Olde Hornet
Well-Known Member
I agree with Susie Orman - if you cant afford to pay it off in 3 years, you are spending to much on a car.
https://www.yahoo.com/news/want-buy-car-simple-rule-190900574.html
Maybe you want something reliable that you won't have to constantly take in for repairs. Maybe you want the latest safety or fuel efficiency technology. Or maybe you just want to reward yourself by buying something shiny and exciting.
Whatever your reasons, if you are considering buying a new car, Sethi tells CNBC Make It, there's one big question to ask yourself: Can you afford it?
Running the numbers to determine the answer to that question can be complicated, so Sethi offers what he calls the "20-4-10 rule." Here's how it works.
https://www.yahoo.com/news/want-buy-car-simple-rule-190900574.html
Maybe you want something reliable that you won't have to constantly take in for repairs. Maybe you want the latest safety or fuel efficiency technology. Or maybe you just want to reward yourself by buying something shiny and exciting.
Whatever your reasons, if you are considering buying a new car, Sethi tells CNBC Make It, there's one big question to ask yourself: Can you afford it?
Running the numbers to determine the answer to that question can be complicated, so Sethi offers what he calls the "20-4-10 rule." Here's how it works.