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Dave Ramsey's Car Value Guideline

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Dave Ramsey advises that a car's value should not exceed 50% of your take-home salary, meaning for a $50,000 income, the car should be worth no more than $25,000.
"the cost of your car should never exceed half of your take-home salary so if you make $50,000 a year..."
Graham Stephan Graham Stephan
Jun 26, 2023
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How Much Car You Can...