Escape the 10% trap: A better way to determine car payments
Normalcarbuyer Normalcarbuyer
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 Published On Jul 17, 2023

DO not listen to the 10% rule when buying a car. The 10% rule says that you CAN spend 10% of your yearly income on a car. That is STUPID. It is a relative. Some people will need to pay more and majority of people should pay less for their cars. The reason the used and new car market is out of control is because people won’t stop playing the game! Find a good car that you like and place it in your budget. There is no reason to over spend on a depreciating asset. I LOVE cars and I have never bought anything out of my budget. DON’T DO IT!

@Donut

@CarEdge Follow for good tips about the car buying process

@DougDeMuro Will tell you all about deferent cars

#carbuyingtips #carbuyingadvice #carmarket #usedcars #rant #mercedesbenz #mercedes #honda

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