VIDEO from Ally Bank Available on thenewsmarket.com: Automotive Finance at Your Fingertips
NEW YORK, Jan. 18, 2011 /PRNewswire/ -- See video from Ally Bank at:
When shopping around for a new car, most people have to finance their new vehicle. Calculating your budget before stepping into a dealership showroom can save you time and money. New online banking tools, like Ally Bank's payment estimator, make it easy for shoppers to figure out how much they can afford. For example, a good benchmark is that the total vehicle cost shouldn't be more than approximately 18 percent of your take-home monthly income. Ally's payment estimator could provide a more accurate estimate than other tools in the market because it includes local market incentives available on General Motors, Chrysler and Saab vehicles as part of the calculation. To use the payment estimator, enter the make, model, and year of the car you're interested in. Then enter the down payment, the term of the financing and your zip code. When complete, it estimates the monthly payment with applicable incentives and offers additional payment options.
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