### 238 규정 이해하기: 자동차 금융 및 부채 관리

### 238 규정 이해하기: 8% 자동차 대출 한도에 대한 설명
* 🚗 238 규칙에 따르면 자동차 대출은 **소득의 8%를 초과해서는 안 된다**며, 이는 개인이 재정 여정을 탐색할 때 과도한 부채를 방지하는 것을 목표로 합니다.
* 💰 이 비율은 학자금 대출 및 모기지 등 다른 재정적 의무를 수용하도록 설계되어 **자동차 할부금으로 인해 자산 형성 노력이 방해받지 않도록 보장**합니다.
* 🔍 **10%와 같은 높은 수치 대신 8%로 한도를 설정**하기기로 한 것은 자동차처럼 감가상각이 진행되는 자산에 대한 두 자릿수 부채를 피하고자 하는 마음에서 비롯된 결정입니다.
* 📊 평균 자동차 할부 기간이 **80개월에 육박**하고 할부금이 **700달러를 초과**하는 상황에서 많은 구매자가 마이너스 자산 상황에 처하게 되므로 자동차 구매에 보다 엄격한 접근 방식이 필요합니다.
* 🛠 238 법칙은 단순한 수학적 공식이 아니라 **다양한 부채를 떠안고 있는 20~30대 개인의 실제 경험**을 바탕으로 한 실질적인 고려 사항을 반영한 것입니다.
* 📉 이 규칙은 부를 쌓는 여정을 시작하는 사람들을 위한 다리 역할을 하며, **책임감 있는 자금 조달**을 장려하는 동시에 향후 차량 구매 시 **현금을 지불하는 것**을 목표로 합니다.
* 💡 **8%라는 수치**는 가이드라인으로, 개인이 재정적 안정과 성장을 궁극적인 목표로 삼아 더 적은 자금을 조달하거나 더 많은 금액을 선불로 지불할 수 있는 유연성을 허용한다는 점에 유의해야 합니다.
* 🏦 개인이 금융 생활을 발전시키면서 **차량 비용을 현금으로 지불하는 방식**으로 전환하여 부채를 최소화하고 전반적인 재정 건전성을 향상시킬 수 있기를 바랍니다.

238 규칙은 다른 재정적 의무를 관리하면서 재산 형성을 보호하기 위해 8%의 자동차 대출 한도를 제시합니다.

In regards to the 238 rule, how did you end up at the 8% number? I can understand that the 20% down in 3 years helps mitigate depreciation on the car and time out of the market, but I'm curious how you landed on the 8%. Would you like

to explain yourselves? Let me think through all right, so I'm trying to go back because there are a lot of rules of thumb out there, and you can go like Google like "car buying rules of thumb", and you'll get a bunch of different answers from a

bunch of different people. For all the rules that we design and all the things that we come up with, try to help you, what we try to do is take a rule of thumb or a commonality or something that's like general guidance, but we want

to apply like real-worldness to it. We want to apply, okay, how does this actively play out and what is this like in my life, in my situation? The situation of the clients with whom we work can say something though, yeah, is that look without a doubt is cuz it is more of an

encompassing because we know there's other debts, and I always was thinking about, you know, we have these other rules, but there was also there was a just a tinge of I didn't the double digit, and I guess we could have put 9% if we wanted

to give a little more, but I just did not want car loans to be a double-digit part of your life because they're they're just horrible already for your financial life, so why in the world would you want a double-digit obligation that's depreciating the

moment you drive it off the lot, yes, that's exactly where we were going in terms of reverse engineering. We're thinking about what are most people faced with when they... because remember 238 is the stage of your life, the stage of your financial journey where you're probably

not at the ability to pay cash for an automobile yet. You need to finance in order to have some sort of reliable transportation. Well, most often in those situations and seasons of life, there are other things pulling on you in addition to maybe having a car payment. You might

also have graduated with some sort of student loan debt. You probably have a mortgage. You might have people like children or spouses or whatever pulling on the resources that you're creating. And so we didn't want the car to be something that took your wealth building

journey off track. And so we just kind of sat down and said, 'All right, there's a common rule of thumb: 10%. What's that look like? It seems too aggressive, and if you have these other things going on and we want you to be aspiring to save 25%',

when we think about okay how much is housing, how much is saving, how much is giving, how much is taxes, how much are these different things? It wasn't exactly a plug number because again we wanted to be realistic. We could have said 232 and you could have had like an incredibly

affordable automobile. We wanted it to be realistic, but we also want it to be practical and prudent so that you could actually get a car that you could actually afford and still be able to meet and satisfy all of your other financial goals. So I'd like to tell you

there's some magical, like incredibly well-thought-out mathematics to the eight. It was much more reverse engineering to see what practically makes sense and what was our experience as we were coming through the early years of our wealth-building journey. Look, the typical car buyer these days

when you look at the annual stats, we're getting close to 80 months on the financing. We're getting to over $700 a month in car payments. The majority of people are doing cars with negative equity, meaning that they made such a bad deal on the last car that they drove

that they're having to roll the loan balance into the new car. Um, and so America needs somebody to be hard with them on these car purchases, cuz they, they're literally driving their wealth around instead of building that wealth to build finances. So yeah, we took a hard

line. I didn't want it to be double digits. I also wanted to make sure because look, but there's also the tipping point the other way, whereas I know there's clunkers out there that yeah, maybe it'd be best if you bought a

$1,000 car, but is a $1,000 car going or a $5,000 car even be something that you can get that's going to safely get you or even put your family in? And that's where when when we played around cuz we

are nerdy and I'm, I'm willing to say yes, there is some math in this that um, this is where we landed because I felt like if you coordinated this with all the other debt rules, you'll see that this, this is going to balance itself out and

also remember we had that person a few weeks ago try to break he added up all these different rules that we have and I said you know what this person is not taking into account is that your life in your 20s is going to look different than

your life in your 40s and you're definitely in your 30s and your messy middle and that's what I love is car loan debt is typically something that you're going to experience probably in your 20s maybe even 30s as you're getting started but

Financial mutants don't even have car debt because as you get into your 40s and beyond and life starts feeling a little easier you're going to be paying cash cuz cash is preferred but this is going to be the rule that's going to be

that bridge that lets you get you that first wealth building tool which is your J.O. and remember 8% is the upper threshold 238 does not mean that you can only put down 20% that you must pay it off over three years or that it has to get 8% those are

the end of the threshold you can put more down you can finance it for a shorter period of time or it could only represent 3 to 4% of your income those are the like upper thresholds the upper limits anything less than that or

better than those is absolutely fantastic with the best being obviously paying cash for a car

How Much To Spend on a Car

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Explanation of the 8% car loan rule within the 238 rule

Question about the origin of the 8% number in the 238 rule.

Explanation that the rules are based on real-world application and client situations.

The 8% limit avoids double-digit car loan obligations, which are considered detrimental to financial health.

Emphasis on the negative impact of depreciating car loans on financial life.

Context of the 238 rule and real-world financial situations

The 238 rule applies to a life stage where financing a car is necessary.

Individuals at this stage often have other debts (student loans, mortgage) affecting their financial resources.

The goal is to prevent car payments from derailing wealth-building efforts.

The 8% is a result of considering other financial obligations (housing, saving, giving, taxes).

The aim was to create a realistic and practical guideline, balancing affordability with other financial goals.

Current car buying trends and the rationale behind the strict rule

Current car loan trends show long financing periods, high monthly payments, and negative equity.

Many people roll over loan balances into new cars due to poor previous deals.

The need for a strict approach to car purchases to prevent wealth depletion.

Balancing the need for affordable transportation with the potential risks of very cheap cars.

Considering life stage and long-term financial goals

The rule considers that financial situations change over time (20s vs. 40s).

Car loan debt is typically a concern in younger years, but less so as financial stability increases.

The expectation is that individuals will transition to cash purchases as their financial situation improves.

The 8% is an upper limit, allowing for flexibility in individual circumstances.

Clarification that the 238 rule offers flexibility beyond the 8%, 20%, and 3-year thresholds.

Lower percentages or cash purchases are ideal.