How much car can you really afford? (By salary)

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How much car can you afford?

In this video, we go over the rules of buying a car that can help you understand how much car you can afford.

Edmunds True Cost of Ownership Calculator: https://www.edmunds.com/tco.html

Video Calculate + Negotiate a Car Rental Payment: https://youtu.be/DUwdyUcd1L8

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Timestamp:
0:00 – Introduction
12:30 a.m. – Current state of the industry
1:15 – Rule 1: The 35% rule
2:07 – More conservative rule /"25%/"
3:02 – The 4/20/10 rule
4:34 – The years /"4/"
6:13 – The 10% rule
7:52 – Buy or rent?
9:35 a.m. – Opportunity cost
10:15 a.m. – Tip #1 for saving your car
10:47 – Tip #2 for saving your car
11:00 a.m. – Tip 3 to save your car
11:36 – Lifestyle creep

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PS: I am not a financial advisor, any investment comments only express my opinion. Some of the links in this description are affiliate links that I receive a commission from and help support the channel.