Emily predicted her car payment to be $350 each month. Her actual car payment is $325 each month. Enrique predicted his car payment to be $ 250each month. His actual car payment is $175 each month. By what percent was each person's prediction off? Which prediction had the smaller percent error?
In general, you should strive to pay somewhere between 10% and 35% of your income on a car. This means that, depending on your income, you may not be able to afford a top of the line new car.