The 1/10th Rule For Car Buying

"The 1/10th rule for car buying is simple. Spend no more than 1/10th your gross annual income on the purchase price of a car. If you make the median per capita income of ~$42,000 a year, limit your vehicle purchase price to $4,200... Absolutely do not go and spend the median car price of $24,000!" - FinancialSamurai.com

------- [Cute little car shot by emilio labrador]