Weegy: What can you do to figure out how much you can afford when buying a car?
The #1 way to tell if you can afford a car or not is apply for a loan. If you are approved, you can afford it.
You wont be, of course. [
But a secondary rule of thumb would be your payment should be no more than 15% of your gross monthly income.
Which, in your case is about $110 per month.
Very few lenders will lend to someone with such a small ... (More)