20 дек. 2023 г. · The rule means: 20% down, 10% of gross monthly income for your max car payment, and no more than 4yrs/ 48 month car loan.

10 янв. 2024 г. · Dave Ramsey generally says “The total value of all your vehicles shouldn't be more than half your annual income”.

8 сент. 2023 г. · The common "rule of thumb" is that no more of 10% take-home pay on a car payment and no more than 20% of take-home pay on car expenses (payment ...

2 нояб. 2023 г. · You spend 10% of income on vehicle, 30% on housing, 20 % (at least) on savings and 40% is what you live off of.

16 янв. 2024 г. · The rule is that you should spend no more than about 10-15% per year on transportation. You're not buying a 20 year old Honda every year.

15 февр. 2023 г. · Total vehicles should be no more than half your gross annual income. So if you need two cars and your household income is 70k you can afford 35 ...

4 янв. 2024 г. · I understand the 20% down, pay off in 3 years. Where I'm a bit foggy is the total payments equal 8% or less of gross annual income.

16 июн. 2023 г. · In fact - use the 20/4/10 rule : 20% down payment, 4 years maximum financing, 10% of income (and better to use net income to keep it ...

24 нояб. 2023 г. · Follow the 20/3/8 rule. 20% down, financed for no more than three years with a payment no more than 8% of your monthly take home. If the math ...

30 нояб. 2014 г. · Every finance website I go to has a general rule of thumb to not spend more than 20% of your annual income on a car.