Build Your Financial Toolkit: How Much Car Can You Afford? There is a minimum of 120 characters required to post and earn points. If submitted, your response can be viewed by your instructor. Review your budget to see how much you can afford. Then, if you own a car, use the resources mentioned in the chapter to find out what your car is worth as a trade-in and what it's worth if you sell it privately. Next, find a car you may be interested in purchasing and utilize the chapter resources to find a fair price for the car. Look up current auto loan interest rates. Once you have researched this information, use the Car Payment Calculator to determine how much you can afford to spend on your next car. 1. How much car can you afford? 2. Do you own a car? What is it worth as a trade in and what is it worth if you sell it privately? 3. What car are you interested in purchasing? 4. What is a fair price for that car? 5. What are the current auto loan interest rates? 6. Using the Car Payment Calculator, how much can you afford to spend on your next car? Write your response here... Save draft Submit 0/120 minimum 74F Home End F6 F7 F8 F9 & 7