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How nice would it be to find your new car without having to drive all over town? Here at AutoFoundry, we can help you browse through a huge range of cars currently on local dealer lots. If you have any questions about a vehicle, be sure to contact the dealer directly through the contact form provided. These vehicles are for sale right this moment at dealerships in your area, and most of them can be financed.

Determining How Much You Should Spend

Your income is the primary basis for how much you should spend on a car. Here’s a solid rule of thumb: spend just 30-35% of your annual salary on a used vehicle. So, if you earn $36,379 per year, the average in New Mexico, you should buy a car costing approximately $10,914 to $12,733. If possible, don’t spend more than 50%, or $18,190 in this case. If you plan to finance your new car or truck, only 10% of your monthly income should really be spent on a monthly car payment. Don’t stretch out your payment term to purchase a less affordable vehicle–48 months or less is recommended. If you earn $3,032 per month, you’d end up with a maximum payment of $303.

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