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You just finished filing your taxes and sent them off with the joy in your heart of looking forward to your tax refund. Getting that check in the mail is important to you. It’s your money. So you are now wondering to yourself of all the things you could potentially buy with this? We’ll tell you why buying a car with your tax refund might be a bad idea. more There is one thing that we all can agree on. Buying new things, especially a new car, can be really exciting. Sitting in that fresh car smell and driving it out of the lot might be a daydream for a lot of us, but spending our tax return money on a fancy new car is most likely not a great idea. Before you buy a car there is always a financing process. Unless you have the money to drop on a car without taking out any loans, buying a car requires a down payment and loan payments afterwards. The big difference between buying a car at any other time of the year, and buying one with this refund in your pocket, is that you might fool yourself into buying a more expensive car because you can afford the down payment. This is the big mistake. Sure, buying a car with your tax refund can be a great idea, but spending more than you can afford to make payments for is a definite no-no. Look at how much you make each month, and figure out how much you can spend on a car and pay off each month accordingly. You don’t want to end up in a situation where your tax refund is gone and you can’t make your loan payments. The best method of buying a car is pretending that you don’t have the extra cash from the refund and then purchasing a car just based off how much you make in a normal month. Then use the refund for a down payment once you’ve chosen a sensible vehicle. Here at Palmen Dodge Chrysler Jeep of Racine, we want to get you into the perfect car for you. We are here to help you finance and choose the car that fits your budget and needs. Contact us if you have any questions, or schedule a test-drive here.

Are you tired of driving around the same piece of gas-guzzling junk that you’ve been driving for years now? If you are wondering how to save for a new car? These are a few ways you can start preparing your budget for the purchase of a newer vehicle. more We all know that saving money means spending less than we are earning. But much like losing weight, it sounds simple and fast, but really can be a struggle when you try to put it into practice. 1: Think about your car payment If you are thinking about a car loan, then you have to consider how much you can pay monthly. You’ll want to leave a little space for unexpected repairs or maintenance (oil changes or new tires). If you want to skip the loan and save up enough to cover the whole car, then your planned monthly payment would be zero. 2: Figure out how much you can put down If you’ll have a monthly car payment, you should take some time to calculate what you’ll need to put down. Many calculators are available online. This is a good way to figure out what kind of car you can afford. 3: When do you need (or want) the car? The sooner you need the car, the faster you’ll need to save up. More time will make things less stressful. However, if you need the car next week, you might just have to consider a cheaper option to make ends meet. 4: Save up! Having the savings taken directly out of your paycheck and into your savings account is a great way to avoid skipping on your goal each month. If you don’t have direct deposit, have somewhere where you are keeping the money saved up to avoid spending the money you meant to put towards the car. The most important thing is to do this first before spending anything. Otherwise you’ll probably blow it. 5: Don’t make life horrible You have to make the saving process better than a punishment. If you let it create negativity and frustration, you are much less likely to succeed. It’s like a diet. For your safety and the safety of others, try and keep yourself out of trouble and try to be realistic with the goals you set for yourself. If you are in the market for a car, check out our inventory of new and used vehicles at Palmen Dodge Chrysler Jeep Ram of Racine.

Bad Credit Auto Loans Racine WI We'll help you through the process. Bad credit happens. Whether you've experience a divorce or job loss or some other unforeseeable circumstance or you just made some bad choices with credit cards when you were a bit younger, we understand that the financial world isn't always an easy one to navigate. The good news: We don't believe that ought to stop you from owning a quality vehicle that you can rely on for the necessary transportation to keep yourself afloat. Your world doesn't stop for bad credit, and neither do we. Here at Palmen Dodge Chrysler Jeep of Racine, we think there's a solution that will work. For bad credit auto loans in Racine, we're your source and we'll do everything we can to reach an agreement everyone is happy with. more Our used lot has plenty to choose from. Your first step should be to think practically about your financial situation and take a look through our online inventory. We might suggest that you check out some of our more affordable models to maintain those lower payments, but our entire used selection has a number of choices that might prove cost-efficient for you in the long term with maintenance and other concerns factored in. Next, fill out a credit application for vehicle financing on our website. We'll ask you for your basic information, including your name, address, social security number, current rent/mortgage payments, employment information, and monthly income. There's also a section for vehicle information pertaining to the car you're interested in financing. Drive away happy! If you prefer not to submit this information online, just call and make an appointment or stop in during our business hours and we'll be happy to give you a test drive of the model you're considering and go over your financing options with you in depth while assisting you with your application. Remember, bad credit situations can befall anyone, and we understand that. Our goal is to find a way to make the payments manageable for you so that you can rebuild your credit and in all likelihood refinance down the line for a better interest rate. We can help you make it happen!