When looking for a new vehicle, there are several things to consider if you’re planning on financing instead of buying flat-out. So today, Jake Sweeney Kia wants to show you how you can create an effective new car budget to get the vehicle you want, at a price you can afford.

When you start your research for your new car, you need to realize that the price you’re seeing on the sticker is not the total price you’re paying for the car. Hidden fees like title and registration, as well as sales tax causes the price to creep up, and any kind of extended warranty you get will also drive the price up. It’s worth it, but it’s something you need to be aware of. Likewise, you also need to take the secondary costs into consideration as well – things like car insurance, fuel costs, registration renewals, maintenance and repair costs – all things that should at least influence your selection process while researching vehicles.

Your down payment is something you need to consider when getting your monthly payment set. The bigger it is, the less you’re paying in interest over the life of your car loan, and the less overall you’re paying per month anyway. If you have a vehicle to trade in, consider doing so with the down payment you were already planning on adding in. The two will combine for a much more generous down payment, and save you a pretty decent amount of money down the line.

And when you’re ready to get things moving, come into Jake Sweeney Kia for the best deals on your new vehicle. Our expert Kia finance department is here to help you get the best price for your vehicle, whether new or used. See you soon!