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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. Have a Huge Car Payment? See How It Compares to the ... - AOL

   www.aol.com/huge-car-payment-see-compares...

   The average American spends 6% of their annual income on their car payment. Car payments vary significantly depending on the make and model of the vehicle and how large of a down payment you can ...

4. What’s the Rule of Thumb for Car Buying — Is It 3x Your ...

   www.aol.com/finance/rule-thumb-car-buying-3x...

   What’s more, the average car payment for new vehicles was a record-high $738 per month in the fourth quarter of 2023, a 2.5% increase from the fourth quarter of 2022, according to LendingTree ...

5. Debt-to-income ratio - Wikipedia

   en.wikipedia.org/wiki/Debt-to-income_ratio

   The second DTI, known as the back-end ratio, indicates the percentage of income that goes toward paying all recurring debt payments, including those covered by the first DTI, and other debts such as credit card payments, car loan payments, student loan payments, child support payments, alimony payments, and legal judgments. [1]

6. I’m a Financial Planner: Don’t Spend More Than 15% of Your ...

   www.aol.com/m-financial-planning-expert-most...

   The average American spends $725 on their monthly payment for a new vehicle, according to Experian's data from earlier this year. This is a $75 monthly increase from the previous year. While used...

7. Car costs - Wikipedia

   en.wikipedia.org/wiki/Car_costs

   Car finance comprises the different financial products which allows someone to acquire a car with any arrangement other than a single lump payment. When used, and for the purpose of assessing the private financial costs, one must consider only the interests paid by the car owner, as some part of the amount the owner pays each month for the finance is already embedded in the depreciations costs.