Car Affordability Calculator: How Much Can You REALLY Afford?
Dreaming of a new ride? It's easy to get caught up in the excitement and overestimate how much you can afford. This guide helps you calculate your *true* car affordability, considering all the factors dealerships often leave out.
Overview
Monthly payment is only one piece of the puzzle. Our calculator and guide will walk you through a comprehensive affordability assessment, factoring in income, expenses, debt, and long-term ownership costs, ensuring you don't end up 'car poor'.
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FAQ
Don't despair! Consider buying a less expensive car, increasing your down payment, reducing your debt, or improving your credit score to qualify for a lower interest rate.
These are significant ongoing expenses that can quickly strain your budget if you don't factor them in. Ignoring them is a common mistake.
It's a useful guideline, but not a rigid rule. Adjust it based on your individual circumstances and risk tolerance. Focus on creating a budget that works for *you*.
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