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Go back to the 20/4/10 rule. If you bring home $4,200 a month after taxes, your car expenses should be no more than $420 per month. Remember, that includes gas, tolls, maintenance and insurance.
So, according to the 20/4/10 rule, we’re looking at an annual income pushing $160,000. Read more: These 5 magic money moves will boost you up America's net worth ladder in 2024 — and you can ...
Under the 20/4/10 rule, you must make over $150,000 to afford a new car with an initial price of around $48,000. The 35% Rule If the 20/4/10 rule seems a little dated and unrealistic to you ...
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The fourth power law states that the stress on the road caused by a vehicle increases in proportion to the fourth power of the axle load. It was discovered by a series of experiments in the United States in the late 1950s and is used in road construction.
Another option is to follow the 20/4/10 rule, which goes as follows: Save up 20% of the total sticker price as a down payment. Get a loan for no more than 4 years. Ensure your car payment stays at ...
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