Here at Tennessee Auto Finance, we allow you to peruse a wide array of cars currently on dealer lots in Collierville. When you locate your car, you can contact the dealer for more details. More often than not, you can get pre-qualified for financing right from the details page.
Budgeting Recommendations for Collierville Car-Shoppers
Have you considered how much you’re going to budget for your vehicle? Here is a great rule of thumb: spend just 30-35 percent of your yearly salary on a used vehicle. Suppose you’re earning $39,629 annually, the Collierville average–this would be $11,889 to $13,870. If possible, don’t spend more than 50%, or $19,815 in this example. Should you decide to finance this vehicle, around 10% of your monthly income, at the most, ought to be invested in your car payment each month. Don’t be tempted into extending your loan term to afford a less affordable vehicle–48 months or less is best. With an income of $3,302 each month, this equates to a maximum payment of $330. For details, visit here.
Cheap Cars in Collierville
Are you looking to buy a used car without having to spend tons of money? Fortunately, we usually have a good many cars in Collierville costing less than $10,000. Often, you can find a good solid used car that costs less than the down payment on a brand new one, and there won’t be any monthly payments.