What's a good budget for a used car?
When you need a new vehicle, buying a used car for sale is the most cost-effective option. Ewald Auto makes it easy to find an amazing deal at our used car dealership in Milwaukee. However, choosing a budget for your used car can be a daunting task. Let's learn how to budget for your next used car for sale in Milwaukee. No matter how much you're willing and able to spend, you can count on our used car lot to have plenty of incredible options.
What should my budget be for a used car?
Your used car budget should be based off of your take-home income. Most leading financial professionals suggest keeping your auto budget under 20% of your take-home pay. So, if you make $50,000 annually after taxes, your auto budget at our used car dealership in Milwaukee should be around $10,000. Our used car lot in Milwaukee offers vehicles at a wide range of price points. Even if you can't spend a fortune on your next used car for sale, you can always find safe, reliable, and affordable cars at Ewald Auto.
How much should I save for a decent used car?
If you're planning to pay cash outright, you'll need to save the sticker price of the vehicle. Keep in mind that your auto budget isn't exclusive to the cost of the Milwaukee used car. You'll need to pay for fuel, insurance, maintenance, and other automotive expenses. Before pulling the trigger on any used truck for sale near you, make sure the total ownership costs are affordable.
What is the 20/4/10 rule for buying a car?
This rule is a common chestnut of wisdom for buying a used car for sale. The general idea is to place a 20% down payment on a four year auto loan, and spend less than 10% of your take-home pay on your car payment. This rule is a good suggestion if you're trying to get the best value while financing a Milwaukee used car. Shorter loan terms mean that you'll pay less interest over the term of the loan. By keeping your payments under 10% of your income, you'll have more flexibility within your monthly budget.
What is the smartest way to pay for a used car?
Our used car dealership in Milwaukee hosts a financial services center for our customers. If you're thinking about paying for your next used truck for sale near you with a loan, Ewald is here to make it easy. Financing your used car for sale in Milwaukee is a great decision if you can't comfortably pay cash for the vehicle. Auto loans are also an excellent way to repair your credit. Customers can apply for used car loans in person at our used car lot in Milwaukee, or apply online for pre-qualification. With flexible financing for every budget, it's never been easier to get into a used car for sale!
Shop for used cars in Milwaukee at Ewald Auto!
Ready to start searching for the perfect used car for sale? Our used car dealership in Milwaukee is ready to welcome you to our showroom. Visit Ewald Auto today to test-drive our thrilling selection of used cars, trucks, and SUVs!
