Go ahead, ask a couple of financial experts, “how much car can I afford?” Chances are you’ll get quite a few different answers.
Whether it’s the “10% gross income rule” for monthly car payments and expenses or the “25% rule” for purchasing a new vehicle, there is no one size fits all answer financial experts can agree on when it comes to how much “car” you can afford.
Chances are, you might not be able to afford the car you truly desire, but you’re looking for affordability.