| Buying a car can be quite a process. Not only do you | | | | choosing the type of vehicle you are looking to |
| have to find a car you like and haggle for the best | | | | purchase. And don't forget gasoline expenses!If money |
| price, you have to worry about how you will pay for it. | | | | is an issue for your family, a used car is really the best |
| So many people have such high car payments that | | | | deal out there. New cars depreciate so quickly within |
| they struggle to pay their bills. They fall back on credit | | | | the first two years. A used car really is a better deal. If |
| cards. They think that the cards are the problem, when | | | | you really want a new vehicle or are concerned about |
| in fact the car payment is at the foundation of their | | | | warranties, look for a vehicle that really holds its value |
| troubles.When you are looking to buy a car, you need | | | | well.You need to know how to handle yourself when it |
| to know how much you can really afford to spend. | | | | comes to financing. You should always be prepared. |
| You should spend no more than 15% of your after-tax | | | | Go home and work out the figures before you sit |
| monthly income on your car payments. Your car | | | | down with the finance manager. Know if the rebate or |
| payments shouldn't exceed this amount.If your family | | | | low interest rate is a better deal. Look closely at |
| must have more than one vehicle, focus on having one | | | | choosing the shortest loan as possible. If you can pay |
| good family vehicle that has a loan on it and one that is | | | | off the loan in 36 months, you are choosing the best |
| paid off. Two car payments at once are really pushing | | | | financial option.Be careful when buying a car. If a |
| it for most people. For example, if you make around | | | | manager pushes you to move too fast, walk away for |
| $40,000 before-taxes each year, you shouldn't be | | | | a while. Slow things down and really let the numbers |
| spending any more than $400 a month on your car | | | | add up. Don't let them change the numbers around for |
| payments. That doesn't get you to far.Keep in mind | | | | tax purposes (to save you money). Take your time |
| that there is more to a car than the monthly payment | | | | and make sure that you are getting what you |
| for the loan. You will also have insurance to pay for. | | | | want.Martin Lukac represents an Internet consumer |
| This can vary depending on the make, model and your | | | | banking marketplace. is a destination site of personal |
| area. Some vehicles also have higher repair and | | | | finance, investing, taxes and mortgage rates. provides |
| maintenance costs. Consider these costs when | | | | mortgage guides and financial rates and information. |