The payment is only one part
A car payment is easy to compare, but it is not the full cost. Insurance, fuel, maintenance, tax, repairs, parking, and depreciation can change affordability dramatically.
Think in total ownership cost
Add the monthly loan payment to expected running costs and divide irregular costs into monthly amounts. This gives a clearer picture of whether the car fits your budget.
Why depreciation matters
Depreciation is often the largest hidden cost. A cheaper monthly payment on a rapidly depreciating car may not be cheaper overall.