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In the market for a new car but not sure if you can swing the monthly payment
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The biggest factor in what you'll pay every month is the purchase price
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Plus, you'll need to factor in the taxes, title, and fees on top of that
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The best way to lower the monthly payment on your new car is by making a sizable down payment
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The more you put down, the lower your payment. Then there's the interest rate
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Of course, the lower the interest, the lower the payment as well. Even a 1% difference matters
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Your credit score can help secure a lower interest rate. The higher your score, the better your chances at negotiating your rate
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Next is the loan term, how long you'll have to pay off your loan. A longer term may lower your payment, but you'll pay more in interest over time
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So choose a term that fits your budget while paying off your loan as quickly as possible
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A great way to see what your payments may be is to use an online auto loan calculator for a quick estimate
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because the pro move in car buying at the dealership is to know before you go
