 TITLE: How to Get a Car Loan CONTENT: Determine How Much Car You Can Afford\n-------------------------------------\nMost people don't have the cash required to buy a vehicle without financing, which is why when considering the cost of a car, the total monthly expense may be as important as the total price tag.\nTo determine how much car you can afford, consider the total monthly costs, including car loan payments, insurance, gas and maintenance. You also need to look at other monthly debt obligations you may have, such as credit cards, student loans and a mortgage.\nThe total amount of debt you have, compared with your income, is called your debt-to-income ratio, and it can be a factor in whether lenders agree to give you additional credit. Generally, a ratio below 40% is considered good. So if your monthly gross income is $4,000, for example, then your monthly debt expenses should be less than $1,600. END