If you are planning to buy a car, you can reduce your monthly payments by increasing your down payment. Increase your down payment with an automatic savings plan.

Sample monthly loan payments for a $30,000 car. (Assumes a 7% interest rate.)

Increasing Your Down Payment Reduces Your Month Loan Payment
The larger your down payment, the lower your monthly payments.  You may already have some funds you intend to use for the down payment.  Here is a simple calculator to help you determine how additional saving can reduce your payments.

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 buying and owning your car.

Buying your first car

Benefits of a good credit record

Preparing to borrow

Understanding auto insurance

Keeping your financial life simple

Learn more about how Forest Bluff Financial Services can help you reach your retirement goals.

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Financial Foundation Center (for young adults)

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Kit de Herramientas Financieras (Spanish version of Financial Tool Kit)

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Forest Bluff Financial Services is your partner for a secure financial future.

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