The 1/10th Rule For Car Buying

Budgeting, Debt, Most Popular

cute little car

“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!” –

[Cute little car shot by emilio labrador]

Last modified: November 30, 2014

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