How long did you want to finance for? The term will greatly affect your monthly payment. If you do a 60-Month Term, with $12K trade and $5K down, you can probably afford around $40K car depending on your APR. If you do 48-Months, a car around $34K. 36-Months would be around $30K. You get the idea.
A high mileage E9X M3
A low mileage E46 M3
A current Mustang GT
and my sleeper pick is a Genesis Coupe 3.8 Track
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