Alabama resident? Trying to find a pre-owned car? If you want the best price possible, you’ll have to compare prices from a variety of dealers in Muscle Shoals. Search for vehicles that appeal to your interest, then schedule test drives for each of them. If you’d prefer to finance this purchase, make sure you find out if they’re able to get you financed themselves. Percentage of earnings is an excellent way to calculate how much you should spend on a pre-owned car. Generally, you should spend around 30 percent of your yearly income on a car. For instance, the average income in Muscle Shoals is $19,757, which means a $5,927 car. The most you should commit is 50%, or $9,879 in this example. Take a look at this table, based on this $19,757 income.
- 30% of Income: $5,927 (Smart)
- 50% of Income: $9,879 (Average)
- 75% of Income: $14,818 (Too Much)
