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Choosing a Car for Your Budget

There’s no denying the thrill of buying or leasing a new car. While it’s easy to get yourself wrapped up with the engine specs and technology features, choosing a car for your budget is equally important in ensuring a wise investment.

At Faulkner Auto Group, we’re dedicated to helping drivers near Harrisburg, Mechanicsburg, and Trevose secure the best available rates and terms for their next purchase. To learn a few useful tips, continue reading our guide before scheduling a visit today!

What Kind of Car Will Fit My Budget?

Whether you’re looking for the best cars under $10k, the best cars under $20k, or even higher, the first thing you should do is determine exactly what kind of budget you’re comfortable with. Financing a new or used car is a long-term investment, so make sure you choose a price range that you’ll feel confident paying for at least 5–7 years.

One way to help map out your future is by using the dealership’s online payment calculator. Simple to navigate, this tool lets you enter the car’s information, your preferred down payment, term length, and the value of your trade-in to receive an initial estimate.

What Are the Benefits of Leasing?

car dealershipGreat for those who aren’t interested in a long-term investment, leasing is often an affordable option. Depending on your specific needs, a typical lease lasts between 24–36 months, which often results in lower monthly payments for the driver. After all, you’re only expected to pay for the length of the lease—not the total value of the car.

Once the leasing period ends, drivers have the option to return, renew, or upgrade to a newer model and trim. Additional benefits include fewer maintenance costs, extended warranty coverage, and the ability to drive a nice car at a lower monthly rate!

How Do I Determine the Right Type of Car?

Once you figure out your ideal price range and monthly budget, the next step is to determine what type of car to buy or lease. One of the easiest ways to start is by asking yourself: “Which car best fits my lifestyle?”

Are you someone with a long commute into the city? Perhaps a fuel-efficient sedan or hatchback is your best option. Do you have a growing family with a lot of stuff to move around? In that case, you might benefit from a dependable pre-owned SUV or minivan.

Determining your needs vs. your wants is a simple way to plan for success. Sure, a luxury sports car might look great now, but will it be the best car to own five years from now? If not, you might want to consider a different model and trim.

There’s also the question of operating costs on top of your monthly payments. Make sure when you’re planning that you also take into account things like gas, insurance, etc. Some additional questions you should ask yourself include:

  • What’s my current parking situation?
  • Do I need this car for long-distance travel?
  • How much space do I need for extra passengers?
  • Will I need this car for towing?

Visit Our Finance Center Today!

At Faulkner Auto Group, we’ve helped tens of thousands of drivers throughout Harrisburg, Mechanicsburg, and Trevose finance and lease the car of their dreams, and we can’t wait to do the same for you.

If you need help choosing a car for your budget, stop by one of our convenient locations or schedule an appointment today!