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Fitting a car into your household budget is no easy task, and financial experts do not agree on how to determine its affordability. One school of thought holds that all your automotive expenses ...
The three rules of car financing. The rule of thumb when it comes to smart auto financing is the 20/4/10 ratio. According to this rule, when buying a car, you should put down at least 20 percent, you should finance the car for no more than 4 years, and you should keep your monthly car payment (including your principal, interest, insurance, and other expenses) at or below 10 percent of your ...
How much car can you afford? Find out how much you should spend on a car in your twenties and why—unless cars are your absolute passion—it’s probably way less than you think.
Deciding how much car you can afford is critical. We provide several rules of thumb and help you make the analysis so that you can make a smart, informed decision.
Use the Cars affordability calculator to specify the monthly amount you wish to pay to cars within your budget.
Compare Pricing Easily. Aptera's Quote Compare tool helps you quickly compare rates.
How much car can I afford is a question shoppers need to answer fully before choosing a new car that's beyond reach financially. These tips from Consumer Reports will help you choose a new car wisely.