Here at Auto Credit Express, we want to help you with your bad credit car loan. In order to reestablish your credit, you need to make your payment on time. But there is more to your car than just the payment.

Insurance

A major expense that many bad credit customers fail to include is the cost of insurance. Even if you have car insurance on your present vehicle, it may be low cost partial coverage insurance. Financing a car requires full coverage insurance. In addition, the car that you’re replacing is probably older so remember that it costs more to insure a newer car.

Gasoline

That sport utility vehicle may be your dream car, but in addition to being more expensive, it also has poorer gas mileage. If you buy a midsize or compact car, you will save on gas as well as your monthly payment.

Maintenance

If you’re buying a new car, check the warranty. Make sure you are covered for the entire length of your finance contract. If not, consider an extended service contract and add that cost to your monthly payment. If you’re buying a used car, an extended warranty is almost a must have addition. You need to budget for the increase in your payment, but if some major component on your car breaks, you’ll be glad you have it.

The Bottom Line

Make sure you include all these items in your car budget. To help you determine what you can afford, view our car calculators on our web site. Here at Auto Credit Express, we want you “on the road” to better credit today!