Car Buying Rule 20-4-10-50

Nov. 17, 2024, 7:31 a.m.


Are you planning to buy a car but worried about overspending or managing your finances? The 20/4/10/50 rule is the ultimate guide to buying your dream car without breaking the bank! 🚘

In this video, we explain:
✅ Why a 20% down payment is essential.
✅ The benefits of keeping your loan term within 4 years.
✅ How to calculate an EMI that fits within 10% of your income.
✅ Why your car's price shouldn't exceed 50% of your annual income.

We’ll break it down with relatable examples, perfect for Indian families planning their next big purchase.

Are you planning to buy a car but worried about overspending or managing your finances? The 20/4/10/50 rule is the ultimate guide to buying your dream car without breaking the bank! 🚘

In this video, we explain:
✅ Why a 20% down payment is essential.
✅ The benefits of keeping your loan term within 4 years.
✅ How to calculate an EMI that fits within 10% of your income.
✅ Why your car's price shouldn't exceed 50% of your annual income.

We’ll break it down with relatable examples, perfect for Indian families planning their next big purchase.




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