How Much Car Can I Afford?
AcuraAudiBMWBuickCadillacChevroletChryslerDodgeFordGMCHondaHUMMERHyundaiInfinitiIsuzuJaguarJeepKiaLand RoverLexusLincolnMazdaMercedes BenzMercuryMINIMitsubishiNissanPontiacPorscheSaabSaturnScionSmartSubaruSuzukiToyotaVolkswagenVolvo Like any other major purchase, it is important to do your research and your homework before going out to buy. This is especially true if you are going to have to finance your purchase instead of buying outright. If you have to finance a major purchase like a car, then you have to sort out your personal finances. To do this you need to look at: • Income A • Income B (if applicable) • Fixed Expenses • Variable Expenses • Miscellaneous If you have a partner, then both incomes have to come into the equation here. You need to have a good idea of your net income per month and any expected changes that you may happen over the next year. Car payments usually run from 36 to 60 payments. Therefore, you need to have a secure way to pay over the next four years. There
