: Beyond the loan, factor in insurance (which is often higher for new drivers), fuel, registration, and a maintenance fund.
“Be realistic... If your budget is $5k, you most likely won't get a car that is less than 8 years old and has less than 90k miles.” Reddit · r/personalfinance · 6 years ago how to buy your first car
Experts across several sources emphasize that your budget is much more than just the sticker price. : Beyond the loan, factor in insurance (which
: Always run a CARFAX or AutoCheck report to look for past accidents or title issues. : Beyond the loan
: Experts at USAA and CARFAX recommend spending no more than 10–15% of your take-home pay on a car payment.