At Fields Motorcars Orlando, we’re always here to ensure you will be prepared for any eventuality found when budgeting for a new automobile.

If you’re planning on financing your new car, you need to be aware that the sticker price is affected by other fees not included in that number – sales tax, registration and title fees, and whatever warranty or extended warranty you choose to take advantage of. Of course, you also need to be aware of the other costs your vehicle will accrue – insurance of course, but also maintenance and repairs if needed. Yearly registration is another factor to take into consideration as well.

All of these factors go into figuring out what your monthly payment will be for a particular car. And this is where you need to ensure that your budget can handle that. Many experts agree that a total monthly payment should be no higher than 20 percent of your gross income, so using that as a guideline is handy. Make sure you are figuring in insurance and fuel costs as part of that number as well so you don’t overlook it.

When you’ve got a number in mind, it’s time to consider a down payment. The bigger your down payment, the less you’re going to pay monthly, and the less you will pay in interest in the long run. If you’re looking for a way to lower your down payment further, consider trading in your current vehicle. It’s an ideal way to add more to your down payment without needing to take more money out of pocket.

And when the time comes, our expert finance department at Fields Motorcars Orlando will provide you with some of the best deals on your new or certified pre-owned luxury or exotic car. Come in today for a deal on a vehicle that will truly refine your driving experience.