Buying A Car This Festive Season? Understand The 20/4/10 Rule First!

As the festive season brings enticing car deals, consider the 20/4/10 rule before taking a loan. This guideline suggests a minimum 20% down payment, a maximum loan term of 4 years, and that your total transportation costs should not exceed 10% of your monthly salary. Aim for a larger down payment and consider base models or used cars to stay within budget.