Evaluating your ability to comfortably afford a new or pre-owned vehicle is about more than just the purchase price. At North Park Lincoln at Dominion, we're committed to helping you understand all components of auto ownership that bear financial implications. From car insurance to personal property taxes and routine maintenance, there are many factors that add up to the overall cost of vehicle ownership.
Lincoln is a brand that's well known for engineering reliable luxury carswith low maintenance costs, appealing auto financing terms and other cost-saving benefits. Visit our Lincoln dealer near Boerne to see what it will cost to buy the new Corsair or pre-owned truck you have your eye on. We're here to help you through every step of the car-buying journey as well as through your ownership experience.
Lincoln Ranked 4th Best in "Maintenance and Repair Cost by Brand"
What Does It Really Cost to Own a Car?
There are several financial considerations that influence the cost of car ownership. These include:
01
Your Vehicle & Its Price
A new Lincoln Navigator or Nautilus can be bought at a more appealing price point than other luxury cars. This makes them a popular choice for savvy car buyers that want all the luxurious amenities while still getting great value. Since luxury vehicles typically fetch a higher price than economy brands, you can expect to pay a little bit more for the phenomenal ride quality and advanced technology you crave.
Another option is to buy a high-quality used car for sale. Usually used car prices are lower than what you'll get for a new car, which means that you could get an upgraded trim or luxury car for less.
02
Financing, Leasing & Incentives
The financing plan you secure is another key component that goes into the cost of car ownership. Auto loan terms are dependent on your credit standing, so the higher your credit score, the less you'll pay in interest over the life of the car loan. If you have poor credit, you will usually pay more in interest over the life of the loan, as lenders view those loans as higher risk.
If you choose to lease a new Lincoln nearby, you'll usually enjoy a lower monthly car payment, which can make your luxury vehicle more attainable. That being said, you won't have the ability to resell the vehicle down the road or trade in and trade up to a newer Lincoln SUV.
Here at North Park Lincoln, we offer enticing new Lincoln offers for added savings. These can range from new Navigator price offers, Aviator lease incentives and more.
03
Insurance Costs, Taxes & Fees
Insurance costs may vary depending on the vehicle type as well as driver's profile, which factors in age and driving record among other qualities. Additional charges such as state sales tax and registration can add up as well, so you should be sure to budget for these fees. At North Park Lincoln, our dedicated finance team is on hand to help demystify these complex costs so there will be no unsuspected surprises.
04
Lincoln Maintenance & Fuel Prices
Lincoln vehicles are reliable, which means that you'll spend less on Lincoln maintenance over time. In fact, brands like Lincoln are known for typically costing less to maintain than many other luxury brands.
When it comes to fuel costs, Lincoln SUVS are quite fuel efficient, especially if you opt for a Lincoln PHEV in Texas. Buying a vehicle that's fuel efficient can save you a lot of money over time, especially with volatile gas and diesel prices.
Affordable Lincoln Ownership in San Antonio, Texas
Contact North Park Lincoln at Dominion for personalized financial advice on car buying and ownership costs. You can use handy tools like our credit estimator to get an idea of the type of vehicle you can afford based on your credit. You can also speak to our luxury car financing specialists to learn about all the smart ways you can treat yourself to a Lincoln at a great value.
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