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Live in Utah and want to purchase a used car, truck, or SUV? At AutoFoundry, we help you find the vehicle you need before you ever step foot on the dealer lot. Once you find a car you like, it’s easy to contact the dealer and begin the buying process. If you want to finance this purchase, you may want to ask them if a down payment is required.

Used Vehicle Budgeting for Utah Residents

How much should you spend on your new car? That will depend on your income. Numerous personal finance pros advise spending around 30% of your yearly salary on a used vehicle. If you’re earning $37,054 annually, the Utah average–this would be a car costing $11,116 or less. If you are planning to finance this vehicle, don’t spend more than 10% of your income each month on your car payment, while going with the shortest repayment term possible. Given an income of $3,088 each month, this would be a payment of $309, at maximum.

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