When you're planning on buying a used car in Jonesboro, it's important to know your budget in advance before you begin shopping around. It can be easy to fall in love with a car that you may not afford if you don't calculate your budget beforehand. There are a few ways to set a budget and avoid overspending at Bayird Dodge Chrysler Jeep Ram of Blytheville.

Consider Your Income

Financial experts recommend spending less than 10 percent of your take-home pay on a used car if you plan to have a car loan and want to finance your set of wheels. It's also best to spend no more than 20-percent of your income on your total car expenses. If you already own another vehicle, you'll need to cut this percentage in half.

Factor in the Cost of Maintenance

The cost of maintenance should be considered when you're buying a used car in Jackson. You'll need to think about how much it costs for oil changes, new brakes, and routine inspections. You may pay more for maintenance and repairs if you plan to purchase an older model in Millington. The model that you select will also influence how much it'll cost to upkeep the vehicle to keep it running. Make sure you research the costs for maintenance ahead of time to ensure you're buying a used model in Dyersburg that has more reliability and a good reputation in the industry.

Save for a Down Payment

Consider saving at least 10 percent of the purchase price of the car for the down payment. If you can save even more than 10-percent, it will reduce your monthly payment and make it easier to afford a more expensive vehicle. You also need to consider the price of taxes and registration in Blytheville and include these two fees into the cost of the car to avoid exceeding your budget.