Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car
The Truth About Cars
JANUARY 16, 2024
Beyond that, they suggest making a down payment of at least 20 percent and financing the thing for no more than four years. Setting some variables in this equation, they propose a monthly insurance rate of $147, fuel costs of $260 per month, and maintenance pegged at $95.50 per month (about 10 cents per mile).
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