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Average used car requires $120K in income to afford, according to the 20-4-10 rule — advisors call it a 'wealth killer'
There’s an old test for whether you can actually afford a car. Put 20% down, finance for no more than four years and keep everything the car costs you — payment, insurance, fuel, maintenance — under …
Yahoo Finance — 14 June 2026
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There’s an old test for whether you can actually afford a car. Put 20% down, finance for no more than four years and keep everything the car costs you
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