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How To Set Your Car Buying Budget

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How to Set Your Car Buying Budget


Getting your next vehicle, whether it’s new or used, should be an exciting process, not a stressful one. The best way to avoid any anxiety when you step on the lot is knowing exactly what your budget is ahead of time. Your budget shouldn’t just include a vehicle’s sticker price, but monthly payments, trade-ins, and your local driving needs. When shopping with The Sisbarro Dealerships, we won’t only help provide you with your ideal vehicle, at a rate you can afford, but the team across our Southern New Mexico locations can help you create the budget for your next purchase.

Rule For Monthly Payments

The general rule of thumb is that your monthly car payments should rest between 10% to 15% of your take-home pay. For example, if you take home $3,000 a month, your car payments shouldn’t exceed $450. When commuting through Las Cruces or Deming, having a comfortable payment helps you maintain your peace of mind while on the road.

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Don’t Forget About Everyday Costs

Of course, your car budget doesn’t just include your loan payments, but auto insurance, fuel, and routine maintenance. Don’t forget to leave a little room in the budget for these things, as well as any unexpected issues.

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Trade-in Your Current Vehicle

When you trade-in your current vehicle it can act as an immediate down payment, shrinking the size of your loan and your monthly payments. You can get an idea of how much your car might be worth by using our 10-Second Trade Tool to get a good estimate, helping you better understand your buying power.

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Find the Right Financing For Your Credit Score

Whether you have pristine credit or need to build back up your credit score, the team at our finance center can help you create a payment plan. Our Extra Effort Financing is different from “buy here, pay here” dealerships in that you still interact with credit lenders, allowing you to improve your credit rating as you make payments over time.

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Shop with Confidence in Southern New Mexico


When you shop with us, you know you’re getting the best deal possible thanks to the Sisbarro $1000 Guarantee. This deal means that if you find the same model for a better price at a different dealership, we’ll give you $1,000 right there! Whether you want a new GMC, Volkswagen, or CDJR model or are looking for a high-quality used car, our inventory has plenty to offer you at an excellent price. If you have any other questions about our financing options, don’t hesitate to contact us online at The Sisbarro Dealerships.

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