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Longwood dealers have all kinds of used cars and trucks for sale, but how do you find the vehicle that’s best for your family? Here at AutoFoundry, we update our site daily to bring you current dealer inventory in your area. Find a car you like, then email the seller to tell them you’d like to schedule a test drive. If you’d like to finance this purchase, you might want to ask them how much the payments will likely be.

How Much to Spend on a Pre-owned Vehicle in Longwood

Income is the principal basis for how much to spend on a car. In general, you should spend around 30% of your annual salary on a car. Say you’re making $33,060 per year, the average in Longwood–this would be a car costing $9,918 or less. While 30% or less is ideal, a lot of people spend closer to 50%–$16,530, in this case. If you are planning to finance your purchase, it’s best not to spend more than 10% of your monthly income on your car payment, while going with the shortest repayment period possible. Given an income of $2,755 each month, this translates to a maximum payment of $276.

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