Me and my wife have a 375 dollar car payment. We also have 5000 left over every month after bills, food and 20% retirement investing. In our case, the car payment is hardly even noticeable.
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Your car payment in general should not exceed more than 20% of your takehome.
MastaBro t1_jeemmjr wrote
Reply to Is a $500 car payment too much by [deleted]
This is entirely income based.
Me and my wife have a 375 dollar car payment. We also have 5000 left over every month after bills, food and 20% retirement investing. In our case, the car payment is hardly even noticeable.
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Your car payment in general should not exceed more than 20% of your takehome.