Have been endlessly counting all the coins in your piggy bank? As you prepare to buy a new vehicle, it may seem like a tireless process trying to figure out your budget. We’ve outlined some of the key things to consider so when you’re ready to buy a new vehicle from our Ford dealership near Fort Worth, TX, you can do it confidently.

Set a Monthly Budget

You can estimate your monthly payment using the calculator tool found on our website; it asks for values for elements like the down payment, APR (interest rate), and term length. Keep in mind, your interest rate will vary depending on your credit score. We also often feature Ford specials that can affect your payments too, and a higher down payment typically equates to a lower monthly payment.

Get Preapproved

No matter what your monthly budget may be, you have to get preapproved for the total cost of the car you want. You can determine your eligibility by filling out a credit application; we provide a credit estimator tool on our website for your utilization. If you get approved for a smaller amount than you planned, you may want to consider one of our pre-owned Ford vehicles or leasing for a lower monthly rate.

Do Your Research

Now that you know what you can afford, you can determine what you want. What type of vehicle are you interested in? What size does it need to be? Do you care more about torque than fuel efficiency? Do you prefer payload capacity to cargo space? Narrow down your options, but don’t limit yourself to just one. You still want to test drive a few models to see which one you feel most comfortable in.

Ready to get into the vehicle you’ve been planning and saving for? Let us help at Karl Klement Ford. Come take a test drive today!