There are plenty of great luxury vehicles to choose from here at Keyes Lexus, but you need to make sure that the model you choose is one that won’t bust your budget. Fortunately, the Lexus financing experts at our dealership can answer your questions about vehicle costs. That way, it will be easier to find a car that you can easily pay off every month.
Know Your Monthly Budget
Obviously, you need to know how much room there is in your monthly budget for a new vehicle. Keeping your loan or lease payment under that amount is a necessity. Otherwise, you could end up overextending yourself financially and ending up with more debt.
Keep Other Ownership Costs in Mind
You also have to remember that your payment on the car itself isn’t your only expense. You have to factor in additional costs like fuel, insurance, and maintenance fees as well. All of these costs of ownership add up, so leaving some wiggle room in your budget is a must.
Adjust Loan Terms
You should also know that you can often adjust the terms of your loan. For example, opting for a longer loan term can result in a lower monthly payment. Just be aware that such an adjustment can affect how much interest you ultimately pay out.
Remember Your Trade-In
If you have a car to trade in, make sure that you’re considering that when you budget for a new vehicle. The Value Your Trade tool on our website can give you an estimate of how much your current car is worth. That way, you can see if your trade-in can account for a significant amount of your down payment.
Consider Financing a Pre-Owned Model
If a new Lexus model seems to stretch your budget, you can always decide to finance a pre-owned luxury car instead. There are plenty of great options available at our Lexus dealership near Glendale.
Whether you’re looking for a stylish sedan or a spacious SUV that the whole family can enjoy, our luxury car dealers will help you find a vehicle that fits into your budget!
