How much should I really spend on a car?

How much should I really spend on a car? The rule of thumb seems to be 30% of your income, but that gives me only $12k as a budget which doesn’t buy much in the current market. I can still get a few months out of my current car, but it is becoming a hazard so I plan on buying the next newer model available in my area. They’re usually priced between $15k and $22k. I have $16,000 in savi...

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