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 car buying rules that can help you understand how much car you can afford.

Edmunds True Cost To Own Calculator: https://www.edmunds.com/tco.html

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

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Timestamps:
0:00 - Intro
0:30 - Current State of Industry
1:15 - Rule 1: The 35% Rule
2:07 - More Conservative "25%" Rule
3:02 - The 20/4/10 Rule
4:34 - The "4" Years
6:13 - The 10% Rule
7:52 - Buy or Lease?
9:35 - Opportunity Cost
10:15 - Car Saving Tip 1
10:47 - Car Saving Tip 2
11:00 - Car Saving Tip 3
11:36 - Lifestyle Creep

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PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel