How Much Car Can I Afford? (20/4/10 Rule Examples)

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In this video I answer the question, "How much car can I afford?" I show you how much you can afford to pay for a new or used car using the 20/4/10 rule. I focus on real world examples to help new car buyers set a budget based on their income and ability to make a down payment. Graphs are included so you can see what the car payment will be at any price point.

My channel focuses primarily on car negotiation. I recommend the following videos for car buyers asking how to buy a car and how to negotiate car price.

#notwaitingtolive #howmuchcarcaniafford #howtobuyacar

[MichaelMarteens]

I dig the cinematics you put in this video. Good to see you trying new things!

[ld]

Your videos are so useful! I did a similar thing and took off to NZ to backpack after college. Your experience and perspective on finances are helping me navigate car buying as I prepare to relocate for a job. Thanks!

[tinmanslickgreasy]

good video a lot of folks need to see this

[davidkernica]

Question.
If, like my family, someone needs more than one car, do we use this rule to buy all the cars or each?

[kylebailey]

Any tips on negotiating price on a brand new Jeep Wrangler 2020? I assume that dealers aren’t as willing to come down on price since they retain they’re value so well. Thanks!