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According to Capital One, the 20/4/10 rule can help you determine how much car you can afford if you meet these requirements: 20% down payment: You are able to put down at least 20% on the car.
You can use this tool to answer the question, how much car can I afford? As you assess the different aspects of an auto loan, you can decide on your preferred monthly car payment.
Not so much — especially with the average price of a car at $38,000 according to Kelley Blue Book. Gulp. Rule-of-thumb advice on how much car you can afford is everywhere. It’s typical […]
To determine how much you can afford, use an auto loan calculator to find your monthly financing cost. And don’t forget to factor in vehicle costs, like maintenance and insurance . 4.
Buying a car is an enormous financial decision and can cause some sticker shock. Indeed, Kelley Blue Book noted that the average cost of new cars is now more than $47,000 — up a whopping $6,000 ...
Yang outlines two basic rules to determine if you can afford a car. The 20/4/10 Rule The 20/4/10 rule is an old-school financial tool to help you plan a new car purchase.
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