Full Video Here: https://youtu.be/29zVdJk_Rms | How Much Car Can You Afford By Salary
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Dave Ramsey's has more than 600 million dollars worth of fully paid off real estate. So when it comes to cars, he says the car that you could afford is the car that you could buy outright in cash. That's right, no loan, no payment, no nothing. He also practices the belief that the cost of your car should never exceed half of your take-home salary.
So if you make fifty thousand dollars a year, your total car's value should not exceed twenty five thousand dollars. He also found that throughout a survey more than Ten Thousand Millionaires, the average millionaire drives a four-year-old car with 41 000 miles on it, and that all just helps them be the millionaire that they are today.