How much should you spend on a car? (Budget & Financial Tips)

In the market for a new car, but don't know how much you should spend? I'll share a simple rule called 20/4/10, which states that: -20% downpayment -4 year max car loan term -10% maximum of your monthly take home pay should go to car payment, insurance, and maintenance Check out my website and other videos below: www.ecarguides.com - Porsche 911 Buyer's Guide Series: https://youtu.be/BoSFn-fpD_U?list=PLy0d3ZMZ3zE72ecZG7srBJNwluM_e8Wps - Porsche 911 Ownership Videos - https://www.youtube.com/playlist?list=PLy0d3ZMZ3zE6MXkmbpgTxqZFmpJ0LPawc - Car Discussions & Advice Videos: https://www.youtube.com/playlist?list=PLy0d3ZMZ3zE5ilKbFuTxOKHqzqLUMsRCO - Product Reviews & Tutorials: https://www.youtube.com/playlist?list=PLy0d3ZMZ3zE50AI9SJZOPlvF32qwngip6 - Porsche Cayenne Turbo Ownership Videos: https://www.youtube.com/playlist?list=PLy0d3ZMZ3zE7TPtOiNBTcwcSisAtuC5af - Car Detailing & Paint Care Videos: https://www.youtube.com/playlist?list=PLy0d3ZMZ3zE5qo6elH7P8duHN70kNnoTw ✪ Subscribe to CarFanatic for weekly Porsche & sports car videos! https://www.youtube.com/channel/UCCbNelp9_Ueza_vkdGn9-cg?sub_confirmation=1 Video Equipment Used: -Canon T5i DSLR: http://amzn.to/2CnlNud -Rode VideoMicro Microphone: http://amzn.to/2D3QN33 -DSLR Tabletop Tripod: http://amzn.to/2zOWmPy -iMovie for video editing