Do you know 20/4/10 Rule for Car Loan ? Take a look before you buy a car. Car loans have made it expensive cars affordable. Auto loans increase affordability, but it’s always better to arrive at a budget based on income and liabilities. Here are some ways for you to decide on the affordability. This rule helps you decide the budget if you are taking a loan to purchase the car. According to the 20/4/10 rule of thumb, you should be able to pay 20% of the on-road price as the down payment. The loan

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