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ThrowawaySF__ OP t1_j6o7eqj wrote

Reply to comment by leadfoot9 in How much car can I afford? Typical rule of thumb doesn't work for me. by ThrowawaySF__

Yes, I was talking about monthly payments, sorry. And perhaps it's not a rule, I just did a search in the reddit task bar and saw it repeated in all the "how much car can I afford" posts.

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I didn't think that was an applicable rule for me because 15% of 24k is 3k+. Don't think I can actually afford that.

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leadfoot9 t1_j6o8u39 wrote

Yeah, that sounds insane. Are you sure it isn't full retail price of the car vs. gross annual income?

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