: This conservative approach suggests you put 20% down , finance for no more than 3 years , and keep your monthly payment at or below 8% of your gross income .
: A more common guideline recommending a 20% down payment , a 4-year loan term , and a total transportation cost (including insurance and maintenance) of no more than 10% of your gross income . auto debt
: The cost of borrowing that money, which is typically calculated daily based on your remaining balance. : This conservative approach suggests you put 20%