Are you looking to buy a used vehicle soon? Want to know how you can set a budget that fits within your means? If both answers are yes, we here at Woody Folsom Chevrolet want to share how you can budget for one of our used inventory models.
Have questions about our used inventory? Please feel free to give us a call.
Budgeting For a Used Vehicle
When setting down a budget for a vehicle, the first thing you need to do is figure out how much you want to spend on the vehicle. One of the main ingredients to your budget is your yearly income. In many cases, you should not pay more than 20% of your income on a vehicle.
If the cost of a used vehicle exceeds 20% of your income for the year after taxes, then it is not a viable option to buy.
The next thing you should think about is picking the right vehicle. When you have a budget, there will be many vehicles that fit within that budget. The important thing for you to do is understand what vehicle best fits your needs. In addition, you also need to think about how much insurance and maintenance vehicle.
It's one thing to buy a luxury vehicle, but it may come with higher repair and insurance costs. This creates a situation where your budget tightens as a result.
Additionally, Jesup drivers should only pay for what they need. Because you have a set budget, you should not spend all of it on the vehicle. It's good to have some cash left over for repairs or personal savings.
Contact Us Today for a Test Drive
When you are ready with your budget, please feel free to contact us to schedule an appointment for a test drive. Our dealership proudly serves shoppers in the Baxley area. We look forward to working with you soon.