Are you trying to save up money for a new Honda but having trouble getting started? Here are a few money-saving hacks that will help you save toward a down payment:
Eat in: Eating out at restaurants or getting takeout gets expensive. Instead, set a firm grocery budget for every week, buy everything you need, and just eat meals at home. It’s cheaper and
Adjust your utilities usage: By running your air conditioning just a little warmer in the summer and your heater a little cooler in the summer, you can save some serious money on utilities.
Find unique ways to make money from home: Get into freelance writing, consider signing up for Airbnb, or just start taking surveys while watching TV. The Penny Hoarder offers lots of unique ideas for making money on the side.
Build out a budget: If you haven’t sat down with budgeting software — or even a spreadsheet — to build out a budget, that’s your first mistake. Calculate your monthly take-home pay and your monthly expenses (i.e., required expenses like rent, utilities, food, etc.). Whatever is left over is your “fun money” and “investment money.” How much you set aside for fun things like Netflix or nights out with friends directly affects how much you can invest in a high-yield savings account. If you are serious about saving, always put more toward “investment money.”
You can also save money on a car by buying used, leasing, or simply buying an inexpensive car that doesn’t compromise on features. Learn more at Bryan Honda.
You know that now is the time to trade in that old ride of yours for something a bit fresher. What you haven’t determined yet is whether you want something brand-new or just new-to-you. To figure out whether you should buy a new or used car, you have to ask yourself a few key questions.
How much can I spend? Making a budget is the first thing you should do when car shopping. Knowing how much you can afford every month will help you better decide if a new or used car is the best bet for your budget.
Do I need the latest technologies? If you buy a new Honda from Bryan Honda, you’re getting some of the latest technologies up for grabs, from infotainment and connectivity to safety with Honda Sensing®. While you may be able to find a great used or certified pre-owned vehicle with modern bells and whistles, you’ll need to decide what you can and can’t live without first.
Can I afford repairs sooner rather than later? If you buy a new Honda, you’re going to get plenty of coverage, including a 3-year/36,000-mile New Vehicle Limited Warranty and a 5-year/60,000-mile Powertrain Limited Warranty among others. A CPO will carry limited warranty coverage as well, but if you buy a used vehicle, you’ll be on the hook for any repair costs right out of the gate.
There are a lot of different ins and outs to consider when weighing your options between a new and used car. The experts at Bryan Honda will help you make the best decision for your circumstances and get you out of the showroom with a smile on your face.