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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. 4 ...
Based on the 20/3/8 rule, you can afford a $333 monthly car payment. With a 36-month loan that has a 5.69% annual percentage rate (APR), you can afford to finance about $11,000. That means finding ...
Based on the 10% recommendation, you could reasonably afford to pay around $416 for a car payment each month. Of course, you don't have to spend the full 10% of your monthly earnings on a car. If ...
“How much car can I afford?” is question No. 1 before visiting a showroom or browsing the internet. But easy to answer? Not so much — especially with the average price of a car at $38,000 ...
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.
Giranda said, “A used Toyota Corolla or Honda Civic can typically be found for between $16,000 and $23,000, depending on the condition and mileage. These models retain their value well and are ...
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