There’s dust in your wallet. It puffs out in delicate little waves as you pry open the pockets - and you wrinkle your nose, reminded suddenly that your finances are perhaps not the most steady. You have limited funds and equally limited patience; and now you wonder if you can even afford that used car sitting so prettily on the lot.
The Sound Ford Renton team believes that every consumer should be fully aware of the purchasing process when considering used vehicles. We offer a wide selection of SUVs, pick-ups, sedans, and more - each intended to deliver the best performance and the best value. With those values, however, still comes a series of costs; and we urge every driver to examine their budgets with care before committing to a powertrain.
Thinking about buying a used car in Seattle? Create a financial checklist first:
One: What is your total income?
Two: How much of that income is already allocated to current expenses (utilities, rent, food and beverages, etc.)?
Three: How much of that income is needed for savings accounts, investment plans, and other financial commitments?
Four: How much income remains?
Five: What will be your maximum down payment (20% is traditionally recommended to secure improved interest)?
Six: What additional fees will be required? State licensing, state registration, title?
Seven: How much insurance can you afford?
Eight: How much gasoline will be needed per week?
Nine: Will you incur parking fees per week?
Ten: Will your used car require aftermarket upgrades (not covered by manufacturer warranties)?
By answering these questions, you can more efficiently gauge your monthly expenses - and whether those expenses will prove too great. Should you still find yourself uncertain of whether you can afford a used car, contact the Sound Ford Renton team. We’ll navigate you through every purchase and will also provide financial aid options to ease your concerns.