Determining How Much Car You Can Afford and Where to Find Information

To determine how much car one can afford, visit moneyguy.com/resources for a checklist and a calculator based on the 23/8 rule. The calculator factors in income, interest rate, and basic details to help find the right car price. Consider buying a used car if it aligns with your financial situation and driving habits. New cars may make sense for long-term drivers who maintain their vehicles for years. Expand your search radius outside affluent areas to find better car deals. Be open to traveling further to save money on car purchases.