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Old 06-03-2011, 02:27 PM   #7 (permalink)
frost
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Columnist Liz Pullium Weston wrote in one of her “Money Talks” columns that "Most people are smart to limit their total transportation costs, including car payments, insurance, maintenance and fuel, to no more than 10 percent of their gross income."


Not sure what the size of your downpayment is, what kind of interest rate you would be getting, etc., so it's a little hard to tell you if you can afford it.
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