Creating a budget consists of subtracting all your monthly expenses from your monthly salary. If you are looking for a new vehicle, the leftover money is the max that you can spend on a monthly vehicle payment. Knowing that number is important when you go to a dealership, not only does it make sure that you can actually afford the vehicle you want, but it simplifies the experience by letting the salesperson know which vehicles they can show you.
When considering expenses, make sure to include your rent or mortgage payment, current debt, food, other miscellaneous payments, and a chunk to put into your savings. Staying on top of your financial situation can make sure you don’t end up digging yourself into debt.
For a selection of impressive vehicles, come over to Lithia Ford Lincoln of Boise. The new vehicles in our inventory are varied enough that we are sure you can find what is perfect for you, and our team will make sure they are in your budgeted range.