When you know that you are ready for a new vehicle, there is going to be a lot of excitement in the air. However, making sure that you have a budget in mind is a great way to ensure that you never bite off more than you can chew. We would like to talk with you at Pogue Chrysler about putting together a budget for your purchase or lease when you come by to check out our inventory. In the meantime, these are some things you can look for when formulating your budget:

Overall Price

No matter which model you are looking at, it is important that you know how to decipher all of the costs involved. Total vehicle cost will generally include the sales tax, title and registration fees, and extras like extended warranties and any options you choose. Making sure that you factor in all of the costs for the total amount will allow you to put some wiggle room in your budget as you shop.

Calculating Monthly Payments

Knowing how much you can afford each month will give you the chance to narrow down your choices. Once you know how much you will be putting as a down payment, you can then look at your monthly take-home pay and subtract your rent or mortgage, bills, and other expenses. We also have a handy value your trade tool on our website that you can use to determine an approximate trade-in amount. Keep in mind that you can lower your payments by having a larger down payment on a new Dodge.

Are you ready to test drive a Dodge Challenger or another model? Come by to see us at Pogue Chrysler today at 2252 West Everly Brothers Blvd in Powderly, KY to check out our latest inventory. If you have questions on setting up a budget, please give our sales team a call at (270) 605-8854.