84Month

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Don’t Rush Into an 84-Month Car Loan

Chuck Bell, programs director for advocacy at Consumer Reports, recommends that consumers take a conservative approach to how much they spend on a vehicle. “In the past, the rule of thumb for car financing was the 20-4-10 rule: Make a 20 percent down payment, take a 48-month [four-year] loan, and spend no more than 10 percent of your budget on…