How Much Car Can I Afford?
Savings Corner
DECEMBER 25, 2023
What is affordable comes down to how you plan to use your vehicle, so read up on the full benefits and drawbacks of each before you commit. Edmunds recommends that a new car payment be no more than 15 percent of your monthly take-home pay. A used car payment should be no more than 10 percent, but that number varies by expert.
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