How much can you afford to spend?

You might be already dreaming of a certain model vehicle that has your eye or maybe the features of a vehicle that would make your driving experience a more pleasurable one. Well, its time to come down to reality because the first thing you need to do before making that new car purchase is to estimate what the actual price range is that you can afford.

First thing you will need to do is to decide how much money you will be able to pay upfront in case and with a trade-in or even both. The monthly payment will be determined by how much money you will be borrowing and what the maximum payment is going to be that you can afford every month.

You may be lucky and find an auto loan that requires a low down payment of five percent but it is highly recommended that you put down as much money as you can afford and the preferred by most lenders is 20 percent. With a higher down payment this will reduce the amount of money you will need to borrow as well as reduces your monthly payment and also this will reduce the amount of interest you will be paying on the loan in the long run.

Keep in mind that your down payment doesn’t have to be in all cash, if you have a car already and there is any sort of trade in allowance the dealer may credit this back towards your down payment. If you sell the car yourself you will usually get more then you would if you were trading it in. You might consider this before you make the new car purchase.

Per Consumer Reports who are the financial experts, they recommend that your total debt payment be absolutely no more then 36 percent of your gross income. If you go by that rule, you will be able to determine how much you actually will be able to afford to spend every month.

In knowing what your down payment and monthly payment will be along with that a typical interest rate and the number of years you are going to be making the car payments for, you wll be able to calculate the price of the vehicle that you can afford and the loan amount that you will need to qualify for.

In addition to the vehicle price, you need to consider other costs, such as the Sales Tax, Registration Fees and Insurance premiums. The taxes and registration fees may have you reaching in your pocket as much as 10 percent or more and if driving a car that is worth more then your current income will cost you more to insure. Be sure to check with your insurance agent or get an insurance quote online to make sure you know what you are actually getting involved with prior to any new car purchase.

Let Manly Automotive Group help you in your new and previously owned vehicle choices today stop by our website today and drive away knowing that you made the right choice with us! http://www.manlyauto.com/  We also can be found on Twitter https://twitter.com/ManlyAuto and Facebook http://www.facebook.com/profile.php?id=100001445954579&v=wall stop on over and visit us! 

HYUNDAI’S ALL-NEW 2011 HYUNDAI EQUUS

Hyundai has revealed some additional engineering and feature information on their all new 2011 Equus. The Equus is being offered with two configurations, The Equus Signature and the Equus Ultimate. The Equus Signature will feature a 385 horsepower Tau^® V8 engine, a 608-watt Lexicon^® audio system with 17 speakers, electronically controlled air suspension with continuous damping control, Vehicle Stability Management with pre-collision warning, Smart Cruise Control, HID headlamps, front and rear parking assistance system with rearview camera, premium leather seating, Alcantara suede headliner, driver seat massage, heated and cooled front seats, heated wood and leather steering wheel, and numerous other premium technologies and features. 

The Equus Ultimate will have features that are typically found only in low-volume special-order luxury sedans with six-figure price tags, including a forward-view parking and cornering camera, power deck lid, reclining rear seats with powered headrests, cooled rear seats, rear seat massage and leg support, rear seat refrigerator and a rear seat entertainment system.

Per Hyundai Motor’s president and CEO the Equus Signature will show off the technology and content of a fully optioned flagship model from either Lexus or BMW and while the Equus Ultimate will deliver a specification approached only by the competitors which are low-volume and special ordered models.The Equus is Hyundai’s flagship rear-wheel drive sedan with innovative new technology of the VSM or Vehicle Stability Management system, which will manage the ESC, the electronic parking brake, smart cruise control, the collision warning sensor and the seatbelt tensioning system for optimal safety. The seatbelt tensioning system works through sensors, which will detect critical driving situations as well as retract the seatbelts accordingly to prevent any passenger movement. The Equus’ dynamic safety package is further enhanced by the Lane Departure Warning System and driver’s knee airbags.

As far as safety, the Equus will also have power rear side-window sunshades, a heated steering wheel, power trunk lid, dual power, heated and cooled front seats, rain-repelling front side windows, a thermoelectric rear console refrigerator, 60/40 split power reclining rear seats and electronically-controlled Air Suspension with dual-mode Continuous Damping Control.

There will be new driver information technologies that will make their debut in the Equus. The driver and passengers should keep an eye on the Equus’ numerous electronic systems throughout the 3.5-inch TFT LCD vehicle information monitor. The Equus will also include a feature of forward-view cornering camera and a parking guide system with both top view and rear view perspectives. 

Hyundai’s Tau V8, is being rated one of world’s “Ten Best Engines” for two consecutive years. It is a strong technological building block for Equus.  Joined by an unrivaled standard feature list including Smart Cruise Control, Lane Departure Warning System, a heated steering wheel, power reclining rear seats, heated rear seats and a 608-watt Lexicon 7.1.  It will boast a discrete surround sound audio system with 17 speakers. Equus Ultimate will add first-class rear seating along with other focused rear compartment features that will only be found on low-volume special-order competitive models.

Hyundai’s Equus Ultimate will take the luxury directive of the Equus Signature and will be enhanced with a package of high end amenities that will be new to this price class. In the rear, the power-adjustable right-side seat provides passengers a generous 84 degrees of leg support, with the capability to move the front passenger seat forward and out of the way for full leg extension. The Equus Ultimate will replace the 60:40 rear seat of the Equus Signature with a 50:50 power reclining seating configuration.

Let Manly Automotive Group help you in your new and previously owned vehicle choices today stop by our website today and drive away knowing that you made the right choice with us! http://www.manlyauto.com/  We also can be found on Twitter https://twitter.com/ManlyAuto and Facebook http://www.facebook.com/profile.php?id=100001445954579&v=wall stop on over and visit us!