When looking at my financial plan, how much of a car payment can I afford?

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asked Dec 22, 2023 120k views

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Duber · Answer 1 · 2023-12-28T07:41:52+0000

Answer:

It depends on your financial plan, however financial experts have recommended that your monthly payment should be around 10% - 15% of your monthly take-home pay. Your total monthly car expense should not be more than 20% of your monthly income, including the car payment, insurance, etc.

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When looking at my financial plan, how much of a car payment can I afford?

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