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How to Eliminate the Two Biggest Sources of Financial Stress
The Art of Manliness
Financial Considerations When Buying a Car
When buying a car, it's crucial to do your homework by determining the value of your trade-in and the cost of the new car. This research is essential to ensure you are not overpaying. Additionally, it's recommended to factor in other costs of owning a car such as maintenance, insurance, and depreciation. One should aim to spend no more than 10% of their income on transportation, including all associated costs like gas, insurance, and yearly depreciation. By considering these financial aspects, you can make a more informed decision about purchasing a car within your budget.
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