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2. How Much Car Can I Afford? How To Calculate - AOL

   www.aol.com/much-car-afford-calculate-212330885.html

   Many financial experts would advise you to not spend more than 10% to 15% of your net monthly income on car payments. For total vehicle costs, which include loan payments and auto insurance, you ...

3. 7 Key Signs That Your Monthly Car Payment Will Break ... - AOL

   www.aol.com/7-key-signs-monthly-car-160050930.html

   Loan Payments Exceed 15% of Your Monthly Income. While developing a perfect formula is difficult, many experts suggest that your car loan payments shouldn’t exceed 15% of your monthly take-home pay.

4. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   For the figures above, the loan payment formula would look like: 0.06 divided by 12 = 0.005. 0.005 x $20,000 = $100. In this example, you’d pay $100 in interest in the first month. As you ...

5. What’s the Rule of Thumb for Car Buying — Is It 3x Your ...

   www.aol.com/finance/rule-thumb-car-buying-3x...

   The 20/4/10 Rule. This rule recommends making a downpayment of no more than 20% of the vehicle’s cost, not taking a loan with a longer term than four years, and not allowing the monthly payment ...

6. Debt service coverage ratio - Wikipedia

   en.wikipedia.org/wiki/Debt_service_coverage_ratio

   The debt service coverage ratio ( DSCR ), also known as "debt coverage ratio" (DCR), is a financial metric used to assess an entity's ability to generate enough cash to cover its debt service obligations, such as interest, principal, and lease payments. The DSCR is calculated by dividing the operating income by the total amount of debt service due.

7. How Much Car Can You Afford? - AOL

   www.aol.com/much-car-afford-134000667.html

   If your gross salary is $60,000, your take-home monthly pay is probably around $3,750, assuming about 25% of your pay goes toward taxes and other expenses. Based on the 10-15% calculation, you ...

8. I’m a Financial Planner: Don’t Spend More Than 15% of Your ...

   www.aol.com/m-financial-planning-expert-most...

   The average American spends $725 on their monthly payment for a new vehicle, according to Experian's data from earlier this year. This is a $75 monthly increase from the previous year. While used...

9. 4 Ways To Stay Ahead on Your Car Payments - AOL

   www.aol.com/finance/4-ways-stay-ahead-car...

   If your monthly car payment seems overwhelming, higher interest rates and vehicle prices may have contributed to your financial strain. Edmunds reported record-high payments in the last quarter of ...