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How Much Car Can I Afford? The 20/4/10 Rule, Worked Out
On $75,000 a year the 20/4/10 rule allows $625 a month in total car costs. After $375 for insurance, fuel and maintenance, about $250 is left for the payment — roughly a $10,400 loan at 7% over 48 months, or a $13,000 car with 20% down. The average new car costs $51,109 and needs about $162,000 a year.
Asad · Nov 11, 2026 Read article →