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The benefits of a down payment on your car are clear, but if you can't yet reach that 10-20% minimum, you can still take steps to get there. First, do your research.
You should aim to put 20% down when you purchase your vehicle. 4-year repayment term. ... The amount you should spend on a car varies based on the other financial details of your life. But if you ...
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).
According to Capital One, the 20/4/10 rule can help you determine how much car you can afford if you meet these requirements: 20% down payment: You are able to put down at least 20% on the car.
Here’s what you need to know. How Much Should You Spend on Your Car? ... a general rule of thumb is to spend no more than 20% of the car’s total value as a down payment. We can also extend the ...
Trying to figure out how much car you can afford? We break down how to calculate the monthly costs of owning a car to help you decide how much you can spend.
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