J.D. Byrider - The Way to Go! J.D. Byrider - The Way to Go! J.D. Byrider

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Budgeting for a Used Car We’ll Help You Create a Budget

At J.D. Byrider, we try to make the initial cost needed to get the keys to your vehicle low because we know you don't always have time to save up when you're buying a car on a budget. Often, cars quit without warning, leaving you with no vehicle to get to work, which means you have to buy a replacement quickly. If you do have time for budgeting for a car before you need to replace yours, there are a few things you can do to get the most out of your budget.

1. Take Control of Your Budget

To control your budget, you first need to know what it is. Write down every source of income you have, from jobs to child support payments, on the left side of a piece of paper. On the right side, list everything you spend it on, from your usual morning coffee to your cell phone bill. By adding up the left side and subtracting it from the right side, you can see how much you should have left every month.

2. Avoid Extra Expenses

Just like crash diets never work, neither does cutting out all your unnecessary spending. Keep the things you get the most pleasure from that cost the least, and cut out big budget items or the little things that add up but don't significantly add to your happiness.

3. Keep Your Favorite Indulgences

Some things can make or break a week. For example, if you treat yourself to fast food once a week, don't skip it to save up money for your big purchase. The enjoyment you get from it is probably worth the money you'll spend. On the other hand, if you're hitting the steakhouse once a week, you may consider cutting back to once every other week.

4. Create a Social Schedule

Most social events cost more money than you would regularly spend on yourself. Plan a list of activities you can do that won't cost much money, including meeting friends for coffee instead of dinner, or inviting them over for board games instead of going out for a movie.

5. Have a Goal

It's easier to save money and say no to extra spending when you have a clear goal in mind. For you, it may be a reliable used car. Visualize yourself in the car whenever you're tempted to blow a little extra money, and weigh whether delaying that goal is worth the treat you're considering.

If you come to J.D. Byrider for a used car, one of the first things we'll ask you is how much you’re budgeting for a car each month. We won’t try to get you to spend more each month than you should—our no-haggle pricing and company policy prevents that.

Instead, we're trying to find you the right car with the right payment for you. We have a wide selection of makes and models at all different price points on our lots, so we'll use your self-provided budget to help you find a car you can afford.

If you're not sure about your car budget, start here:

  • How often you get paid
  • If you have any other sources of income
  • How much your rent/mortgage costs
  • How much your insurance costs
  • How much you spend on food
  • Your recurring monthly expenses (medical bills, medication costs, credit card bills, child support, etc.)
  • How much disposable income you need to do the things you enjoy
  • If you want to trade in your car for another car

When you’re looking at vehicles, it’s important to set your sights on a car you can afford realistically, and budgeting can help you figure out what that means for you.

*$0 down. DEALER WILL FINANCE ADDITIONAL DEFERRED DOWN PAYMENTS. Does not include tax, title or fees. Limited offer with approved credit on select vehicles at participating dealers. See participating dealer for full details and down payment required. Your down payment may vary. Sample deal: 40 monthly payments of $34.97 per $1000 financed at 21% APR. Your payment and interest rate may vary.

**Your payments may be as low as $150 every 2 weeks. Limited offer with approved credit on select vehicles at participating dealers. See participating dealer for full details on payment amount, interest rate and payment schedule. Sample deal: 87 biweekly payments of $15.94 per $1000 financed at 21% APR. Your biweekly payments and interest rate may vary and may be different than the sample deal.

***J.D. Byrider is not authorized to make safety recall repairs, so vehicles may be subject to open recalls. Visit www.safercar.gov for more information about recalls.

Each J.D. Byrider dealership is independently owned and operated.