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Calculating Your Car Payment: 5 Things to Consider

In the market for a new car? These factors such as taxes, insurance and other fees will help you calculate your estimated car payment. Learn more.

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Calculating Your Car Payment: 5 Things to Consider

  1. 1. FIVE THINGS TO FACTOR INTO YOUR CAR PAYMENT
  2. 2. Before you buy a car, consider all the factors that go into your costs.
  3. 3. .FINANCING 1. Plan for interest payments if you finance your car.
  4. 4. To minimize interest: Large Down Payment Short Loan Term to Focus On Principal Dealer Specials
  5. 5. TAXES Account for sales tax and title transfer fees. TITLE REGISTRATION LICENSE PLATE, 2.
  6. 6. Depending on your state, you might pay $500 to $800 or more a year for: Taxes License Plate Registration & Title Fees MOV FWD
  7. 7. Prepare for premiums to insure your car. INSURANCE 3.
  8. 8. Insurance costs depend on: Age Driving History Vehicle Type Student Grades
  9. 9. Plan for the cost of fueling your car. 4. FUEL /GASOLINE/
  10. 10. $ 9 9 1 0 Gas Prices Frequency & Distance Car Model Fuel Type Your monthly fuel budget varies based on:
  11. 11. Factor in regular maintenance to increase your car’s longevity. MAINTENANCE 5.
  12. 12. Oil Changes Tire Rotations Tire Replacements Engine Checks Plan for:
  13. 13. Learn more about buying a car at regionsautocenter.com.
  14. 14. © 2016 Regions Bank. This information is general in nature and is provided for educational purposes only. Regions makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information presented. Information provided and statements made by employees of Regions should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice. Regions encourages you to consult a professional for advice applicable to your specific situation. The LifeGreen color is a trademark of Regions Bank. Insights by Regions. Tools, tips, and calculators to help you confidently manage your money and move your life forward. regions.com/insights

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