The rule of thumb is that you shouldn’t spend more than 20% of your monthly income on your car loan payments.
If you want a better idea what you can afford paying every month try using a auto loan calculator. That way you can estimate your payments and help you choose a vehicle in your budget. Estimate the monthly payments for the vehicle you want to buy at the interest rate you are expecting to pay.
General rule of thumb when borrowing 10,000 dollar auto loan
For a 48 used car auto loan of $10,000, you should be expecting to pay about $230 to $245 monthly with a good credit record, $250 to $275 with average credit, and $300 to $315 with a bad credit score.