How Much Car Can I Afford? [What You Need to Know] 

There is no one size fits all answer financial experts can agree on when it comes to how much “Car” you can afford. 

Where do you start when it comes to car buying?

Your Salary Should Determine What Car You Can Afford!

Your annual salary should determine the price of the car you can afford!

Affordable Monthly Car Payments

It’s best to use the “10%” number from the 20-4-10 car buying rule. 

- Auto Payment - Auto Insurance - Gas

The 10% number refers to making sure that no more than 10% of your gross monthly income goes towards your automobile costs. The standard monthly car costs include:

Here are four very simple tips to help with your next car purchase. 

4 Tips to Help You Buy A Car You Can Afford

1. Set a car budget

Before you ever set foot on a car lot or hop on to a car buying website, be sure to set your budget. 

2. Don’t forget about the “Other” car expenses

The biggest car-buying error most people make is not considering all of the other car expenses that go with purchasing a new car. 

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