How to Budget Your Next RAM Purchase

Interested in a new RAM truck? When it comes time to buy a new truck at Prestige Chrysler Dodge Jeep® RAM, it’s important to consider your RAM financing options. Here are a few tips to budget for your next RAM purchase.  

Establish What You Can Afford 

Before you begin, it’s important to determine what you can afford. Take some time to set a realistic goal for your new vehicle purchase.

Experts recommend that you keep your car payment under 10 percent of your take-home pay. However, it’s also recommended to keep your total debt under 36 percent of your income, so don’t forget to factor in your additional expenses.   

Determine Your Auto Payment  

Not sure what your auto payment will be? An auto payment calculator can quickly determine an estimate for you. It considers a few factors to establish your monthly payment, including:

• Total car price 
• Down payment  
• Trade-in value 
• Interest rate 
• Length of loan 

Check Your Credit Score 

We also recommend checking your credit score before applying for financing. Your credit score can play a big part in your approval. It will also affect your interest rate, as a lower score will likely to get you a higher interest rate, which could end up adding thousands of dollars to your loan. It’s a good idea to check your score to look for errors and to avoid any unwelcome surprises.  

Apply for Financing 

When you are looking for RAM trucks for sale in Las Vegas, Prestige Chrysler Dodge Jeep RAM is your one-stop-shop. You can shop for your dream truck and easily apply for financing when you visit. We’ll collect your basic buying criteria and submit them to our trusted lenders to find you the most competitive terms. Stop by and see us today to get started!