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The exact amount that you should spend on a car might change depending on who you ask. Some experts recommend that car-buyers follow the 36% rule associated with the debt-to-income ratio (DTI ...
How much should I spend on a car if I make $60,000? If your gross salary is $60,000, your take-home monthly pay is probably around $3750, assuming about 25 percent of your pay goes toward taxes ...
10% of your monthly income: Your total monthly car costs, which include the car payment, maintenance, gas, insurance, etc., won’t exceed 10% of your monthly income. Remember, this is just a ...
Learn how to determine an affordable car payment that aligns with your income, expenses and financial goals using the 20/4/10 rule.
Generally, your total car costs shouldn't exceed 10% to 15% of your take home pay. That means if you make $60,000 but pay for insurance and invest in your 401(k), your take home is likely around ...
June is the worst month to buy a used car, with 30.4% fewer deals than average. May (-27.8%) and July (-22.5%) are also tough months for bargain hunters. And bad news for fathers hoping for some ...
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