Read the article bellow for a full breakdown of these car buying rules.
Car Affordability Calculator
Use this car calculator to figure out how much car you can afford using some common car buying rules.
Use this car calculator to figure out how much car you can afford using some common car buying rules.
20/4/10 Guideline
This guideline suggests that you should spend no more than 8% of your gross income on a car payment, 20% on a down payment, and finance the car for no more than 4 years.
1/10th Guideline
This guideline suggests that you should spend no more than 10% of your gross income on a car.
Dave Ramsey's Guideline
This guideline suggests that you should spend no more than 50% of your gross income on all your vehicles and pay cash for them.
Read the article bellow for a full breakdown of these car buying rules.