How would you like to find your new car without having to drive all over town, looking for the right deal? At Tennessee Auto Finance, we enable you to explore a vast assortment of cars currently on dealer lots in your part of Tennessee. As soon as you find a car that appeals to you, simply submit the form letting the dealer know what vehicle you’re interested in, and they will contact you with further details. In some cases, you can find out whether you’re eligible for financing right from the details page.
Your income is the primary factor when determining how much you should spend on a car. Here’s a great rule of thumb: spend just 30-35% of your yearly income on a used vehicle. Let’s pretend you’re making $29,001 a year, the average among Lebanon residents–this would be a $8,700 to $10,150 car. The maximum you spend should be 50%, or $14,501 in this case. If you’re planning to finance this vehicle, no more than 10% of your monthly income should be invested in a car payment each month. Be wary of stretching out your loan term to pay for a pricier vehicle. Financing for 48 months or fewer is recommended. Given an income of $2,417 per month, you’re looking at a maximum payment of $242. If you’ve got damaged credit, go to our Lebanon financing page.
Cheap Cars for Sale in Lebanon, TN
Trying to find a reliable car that’s cheap? Fortunately, we ordinarily have a good many cars in Lebanon under $10,000. Buying a vehicle this cheap helps you protect against excess debt, while keeping your month-to-month expenses down.