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Buying a car with the 20/4/10 rule explained
Abhik Das
Noida
03 Mar
14 Mins read
The 20/4/10 car buying rule is a financial guideline that helps you make a responsible car purchase. It suggests a 20% down payment, a 4-year loan term, and car expenses not exceeding 10% of your monthly income. This rule ensures you don't overspend on a car and maintain financial stability. CARS24 provides a comprehensive guide to the 20/4/10 rule, offering practical advice and tips.
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