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Researching used cars in Missouri? At AutoFoundry, we make it simple to view cars being offered at dealers near you–from your computer or smart phone! Track down a car you like, then notify the dealer and begin the purchasing process. You can buy most of these vehicles through cash or financing, and in some cases you can get pre-qualified for financing online.

Determining How Much You Should Spend

Your income is the primary basis for how much you should spend on a car. Some experts recommend spending around 30 percent of your yearly income on a used vehicle. For instance, the average income in Missouri is $38,603, which would equate to a car costing $11,581 at most. If you’re financing, it’s best to spend no more than 10% of your monthly income on your car payment, while repaying the loan in the shortest time possible. Given a monthly income of $3,217, this equates to a payment of $322, maximum.

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