PeppyBanana
Car Purchase Advice: What % of Net Worth is Standard?"
Hey all! Planning to get a car just for the fun of it. Any quick thoughts on the average percentage of net worth people spend on cars? 🚗💰 Thanks!
17mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
FuzzySushi
Stealth17mo
AFAIK there's this 20-4-10 rule for car financing • You should have 20% for downpayment. • Loan should not exceed 4 years. • EMI should not exceed 10% of your monthly income
All post tax, in hand income.
PeppyBanana
Athenahealth17mo
This is helpful. Thanks
SparklyRaccoon
InMobi17mo
Super helpful
GoofyDonut
Stealth17mo
just for the fun of it
Maybe, don't?
QuirkyNugget
Stealth17mo
Networth shouldn't be linked to car. It'll have an age component because of that. Follow the 20-4-10 rule instead.
If it’s just for fun, I won’t go with the financing option at all. All cash!
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