No doubt, new cars look good and smell good, but they are not a good investment. They are expensive and lose value instantly. Did you know that you can pick up a good car in Indiana for less than $5000? Here’s a common rule of thumb: take the salary you make annually and multiply by 0.10. Don’t fork out more than this for a cheap car or truck.
Which means that, for individuals who’ve got a yearly salary of $37,528, the IN average, a good used car budget is $3,753. Be sure to research good used cars. Some tried and true models that you can buy inexpensively include the Honda Civic, Honda Accord, Ford Mustang, Toyota Tacoma, VW Passat, Jeep Grand Cherokee, Subaru Impreza, and Chevy Impala.