportation, so calculate how much that would allow you to pay on a new Nissan.
Financing
Most new cars are bought using a loan. If you’re planning on paying for your vehicle through a loan, make sure you know your credit history. Your credit score will help determine what interest rate you will pay on your loan, so a lower credit score will lead to you paying more per month—or, if you’ve budgeted correctly, will limit which vehicle you can afford to purchase in the first place.
Remember, as you near the final steps of acquiring your car, that taxes and fees will be added at the end of the process. The sales tax in Bedford is 8 percent, so you should expect to see that added to the sticker price. Registration fees, documentation fees, and other small charges may also be necessary.
Visit Bedford Nissan for Your New Car Financing Needs
Once you’ve worked out how much buying power you have, come down to Bedford Nissan. We’ve got a great selection of new Nissan vehicles for every budget. Schedule an appointment or stop by our Nissan dealership near Boston today!
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