How To Budget For An Auto Payment

Buying a vehicle may be one of the biggest financial decisions in your life. Creating a good car budget is essential. You should be prepared to pay for insurance costs, oil changes, regular maintenance, and unexpected costs.

Car budgeting isn’t just about getting the vehicle. It's about knowing your bounds and anticipating any expense that will come down the road. DO NOT bite off more than you can chew—if gas and maintenance costs are too much, consider a something cheaper.


 Getting a loan is only the beginning. If you're paying for your car on your own, you’ll need a steady income that covers your loan payment, and all other costs of owning a car.