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The 20/3/8 Car-Buying Rule Explained (And Why It Works!)
Money Guy Show
How to Finance a Car: Tips for Smart and Reasonable Choices
Learn how to finance a car and get a reasonable vehicle without breaking the bank. Put 20% down, finance for more than three years, and keep the monthly payment under 8% of your gross income. However, if you want a luxury car, it's better to pay in cash. Additionally, it's advisable to never have a car payment that exceeds your monthly investments.
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