1. QUALIFY YOURSELF:
Want to save yourself a lot of time and aggravation? Before you begin to look for a vehicle, spend the time necessary to review your budget. Determine a target and maximum payment, and match it to the price of a vehicle that will fall within these ranges. In addition, find out how that payment fits into the qualification structure of the lending institution. In the majority of cases, your total debt load–including the new car payment–should be no more than 40% of your total gross income.
2. DETERMINE YOUR NEEDS
Before you go out on the search for the “perfect vehicle,” take time to determine exactly what your NEEDS and WANTS are, and most importantly, be sure … Read More