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How To Save Up For A Car Newport News VA

Tips for Saving Up for a Used Vehicle in Newport News, VA

A new-to-you car is one of the biggest purchases you’ll make. Even with the money you’ll save by shopping smart and purchasing a quality used vehicle at Casey Auto, you’ll still need a sizable sum of money for a down payment. To ensure that you’re ready to make that leap, you should take steps to start saving money to get the pre-owned vehicle you’ve got your eye on.


Figure out what your down payment will be

The first step to shopping for a used vehicle is knowing how much you can spend. Once you’ve got a price in mind, you can figure out how much you’ll need to save for a down payment. Casey Auto recommends at least 10 percent if not 20. The more you pay down, the more affordable your monthly payment will be. A higher down payment can also help you get a better interest rate.


Build a budget

Financial experts recommend establishing and maintaining a 50/30/20 budgetThis means 50 percent of your income goes to things you need, 30 percent goes to things you want, and 20 percent goes to savings and debt. Within that framework, car-related expenses shouldn’t account for more than 20 percent of what you take home. That includes your monthly payment, fuel costs, maintenance and repairs, and insurance. If you find that the vehicle you have in mind will take up more of your paycheck, you may need to save more money or consider a more affordable option.


Start setting aside money

Having a savings account is a great idea even when you’re not shopping for a used vehicle. Open a savings account with your financial institution and start socking away money from every paycheck. Whether it’s $5 or $50, you should make an effort to save something every time you get paid. This adds up fast, and it leaves you with a nice nest egg that you can use for emergencies — or to cover the down payment on a great used vehicle at Casey Auto.

Whatever your wants, needs, and financial situation, the experts at Casey Auto are here to help. We have a great selection of high-quality used vehicles from the brands you trust and a team of finance pros ready to help you save.

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Best used cars for older drivers

Best Used Cars for Older Drivers in Newport News, VA Newport News is a great place to retire, so many customers at our car dealership are senior citizens. What makes a good vehicle for seniors? It’s an affordable model that you can repay on a fixed income, prioritizes safety and driving assistance, and has a tall ride height for better vision and accessibility. With those attributes, we at Casey Auto recommend these used cars for older drivers. Toyota RAV4 By far, the RAV4 has been the number-one selling SUV in the U.S. in recent years. Americans of all ages love the compact SUV for its responsive power and handling, excellent fuel economy, spacious cargo area, and reliable build quality. As a retiree, you’re sure to find something to love in a pre-owned RAV4 from Casey Auto. Subaru Forester Practically any Subaru model is a great buy thanks to the brand’s signature Symmetrical All-Wheel Drive system, but we recommend the Forester most to older drivers. In addition to coming standard with AWD, the Forester has tall ground clearance and abundant driving assistance features for safely navigating through Newport News in the winter. Ford Escape The Ford Escape bears the qualities most senior drivers want in a crossover, such as its IIHS Top Safety Pick Plus status in crash test durability. The Escape offers optional all-wheel drive, an easy-to-use SYNC® infotainment system, and a smooth ride with comfy seating. Mazda CX-5 Mazda may not be the first brand you think of when you think of elderly drivers, but the Mazda CX-5 is a good buy at any age. The automaker aims to make driving easy and enjoyable, engineering its vehicles like the Mazda CX-5 crossover with agile handling and sporty design elements. Find the right fit for you at Casey Auto. We sell used models from over two dozen automotive brands, so we offer more options than most car dealerships in Newport News.

Why buy used or CPO for teenage college student

Why Buy a Used Car or CPO Vehicle for Your Teenage College Student in Newport News, VA Used Inventory Casey Carefree Guarantee Your teenager is now old enough to have a driver’s license and will be graduating school to leave for college. They need their own vehicle for commuting, but what should you buy? For parents of teenagers, we at the Casey Auto Group recommend buying a used or CPO vehicle for your student driver. Here’s why. Save money Here’s the most obvious reason that student drivers should buy a pre-owned car instead of a brand-new one: to save money. Teenagers already have lots of expenses, so you shouldn’t spend more on a starter can than you have to — especially since they’ll be paying costly insurance premiums as a high-risk driver. Used cars have lost some of their value due to depreciation, making them more affordable for students on a budget. A good investment You want to save money on a used car, not empty your wallet. That’s why you need to be careful not to buy a beater that’s a good deal upfront but will cost you tons in upkeep and repairs. A lemon will only cost you more in the long run. How can you know you’re getting a great deal on a pre-owned vehicle? Buy a certified pre-owned one. It’s been carefully inspected and verified to be in great condition while still reflecting a significant depreciation in cost. Only the essentials A teenager or college student only requires a car for transportation. They don’t need a bunch of bells and whistles — but that’s what most brand-new cars come with now. When you buy a model that’s 3-5 years old, its tech isn’t cutting edge anymore, so you’re not paying extra for the hottest features on the market. You’re more likely to find a bare-bones base model with only the essentials. Peace of mind A certified pre-owned vehicle provides peace of mind because it’s been through a rigorous multipoint inspection for its condition. And, it comes with manufacturer-backed warranties in case something unexpected goes wrong. The Casey Auto Group has many pre-owned vehicles for sale from a variety of auto manufacturers. Visit any of our stores to find a great deal on a car from a brand you trust.