While you may be eager to purchase a Land Rover vehicle, this is not something to just jump into. Before you start the Land Rover financing process, it is important to think about your budget. Land Rover Jacksonville has three tips to help you make smart decisions.
What You Can Afford Right Now?
Financing involves borrowing money to buy your vehicle. The larger your loan, the more money you will need to pay back. This is why you should aim to supply as much as possible for your down payment, with the goal of getting to 20 percent of the sale price. This will trim thousands of dollars off your loan, which will end up saving you a lot in interest payments.
Consider a Trade-In
Even if the car you currently drive has seen better days, there is a strong chance that it still has good value. Be sure to find out what it is worth. You will then be able to use this to augment your down payment.
Focus on Your Monthly Expenses
For the duration of your loan, you will need to make monthly payments on your vehicle. It is vital that you don’t overextend yourself, and you can do this by thinking about your income. A general rule to follow is to not exceed 10 percent of what you make every month for all car-related purchases.
Start the Land Rover Financing Process in Jacksonville, FL
Once you have your finances in order, it is time to start the Land Rover financing process. Land Rover Jacksonville makes this simple. Just fill out our online application to get pre-approved for your loan. If you have any questions or concerns, contact us, or visit our dealership for a test drive!