There are tons and tons of used cars available in Oxford, and you’ll find a whole lot of them below. We’ve joined with sellers all across Alabama to show you their on-the-lot inventory, complete with photo galleries and seller contact details. When you’ve found the car you really like, email the dealer for an appointment to test drive it. More often than not, you can determine whether you’re qualified to finance a vehicle online.
Budget Recommendations for Oxford Car-Shoppers
Percentage of annual income is a popular way to calculate how much to invest in a used car. Many finance experts recommend spending around 30 percent of your annual income on a car. To illustrate, if you make $38,267 per annum, the average in Oxford, this is $11,480. This may sound low. You can increase it to 50% of income–$19,134–but more than this isn’t a good idea.
- 20% of Income: $7,653 (Terrific)
- 30% of Income: $11,480 (Good)
- 50% of Income: $19,134 (Okay)
- 75% of Income: $28,700 (Too High)
- 100% of Income: $38,267 (Dangerous)
