Car Buying Articles

10 Steps to Finding the Right Car for You

Step 2: Set Your Budget


Finding the Right Car

Unless you're paying cash for your car, you'll need to think about financing your purchase or lease. How much can you really afford to allocate toward a car payment each month? The general rule is no more than 20 percent of your monthly take-home pay.

Edmunds has some great tools to help demystify pricing and let you figure out what car you can afford. When searching for a car on Edmunds.com (by year, make and model), look for Price Promise offers to get an up-front, guaranteed price on a specific car. To see how the price compares to what others are paying for that car, check Edmunds True Market Value (TMV®). Finally, estimate your monthly payment on the car with the Edmunds Car Affordability Calculator.

Next: Compare Leasing and Buying

Most Recommended Comments

By bluebaker777
on 04/08/13
10:01 PM PST

i have owned 2 nissan maximas. i qwned a 2005, 2010, & a 2011. i only have 10,654 miles on it. its been garage kept. i paid $36,765.98 for thiws car. i got on line qand it told me the car on trade in is only worth $20,182. a private party its worth $21,902. and dealer retail is $23,366. i think this is bull shit. car dealers and insurance compaines are nothing but legal crooks. i have my maxima in the paper and i am asking $25,500.00. i have a brand new set of tires and wheels. my car has been garage kept. i know for a fact when i traded my 2010 maxima in for a 2011 i got ripped off. i came back to the lot a week later and they put a price tag on it, and was asking $29,999.99 for it. so my advice to anyone is to get a aprasile first. bgecaus these dealers will rip you off everytime. there is not a honest car salesman, no wheres. they have 1 thing on their mind, and that is money and screw you. so be careful when you go to buy and trade. and they will tell you the biggest lie there is.

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