Calculating Your Car Payment: 5 Things to Consider

FIVE THINGS TO FACTOR INTO YOUR

CAR PAYMENT

Before you buy a car, consider all the factors that go into your costs.

.FINANCING1.

Plan for interest payments if you finance your car.

To minimize interest:

Large Down Payment

Short Loan Term to Focus On Principal

DealerSpecials

TAXES

Account for sales tax and title transfer fees.

TITLEREGISTRATI

ONLICENSE PL

ATE,2.

Depending on your state, you might pay $500 to $800 or more a year for:

Taxes License Plate

Registration & Title Fees

MOV FWD

Prepare for premiums to insure your car.

INSURANCE3.

Insurance costs depend on:

Age Driving History

Vehicle Type

Student Grades

Plan for the cost of fueling your car.

4.

FUEL /GASOLINE/

$ 9 9 1 0

Gas Prices

Frequency& Distance

Car Model

Fuel Type

Your monthly fuel budget varies based on:

Factor in regular maintenance to increase your car’s longevity.

MAINTENANCE5.

Oil Changes

Tire Rotations

Tire Replacements

Engine Checks

Plan for:

Learn more about buying a carat regionsautocenter.com.

© 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, �nancial planning, investment, legal, or tax advice. Regions encourages you to consult a professional for advice applicable to your speci�c situation. The LifeGreen color is a trademark of Regions Bank.

Insights by Regions. Tools, tips, and calculators to help you con�dently manage your money and move your life forward.

regions.com/insights