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Buying a car is an enormous financial decision and can cause some sticker shock. Indeed, Kelley Blue Book noted that the average cost of new cars is now more than $47,000 — up a whopping $6,000 ...
4 Ways To Calculate How Much Car You Can Afford. Unfortunately, finding the answer isn’t simple as the car affordability calculator will vary depending on your personal finances, annual income ...
For example, if you bring home $50,000 per year after taxes, your monthly take-home pay is probably around $4167. Based on the 10 percent recommendation, you could reasonably afford to pay around ...
Buying a car on a middle-class budget doesn't mean you can't get a "cool" car. Based on the middle-class income range of $56,600 to $169,800, as identified by the Pew Research Center, and on the ...
When buying a car, one rule of thumb is the 20/4/10 guideline, which suggests putting 20% down on a 4-year car loan, with monthly payments that do not exceed 10% of your monthly income.
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