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Planning to Buy a New Car ? 🚘🤔 #shorts
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When it comes to purchasing a car, making informed decisions is crucial.
The 20/4/10 rule is a formula designed to assist individuals in making informed decisions when buying a car.
⇨ Pay at least 20% of the car's total value upfront.
⇨ Keep the loan term to a maximum of four years.
⇨ Your total monthly car costs, like loan payments, insurance, and maintenance, should be no more than 10% of your total monthly income.
#newcar #shorts #gurleenkaurtikku
The 20/4/10 rule is a formula designed to assist individuals in making informed decisions when buying a car.
⇨ Pay at least 20% of the car's total value upfront.
⇨ Keep the loan term to a maximum of four years.
⇨ Your total monthly car costs, like loan payments, insurance, and maintenance, should be no more than 10% of your total monthly income.
#newcar #shorts #gurleenkaurtikku
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