think about the expenses of automobile ownership — such as for example gas, regular upkeep, automobile insurance, and any parking costs or property taxes — and factor them into the spending plan.

It could be tempting to extend your loan term to six or seven years in return for a diminished payment that is monthly. But remember that a longer loan term means you might wind up having to pay more in interest throughout the duration of the mortgage — and also you raise your threat of becoming upside down on your own loan, that could produce some challenges when it is time for you to offer or trade in your car because you’ll owe a lot more than it’s worth.

更多…