ilmscore | Car Affordability Example (238 Rule) Predictions

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Accuracy

Recent Predictions

Total: 4

Correct: 0

Incorrect: 0

Pending: 4

Unrated: 0

Prediction

Author

Predicted at

Status

Video

An individual earning $45,000 annually could afford an $8,000 car with a $1,600 down payment, resulting in a monthly payment under $200.

"if you make $45,000 a year this means that you would be able to afford a car worth about $8,000 beca..."

Jun 26, 2023

Pending

An individual earning $75,000 annually could spend $500 a month on transportation, allowing for a $116,000 car with $3,200 down.

"if you have an income of $75,000 a year you'd be able to comfortably spend about $500 a month in tra..."

Jun 26, 2023

Pending

An individual earning $225,000 annually could afford a car in the $26,000 range, assuming 20% down and a 3-year loan.

"at an income of $225,000 a year you'd be able to comfortably afford a car in the $26,000 bracket"

Jun 26, 2023

Pending

An individual earning $200,000 annually could afford a $40,000 car, assuming 20% down and a 3-year loan.

"at $200,000 a year you could pay for a $40,000 car again assuming 20% down and a three-year loan"

Jun 26, 2023

Pending