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This is a dumb way to determine whether someone can "afford" a car.
What's a better metric?
Comparing the amoritization of paying off a loan to the amount of debt held.
Can you expand?
Monthly payments depend on loan term and interest rates as well as principal. I don't think that is a good way to determine whether you can afford something.
They didn't list out every factor of the standard advice. The standard advice also includes 20% down and no longer than a 48 month payback period. So it more or less locks it in, other than rate.