What's My Buying Power?

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Discover Your Buying Power at Blake Fulenwider Ford of Andrews

When you’re looking at buying a new vehicle, you must have a financial plan ahead of time. If you happen to finance something that’s slightly outside of your reach, you’ll have a car note that you’ll have to deal with for months on end. If you want to make sure that you’re shopping within your budget near Odessa, Andrews, or Midland, you’ll want to take advantage of the online tools offered by Blake Fulenwider Ford of Andrews. 

Using the Payment Explorer Tool

Financing can be complicated, so when you need a clear outlook on what your monthly budget might look like, you’re going to want to make sure that you use our payment calculator. To start, you’ll need to figure out whether you want to input your preferred monthly payment or the price of the vehicle that you’re planning on financing. From there, you’ll need to fill out a few more items, like your credit score, your down payment, and the person that’s going to be on the title. If you plan on trading in your vehicle, you can add that too, but you’ll want to make sure that you know the value of your current model first. Once you’ve completed this, you’ll be awarded a payment certificate. When you stop by Blake Fulenwider Ford of Andrews, you can use this certificate during the financing process, which can save you time. 

Appraising Your Vehicle’s Trade-in Value

When all is said and done, you might not be happy with the final value that’s sitting in front of you. When you want to make sure that you have a bigger budget, you’re going to want to consider trading in your current model. Your down payment is one of the biggest factors when it comes to buying a new vehicle, as it determines what you’ll be responsible for once you leave the lot. By trading your vehicle in, you can make sure that you have more funds available for your down payment, resulting in a lower car note. Alternatively, you may want to use the funds to finance something that may have originally been just out of reach. If you’re looking at a car and you think that it’s slightly too expensive, you may want to look at what your current model can do for you.

What Can a Financing Plan Do for You?

When you know your estimated monthly payment, you know which vehicles are going to be comfortable to own. When you don’t want to have to deal with hefty looming bills, you’ll want to shop within your budget.

• Decide on the Type of Model: When you have a payment plan, you might have a better grasp on whether you want a brand-new Ford or a used vehicle. While both have their benefits, you may want to decide which one is for you before you visit, as this can narrow down your options. 
• Leasing vs. Financing: Financing isn’t for everyone, so if you want to switch out your vehicle frequently, you may want to consider leasing as an option. You may even be able to afford higher trims or more expensive vehicles. 
• Financial Clarity: It’s important to know where you stand financially before you walk into a dealership so that you’re well-prepared.