New Delhi, May 25 -- A shiny car parked in your garage can feel like a dream come true. Still, you should be clear that a wrong loan decision can rapidly turn that dream into several years of financial and psychological stress.

Secondly, when you make low down payments and push for longer loan tenures, such a situation can often make cars seem more affordable, but they can still quietly push your budget far beyond the comfort line. To combat such a situation, the 20/4/10 rule, a simple yet effective formula, can help aspiring buyers purchase a car without putting their finances under pressure.

The 20/4/10 rule is a practical guideline that has evolved to keep car ownership financially manageable, prudent and affordable. It focuses on th...