The Cadillac is one of the most luxurious vehicles on the market. The good news is that there may be monthly payment options that fit almost any budget. Therefore, you may be able to drive your dream vehicle without having to spend more than you planned to.
Consider a Lease
One of the easiest ways to get a lower monthly payment on a vehicle is to lease instead of buy. When you walk into a Cadillac dealer Romeoville, you will be able to learn more about what a lease is and how it can be beneficial to you. A salesperson may even be able to compare monthly payments based on variables such as the lease’s factor rate or your down payment.
Trade In Your Vehicle
When you trade your vehicle, you are given a credit toward the purchase price. The credit is equal to the market value of your current car or truck. If you choose to buy at a Cadillac dealer Romeoville, it may be possible to have the credit applied before calculating sales tax. This could save you hundreds or thousands of dollars on the overall price of the car. You obtain the savings because the overall purchase price of the car will be reduced by the amount of the trade.
For instance, if the car was priced at $30,000, you would pay $2400 assuming an 8 percent sales tax. If your current vehicle is worth $10,000, you would pay $24,400 if the credit was applied after calculating sales tax. However, you would only pay $21,600 if the credit is applied before calculating sales tax. This is because you are paying sales tax on $20,000, which is only $1,600 at 8 percent interest.
If you’re looking for an affordable Cadillac, come to Hawk Cadillac of Joliet or visit their website.
