There's bench racing and then there's bench buying.
We all know the drill. You go to the official website of your favorite car of the moment, pick a color, add a few options and then get the bad news -- cars are expensive.
Most of the time, it's just a lottery-winning dream, but every once in awhile you have to really get down to business and figure how much you can really afford. It's not always an easy number to figure out, so we've simplified the process with a new affordability calculator on Edmunds.com.
Just plug in the various parameters and you can easily figure out your monthly payment. Too much? Add a bigger down payment and see how much it falls. Still too much? See what a different interest rate can do.
By knowing how all these parameters affect your final bill, you can go into negotiations knowing exactly what you need to do to get the deal done.
Edmunds.com: How Much Car Can I Afford?
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