Most people have a strict budget in mind when they are looking to buy their next vehicle. Some people's budgets will be more flexible than others, but it is still one of the most important factors when selecting a car. There is more to think about than just a car's price tag, however, when it comes to deciding whether you can afford it.
Even if you can easily afford the monthly payment on your new vehicle, you still may not be able to afford it long term. There are several extra expenses to consider, including insurance costs, regulatory…