You have reviewed your budget and determined that you can afford to pay $300 per month as a car payment. How much can you borrow if your credit is good and the interest rate is 4 percent using a 48 month loan? How much can you borrow if your credit is bad and the interest rate is 8 percent using the same loan term? In this example, if you have bad credit but the car you want requires that you borrow $13,250, how could the financing be changed to allow you to borrow more money without increasing your payment?