If you’ve been searching for “Ford dealer near me” in the hopes of finding a dealership with excellent customer service, Dean Arbour Ford of Alpena will undoubtedly exceed all of your expectations. We’re dedicated to making the car buying process easy. We also understand that one of the most intimidating steps of car buying is figuring out budgeting and finances.

The money talk is often considered the most stressful part of the car buying process. New cars can be expensive, long-term commitments that can put quite the financial burden on your bank account. Fortunately, we’re here to show you the things you can do to lessen that burden and make the most out of your car buying experience.

The first thing to be conscious of is auto loan term limits. When you buy a new car, it’s likely that you’ll have to apply for an auto loan with a financial institution. These auto loans are set up with a predetermined payback time. On average, term limits can last around 68 months, and the length of your loan term can determine how much your monthly payment will be. The longer your term limit, the smaller your monthly payment and vice versa. That said, a shorter-term limit can mean that you’ll pay off your car far sooner than expected.

We also recommend that new buyers purchase their car with a down-payment. While any amount is better than nothing, we recommend that you put down 20% of the car’s overall value. By putting down money for your vehicle, you can lessen your monthly burden and likely pay off your car loan sooner.

If you have any questions about finance or the overall car buying experience, the team of sales representatives in our Ford finance department is here to help. At Dean Arbour Ford of Alpena, we are committed to removing stress from the car buying process and will go above and beyond to help you find something that checks off all of your automotive boxes.