It is useful to know what information is relevant, however. We offer a variety of tools that will calculate your price range with a few extra variables, if you choose that route. Keep in mind that you will be able to negotiate somewhat with the seller, which increases your price range slightly. Once you have done so, the number you come up with will be the general price range you can afford. From your number, subtract twelve to twenty percent, with twenty being the most expensive scenario. You will still need to pay financing charges and, depending on your state, sales tax. This number still needs some tweaking to finish. It will factor towards your down payment. The trade-in value may not be much, depending on the age, make and model. If you have an older trade in, you will add this number as well. To this total, you need to add what you will be able to put forward as a down payment. Once you have this number, multiply it by 36, 48 or 60, which is the number of months for three, four and five year terms. Determine this amount based on your own personal finances - everyone will have a different figure based on their income and expenses. The primary factor here is how much you can afford to pay each month. The first thing you need to know is what your potential budget is.
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