How to Determine Your Car Budget

toy car on piles of coins

As rewarding as buying a car can be, it adds a big expense, so it's important to determine a budget that's right for you. Since car payments are likely to be the next biggest item in your monthly budget after your mortgage or rent, it's important that you take time to calculate and determine a budget that works for you. While the vehicle price is a major factor, there's a little more to it than that.

Here's a quick rundown of the total expenses to consider when determining your car budget:

Determining a car budget will help focus your decision making during the car buying process. If you've already calculated a budget but need help getting approved for financing due to having bad credit or no credit, Credit Acceptance can help!

Just fill out this brief form on our website and we'll connect you with a car dealership in your area that can help you get approved for your next vehicle!

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