Have you found the right car or truck yet? We’d love to help! At Tennessee Auto Finance, we let you explore a wide range of cars for sale in Greeneville. Once you find a car that appeals to you, all you have to do is let the dealer know what vehicle you’re interested in, and they will provide you with further details. You might ask them if financing is offered, in case that’s how you’re hoping to fund your purchase.
How Much to Spend on a Pre-owned Vehicle in Greeneville
The amount you should dedicate to any car, new or used, is dependent upon your income. Here’s a common guideline among the money-savvy: spend just 30-35 percent of your yearly salary on a used vehicle. For example, if you earn $19,598 a year, the average in Greeneville, this is just $5,879 to $6,859. The most you should spend is 50%, or $9,799 in this example. If you are planning to finance your vehicle, a maximum of 10% of your monthly income should really be allocated to your monthly car payment. Don’t stretch your repayment period to pay for a nicer vehicle. Financing for 48 months or less is ideal. Given a monthly income of $1,633, this equates to a maximum payment of $163. If you have a low credit score, visit our Greeneville financing page.
Cheap Cars for Sale in Greeneville (TN)
Is low cost a priority for you? Ordinarily, we think of cars under $10,000 as cheap, or under $5000. Whatever you consider cheap, we can typically find you the car that fits your budget. Often, you can find a well-built used car for less than the down payment on one that’s new, and there won’t be any monthly payments to bother with.