You’ve done it! You’ve worked hard, and can finally purchase that beautiful new car you’ve had your eye on for years! But, have you thought about how much your car is really costing you? On average, your car will cost you the equivalent of three years of work. That’s about 157 weeks! Throw in insurance policy prices, taxes, and interest on car loans, and the time you spend paying for your vehicle just increases.
When attempting to budget your money, it can be helpful to think about your expenses in terms of how long it takes for you to work, and acquire the money needed to pay for them.
So, how can you reduce the time it takes for you to be able to purchase the items you want, and lower your costs? Consider buying a used vehicle over a new one, and choose a more economical model. Work on improving your credit, and watch your interest rate lessen before your eyes!
Do you have questions about auto insurance? Contact The Schwab Agency, one of the most trusted independent insurance agencies in the Dallas and Fort Worth area. Whether you are looking for commercial or business insurance, the friendly insurance professionals at The Schwab Agency can help you, today!