Before looking at cars, you must determine what you can actually afford. Experts recommend two primary rules of thumb:
Put 20% down , finance for no more than 4 years , and keep total monthly vehicle expenses (payment, insurance, fuel) under 10% of your gross income . best way to buy first car
Ensure your car payment alone does not exceed 15% of your monthly take-home pay . Before looking at cars, you must determine what
Before looking at cars, you must determine what you can actually afford. Experts recommend two primary rules of thumb:
Put 20% down , finance for no more than 4 years , and keep total monthly vehicle expenses (payment, insurance, fuel) under 10% of your gross income .
Ensure your car payment alone does not exceed 15% of your monthly take-home pay .
