Buying a new car is exciting. You will probably drive several cars to find the one you want and ultimately drive home with a sense of pride and satisfaction. But the process of buying can be stressful with the pressure of dealing with the sales person and handling all the financial aspects of the actual purchase and financing.

Getting Your Financial Thoughts In Order
The final cost of your car will depend on the price you pay and the financing you use. Your choice of car and your negotiating skills will determine the price. Assuming that you use an auto loan to pay for the car, the variables are the car's price, your down payment, the rate on the loan and the length of the loan. Here are a couple of calculators that you can use to analyze your situation.

This information can help you identify the car you want. But, before you finish you should investigate how a larger down payment can reduce your monthly payments and the length of the loan you want.

This calculator is to be used for estimation purposes only. The financial institution is not responsible for its accuracy and the results are not guaranteed.

This calculator is to be used for estimation purposes only. The financial institution is not responsible for its accuracy and the results are not guaranteed.

You may want to apply for an auto loan now so you can walk into the dealership knowing your financing is in place. Click here to apply online.

Increasing Your Down Payment
If you decide that that saving for a larger down payment is right for you, here is a calculator that can help you determine how much to save each month until you are ready to buy that car.

Start Your Automatic Savings Today
There is no easier way to save than with an automatic savings plan. If you are already using direct deposit for your paycheck, have Forest Bluff Financial Services transfer the amount each month. Here is an Automatic Transfer Authorization form to help you enroll. You can also have your employer deduct the amount each month and deposit into the account of your choice. Here is a Payroll Deduction Direct Deposit form.

If you are not already using direct deposit for your paycheck, here is a Payroll Direct Deposit form to help you get started. You can also call a service representative at 800/723-7237 or email for more information.

Take Control of Your Financial Future

Articles from our library about owning your car.

Understanding Auto Insurance

Review Your Insurance Deductibles

Buying Your First Car

Develop a Financial Strategy

Saving Early for Future Purchases

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