For many of us, buying a new car boils down to this—how much can we afford to pay each month? While frugal shoppers spend 10-15 percent of their monthly income (after taxes) on a new car, the average buyer nowadays forks out as much as 25 percent. And there are certain car fanatics out there who spend as much as 50 percent of their monthly income on their car. By using information such as your down payment and desired monthly payment, our Car Affordability Calculator determines which new cars, trucks, and SUVs are within your safe financial grasp.
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