We Can't Ignore This Anymore….Car Buying Rules 101

In this video, we go over how much car you can afford by salary and important car buying rules when buying a car that can save you a lot of money. I also share my monthly car payments and go over whether paying cash for a car, Financing a car, or leasing a car is a better option based on my real-life experience with each one. So you can determine if you should buy a car in cash, finance a car, or lease a car. When buying a car, you should consider the 35% car buying rule and the 20/4/10 car rule because they can save you money on car interest and principal payments, help you pay off your car loan quicker and be debt-free, help you buy an affordable car, and help you keep up with your car-related payments while leaving room for other financial expenses. Your credit score also plays a big role in how much down payment you put on a car, what car interest rates you qualify for, and what your monthly car payments will be, so it's important to have a good credit score. By the end of the video you should understand the following car buying rules: 35% rule 20/4/10 rule This video answers the following questions and topics: Should you buy a car in cash Should you finance a car Should you lease a car How much car can I afford Pros and cons of buying a car in cash Pros and cons of financing a car Pros and cons of leasing a car A BIG thank you to @humphrey for the inspo! Make sure to subscribe and check out his video on the same topic here: https://www.youtube.com/watch?v=mO1eBfJmhR4&t=406s 📺 Watch My Other Videos: When To Pay Credit Cards To INCREASE Your Credit Score In 2023: https://youtu.be/Jn9zYXaF6Os Increase Your Credit Score FAST With These 3 Credit Card Hacks: https://youtu.be/k0Enl_vW7BY How To Build Credit Fast 2022 | ULTIMATE Credit Building Guide: https://youtu.be/qWXlbbmledg The BEST High Yield Savings Accounts Of 2023 (ACT FAST): https://youtu.be/tapjBUTd7Aw The 5 BEST Bank Accounts Of 2023: High Yield (ACT FAST): https://youtu.be/GAYOqj6e4aU ------------------------------- ⏰ LIMITED-TIME OFFERS: 💰- Rakuten (GET $30) ⬇️ https://www.rakuten.com/r/DAYANA3694?... 🏦 Get up to $325 with the SoFi Checking & Savings Account: https://bit.ly/SoFiBDayana 💳 - SoFi Credit Card (GET $50) ⬇️ https://bit.ly/soficreditcard 💳 - Chime (GET $100) ⬇️ https://bit.ly/3QaYYzZ -------------------------- MY YOUTUBE EQUIPMENT: 📷 - Camera: https://amzn.to/40NgDCq 🖥️ - Computer: https://amzn.to/3nQDlLj 🎙️ - Microphone: https://amzn.to/3KhfPhS 💡 - Lights: https://amzn.to/3KyWdr1 💡 - Lamp: https://amzn.to/40Z5nCk ✅ - Teleprompter: https://amzn.to/3WXN3Hk 🛋️ - Minimalistic couch: https://amzn.to/3zysSGG -------------------------- I am not a lawyer,CPA, lender, realtor or a financial advisor. The content in my videos should not be taken as legal, tax, financial advice, etc, and may or may not be outdated or inaccurate as the time this video was posted. It is your responsibility to verify all information from the video on your own. This is a YouTube video for Entertainment purposes ONLY. If any company is mentioned is because Dayanaplays has an interest in them. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a commission or referral bonus. PLEASE DO NOT make buying or selling decisions based on Dayanaplays videos. If you need advice, please contact a qualified professional as I am not one.