Everyone’s budget is unique, so there are multiple answers for this.
However, we can give you a small tool that will let you have a good idea of your ability to handle a new payment or not.
Take your monthly income. What is 16% of this? Can you find a car payment of that size?
Example: Your monthly income after taxes is about $2400. 16% of this is about $400. IF you can find a car loan payment below $400, then you should be good.
Once again, everyone’s budget should be custom for themselves, their households and their family. You could need more money, or less, depending on that custom plan.