The 20/4/10 rule for buying a car
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The 20/4/10 rule for buying a car
3 months ago
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कार खरीदने का गोल्डन रूल: जानें क्या है 20/4/10 का नियम? और 15 लाख की कार पर लाखों रुपये कैसे बचा सकते हैं
कार खरीदने का गोल्डन रूल: जानें क्या है 20/4/10 का नि…
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moneyguy.com
The 20/4/10 car buying rule. It can help car buyers decide whether they’re in the financial position to buy a new car. To apply this rule of thumb, budget for the following: A 20% down payment. Repayment terms of four years or less. Spending less than 10% of your monthly income on transportation costs By offering a significant down payment, limiting your loan term and keeping your car expenses low, you can be sure that you’re not overspending on a depreciating asset. source: Lending Tree #person
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