Money-Saving Tips to Afford a New Car

Though new vehicles are more affordable than ever, buying one is still a major investment. If you’re looking for some money-saving tips on how to save money to buy a vehicle, you’ve come to the right place.

Money-Saving Tips | Bill Jackson | Troy, AL

  1. Set up a Budget: Before you ever consider purchasing a new car, you need to know how much of your income you can afford to spend on a new vehicle. Calculate your monthly expenses, then see what’s left. At minimum, you should save enough to cover your car payment, insurance, gas, and maintenance.

 

  1. Save for a Down Payment: One of the best ways to lower your monthly payment is to put a substantial amount down on your new vehicle. Most experts recommend trying to prepare a down payment that is 10 to 20 percent of the overall cost of your vehicle. You can also put this money into a high-yield savings account to earn extra passive income towards your purchase.

 

  1. Sell Us Your Old Car: If you already have a vehicle, you can sell it to Bill Jackson Chevy Buick GMC Cadillac for a credit toward your purchase. After a test drive and an appraisal, we’ll offer you a fair value for your old car.

If you want any more advice on how to effectively save up for a new car, how to navigate the financing process, or if you’re ready to get behind the wheel of the vehicle of your dreams, stop by Bill Jackson Chevrolet Buick GMC Cadillac today.

Tips for Driving in the Rain

Driving in the rain may seem like a minor inconvenience, but it can turn into a serious hazard in seconds. Visibility is severely reduced, glare can make it difficult to see the lines on the road, and it’s easy to run over a slick surface and start hydroplaning. The next time you get behind the wheel in a storm, remember these tips for driving in the rain.

Driving in the Rain | Bill Jackson Auto | Troy, AL

Increase the distance between you and the car ahead

It may take more time than usual for your car to come to a complete stop when the surface you’re driving on is wet. Therefore, you may want to leave more space than usual between you and the vehicle ahead, so that you have plenty of room to stop.

Keep your headlights on

Any time that your windshield wipers are active, your headlights should be on. This will also allow oncoming drivers to easily spot you, and people in your lane to see you in their rearview mirrors.

Go easy on the accelerator

If you try to speed up right after a stop when the ground is slick with rainwater, and you may find yourself slipping and sliding around. Instead of hitting the gas hard when a light turns green, take your time to accelerate so that you can avoid this slippery situation.

If you’d like more advice for driving in the rain — or need a tune-up before your next trip through inclement weather — feel free to speak with us here at Bill Jackson Chevy Buick GMC Cadillac.

How to tell if you need new tires

Your tires are some of the most important things on your car, which is why you need to make sure you are replacing them when they get too worn out. One of the simplest ways you can determine if you need new tires is by using a penny.

You need new tires | Bill Jackson Auto | Troy, AL

Take a penny and place it in between the tread grooves on your tires with Lincoln’s head pointing down. If you can see the top of Lincoln’s head, the tread is too worn down and, it is time to get a new set. If the top of Lincoln’s head is covered, you have more than 2/32 of an inch of tread remaining, and you’re in the clear.

Make sure you do this test in multiple places on all four tires. If you notice that one tire is more worn down than the others, this could be a sign your wheels need to be realigned.

Tread is an important thing to consider because it is what gives your tires traction. When the tread is too worn down, your tires are “bald,” and they will have a harder time gripping the road, especially during inclement weather. Bald tires also gather more friction from the road, which can lead to overheated tires and blowouts.

If you need a new set of tires, a rotation, or just want an expert opinion as to whether you’re due for a change, pay us a visit at Bill Jackson Chevrolet Buick GMC Cadillac.

Money-Saving Tips to Afford a New Car

Afford a new car - Troy, AL

If you’re concerned about being able to afford a new car, you can rest easy. Bill Jackson Chevy Buick GMC Cadillac has got your back with a few money-saving tips to help you get that new car off of the lot and into your garage in no time.

  • Make a list of must-have features and a separate list of would-like-to-have features.
  • Establish your “target price.” Once you’ve determined how much you’d like to spend, research a few makes and models online to see if this price is realistic. If you can get all of your “must-haves” within that price range, you’re good to go. If not, either your target price or your must-haves will need to be adjusted.
  • Plan to put at least 20% down on a new car. Making a larger down payment means you may need to save for a little bit longer in the beginning, but it will save you money in the long run.
  • Try to limit spending on unnecessary expenses. Consider eating out less frequently or temporarily switching from name brand to store brand products.
  • Establish a savings account. If your financial institution allows for it, you can create a separate savings account dedicated to your new car and have a certain percentage of your paychecks deposited automatically.
  • There are numerous “gig jobs” available today in everything from ride-sharing to dog-walking. Consider picking up a temporary side job to help you save up for that big down payment.

Purchasing a new car is a very exciting process as long as you’re well-prepared. Visit Bill Jackson Chevy Buick GMC Cadillac and have a member of our staff walk you through everything you need to know and help you set up a savings plan.