How Much Car Can You Afford? Do NOT be Car Poor!

How Much Can You Spend On A Car? We are always talking about buying or leasing a new or used car, but how much can you afford? Whether buying or leasing your monthly payment, do NOT be car poor, have Car Smarts and financial advice.

If I didn't cover anything else, put it in the comments below and I'll be happy to answer your questions.

0:00 How Much Car Can You Afford? Do NOT be #Car Poor Get #financial #advise
1:44 Calculate the car LOAN amount you can afford
2:26 Set a target purchase price
4:20 Bottom Line

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[scott]

This is great advice. Unfortunately, my guess is 90% of car payments are more than 10% of take home pay.

[MrHicks-lovn]

Good and very important advice! Thank you, Princess!

[ckyung]

Ugh. Monthly ball and chain. If I don't have enough money available to buy outright, no-go. I have 3 "cheap" cars. One newer Chevy Trax LTZ, and two older Hondas, an Odyssey Touring and a Honda Fit Sport. I could keep this trio, but want to replace the Fit with a new/er manual performance hatch...maybe Honda Civic Si, Hyundai Veloster N, Mazda3 Turbo AWD, if Nissan makes a hot hatch with their new Sentra...not sure yet, but have plenty of time to compare and shop since I don't have enough dough at the moment to buy anything outright. Fun summer car. Boring winter car. Trusty old camper van.

[neubauerjoseph]

Or how about my apartment mate who bought a 2006 Chevy Tahoe 288, 000 for $4995 cash 💵 but now can’t afford putting tires and new belts, an replace the cats. The repairs alone are about as much as she paid for the car. Don’t forget about people who do this .

[greenthumb]

$300 a month it was 10 years ago.... cars and trucks are going to be very expensive...