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2. How Much Should My Car Payment Be? - AOL

   www.aol.com/much-car-payment-145003598.html

   Within the 20/4/10 rule, the guideline is to pay less than 10% of your gross monthly income toward car-related expenses, including the payment and other costs. Below are some of the many car ...

3. How Much Car Can You Afford? - AOL

   www.aol.com/much-car-afford-134000667.html

   If your gross salary is $60,000, your take-home monthly pay is probably around $3,750, assuming about 25% of your pay goes toward taxes and other expenses. Based on the 10-15% calculation, you ...

4. The average cost of owning a car - AOL

   www.aol.com/finance/average-cost-owning-car...

   Based on data from Experian, the average monthly loan payment for a new car is $726, while drivers paying on a used vehicle pay an average of $533 monthly. The majority of individuals—79 percent ...

5. Amortization schedule - Wikipedia

   en.wikipedia.org/wiki/Amortization_schedule

   An amortization schedule is a table detailing each periodic payment on an amortizing loan (typically a mortgage), as generated by an amortization calculator. [1] Amortization refers to the process of paying off a debt (often from a loan or mortgage) over time through regular payments. [2] A portion of each payment is for interest while the ...

6. Amortization calculator - Wikipedia

   en.wikipedia.org/wiki/Amortization_calculator

   Amortization calculator. An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.

7. How Much Car You Can Actually Afford on Your Salary ... - AOL

   www.aol.com/finance/much-car-actually-afford...

   You can commit up to 10% of your pretax income toward a car payment rather than 8%. Assuming the same 5.69% APR and $50,000 salary, the 20/4/10 rule allows for a $416 monthly payment over 48 months.