Financial Budget Planners Hopewell VA

People need to have a good understanding of what they can afford. Use your current payment as a base and decide whether you want to go up or down from there. You don't want to end up spending more than you can afford, and certainly no dealer wants to take back a car because you can't afford it.

VDOT-Richmond District Shop
(804) 524-6174, 001-2004
2400 Pine Forrest Drive
Colonial Heights, VA
Certifications
Blue Seal Certified
Membership Organizations
National Institute for Automotive Service Excellence (ASE)

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A Seredni Tire & Auto Center
(804) 271-6617
6445 Iron Bridge Road
Richmond, VA
Services
Auto Service & Repair, Auto Tire Shop Equipment & Supplies, Auto Inspection

Bottoms Bridge Tire & Auto
(804) 932-9920
3025 Pocahontas Trail
Quinton, VA
Services
Auto Service & Repair, Auto Tire Shop Equipment & Supplies, Lawn Mower Sharpening & Repair, Wheelchair Lifts & Scooters
Products
Sales, Service, Wheelchair Lifts

Island Import Service
(804) 649-2100
2001 E Main Street
Richmond, VA
Services
Auto Service & Repair, Brakes Service & Repair

All Tune & Lube - East End, Midlothian Tnpk., All Tune and Brake, Short Pump
(804) 276-9720
6812 Midlothian Turnpike
Richmond, VA
Services
Auto Engines Service & Repair, Auto Service & Repair, Auto Diagnostic Services, Brakes Service & Repair, Auto Air Conditioning & Heating
Payment Options
90 Days Same as Cash, With Approved Credit, (With Approved Credit),

Varina Automotive Service
(804) 222-2676, 001-2004
1611 Darbytown Road
Richmond, VA
Certifications
Blue Seal Certified
Membership Organizations
National Institute for Automotive Service Excellence (ASE)

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Alloy Wheel Repair Specialists
(804) 512-5795
11919 Carters Creek Drive
Chesterfield, VA
Services
Auto Service & Repair, Auto Customizing Conversion & Restoration, Wheels & Wheel Covers Retail

Cloverleaf Tire & Auto
(804) 745-2825, 001-2004
116 Turner Road
Richmond, VA
Certifications
Blue Seal Certified
Membership Organizations
National Institute for Automotive Service Excellence (ASE)

Data Provided by:
Automotive Concepts
(804) 276-9376
Richmond, VA
Services
Auto Service & Repair, Brakes Service & Repair

Crowder & Draper Transmission Service
(804) 541-8884
1502 Lynchburg Street
Hopewell, VA
 
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How to Put Yourself on an Automotive Budget

How To Put Yourself On An Automotive Budget By Brian Alexander, Content Editor

It's easy to go overboard when buying a car . Add a few convenience and comfort options and a slick set of wheels and suddenly you find yourself outside your automotive budget , making way higher payments than you originally intended. Not a good place to be.

Understanding what you can and, most importantly, can't afford and sticking to a pre-planned budget is the best way to avoid financial disaster when it comes to buying a new vehicle.

The first step in setting up a budget is obvious; determine the absolute maximum you want to spend on a car. It sounds simple, yet you might be surprised how many people have difficulty accomplishing this task.

"People need to have a good understanding of what they can afford. Use your current payment as a base and decide whether you want to go up or down from there. You don't want to end up spending more than you can afford, and certainly no dealer wants to take back a car because you can't afford it," says John M. McDonald of General Motors Finance.

Most people fail to create an effective spending budget because they forget all of the factors that contribute to the purchase price of a car. Remember, a vehicle's price isn't simply its base price. After options, taxes and fees, a vehicle can end up well north of its base MSRP, so it is important to consider associated costs in your final budget, especially when you will be making payments based on the final purchase amount for the next several years.

Options alone can be dangerous. In fact, we've driven cars with upwards of $10,000 worth of extras. The best way to safeguard against buying options you don't need or can't afford is to familiarize yourself with the vehicle you want.

Decide what options you want and then choose which of these you can really afford. Familiarity with the options list will keep you from making an impulsive decision when bargaining time comes around.

"A lot of research can be done online. Manufacturers offer 'build your own vehicle' options on their websites so that you can ascertain the price of the exact car you want. You can even break down the financing to see what the monthly payments will be like," continues McDonald.

Insurance, while difficult to factor into the lump sum cost of the vehicle, needs to be taken into consideration as well. Get quotes for the car you plan on buying so at the very least you can factor this into the total monthly cost of the vehicle.

Once you've arrived at a price you are comfortable with paying every month for the next few years, go to a dealer and see what pricing is offered on the car of your choice.

Also, as it's your money, ask if there are any current incentive programs - sometimes dealers have short-term cash-back or other offers available. Most importantly, if the price you are given is outside of your budget, don't be afraid to say no.

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