Find out how much car you can actually afford
Based on the 15% income rule, you can afford:
A 3-year-old used car worth approximately $6,750 saves you ~$4,500 in first-year depreciation alone. New cars lose 15β25% of value in the first year.
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Educational estimate only. Interest rates vary by credit score and lender. Actual insurance and fuel costs vary by location and driving habits.