Car Examer

OCTOBER 29, 2024

A good rule of thumb is to keep your total car-related costs (loan payment, insurance, fuel, and maintenance) around 10-15% of your monthly income. Questions to Ask Yourself: How much can you put down upfront? What’s a realistic monthly amount for car payments, insurance, and upkeep?

Down Payment 59

Down Payment Repairing Insurance Finance 59

Shawn Ryder

FEBRUARY 7, 2024

F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. The F&I manager will also offer additional products such as extended warranties and GAP insurance.

Term 40

Term Gap Insurance Dealerships Extended Warranty 40

Car Examer

NOVEMBER 2, 2024

For example, if there’s a £1,000 deposit contribution, that amount goes toward your down payment, reducing what you need to put down yourself. With PCP, you pay lower monthly payments because a large portion of the car’s cost is deferred until the end of the agreement.

Balloon Payment 59

Balloon Payment Term Dealerships Mileage Limit 59

Your Car Buying Advocate

JULY 31, 2023

Your budget should clearly reflect what you can afford to spend, keeping in mind both the initial cost of the car and ongoing expenses like fuel, insurance, and maintenance. How much do you have left after paying for necessities like rent, food, utilities, and other regular payments or debt obligations?

Finance 52

Finance Pre-Qualify Deal Dealerships 52