Finding the Right Budget for a Used Car

Purchasing a used car lets you save a lot of money on upfront costs. However, that doesn't mean that you don't need to stick to a budget. We here at Lithia Kia of Anchorage want you to make a purchase you're comfortable with, so here are some tips on how to create a budget.

Many drivers in Anchorage, AK choose to buy used cars with cash. This is a great option if you have a good chunk of change saved up. Not only do you not have to worry about the added costs of interest, but you already have a set budget to work with.

If you don't want to put down a lot of cash for a used car, you can also use a loan. Before you start your search, it's a good idea to determine how much you want to use for a down payment. Don't forget to set some money aside for insurance, registration, and other associated fees. From there, you can get pre-approved for a loan or work with us directly to go over some of your options. There are many tools out there to figure out how much you can afford based on monthly payments and interest.

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