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Buying a used car doesn’t have to be hassle. Here at AutoFoundry, we make it easy to search available cars from dealers in your part of Delaware. Once you find a car you’re keen on, you can contact the dealer and begin the buying process. Financing is available for most vehicles, though a down payment may be required.

Used Car Budgeting for Delaware Buyers

It is critical to budget intelligently for this vehicle. Here’s an oft-mentioned rule of thumb: spend around one-third of your annual income on a used vehicle. For instance, if you make $47,308 annually, the average in Delaware, you should buy a car that costs $14,192. This might seem low. It’s possible to increase it to 50% of income–$23,654–but spending more than this isn’t advisable. If you are planning to finance your new car or truck, it’s recommended that you don’t spend more than 10% of what you make each month on your car payment and opt for the shortest repayment period possible. Given an income of $3,942 each month, you’re looking at a payment of $394, at maximum.

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