20/3/8 Car Buying Rule Calculator
Recommended Maximum Car Price
About the 20/3/8 Rule
- 20% Down Payment: Put at least 20% down to avoid being upside-down on your loan
- 3-Year Loan Term: Finance for no more than 3 years to save on interest
- 8% of Income: Keep total monthly car expenses under 8% of your gross income
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20/3/8 Car Buying Rule Calculation Report
Your personalized car affordability analysis
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20/3/8 Rule Analysis
Note: The 20/3/8 rule is a guideline for responsible car buying. Always consider your complete financial situation before making a purchase.
