Can i afford a 30k car

Author: yfeo

August undefined, 2024

Web53k a year, and you want to spend 30k on a car. You can afford it, but you'd be a fool to. For a frame of reference, my dad earns ~160k/year and bought a $31,000 Honda Accord. You'd do well to follow a similar salary:cost ratio. [deleted] • 8 yr. ago WebYou're going to pay $30000 for a $20000 car. Not to mention your credit's going to look a little bit weird so you're going to pay higher interest rate. Push your carrying a bunch of negative equity unless you've got a bunch of cash to bring to the deal. Your $700/mo will turn into $550 with a LOT less car to show for it. AgainandBack • 3 hr. ago

Wife and I need a Car...Budget:30k : r/whatcarshouldIbuy

WebBuy a $30,000 car and then 3 years later, it's worth $18,000. That new car depreciated $12,000 in 3 years - or $333/month. That's on top of your car payment! So you buy that … WebYou should spend about half of your salary that you make in a year, on a car. Eg. You make 30K per year. Buy a $15K car that you'll have for a few years. If you make $200K, buying a model s/x might be right up your alley 2 level 1 · 8 yr. ago Model 3 will be a great car. Yes it is the "mass market" tesla but its not gonna be a toyota camry. c. s. yorington ceoand founder of cym

r/PersonalFinanceNZ on Reddit: Pay cash for a car or opt for …

WebThe monthly payment on a $60,000 car loan will depend on several factors including the interest rate, the loan term, and any additional fees or charges. Based on a 60-month … WebThe calculator here will help you find the amount you can spend on a car based on your salary and expenses. This is the amount you are willing to pay per month as EMI of the … WebSep 8, 2024 · What car can I afford with $30K salary? OUR ADVICE Shop for cars under $13,500>> Your monthly car payment: Up to $333 Your down payment: $2,700 Best cars to buy on a $30,000 salary Toyota Corolla Honda Civic Mazda3 Ford Fusion Best SUVs to buy on a $30,000 salary Honda CR-V Toyota RAV-4 Hyundai Tucson Nissan Rogue c.s. yorington cym

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WebJan 8, 2024 · If we calculate 15% of that take-home pay, we end up at $5,830.35 or car payments of $485.86 per month. If you want the best car you can afford at that salary, … WebOct 20, 2024 · Here’s how much car you can afford Follow the 35% rule. Whether you’re paying cash, leasing, or financing a car, your upper spending limit really shouldn’t be a penny more than 35% of your gross … csy ownersWebA base RAV4 is going to be over $30k OTD. It’s a great vehicle and the base trim is enough for just about any utilitarian need, but it’s still mind boggling. There’s very little that even exists under $30k OTD new. cadublin • 4 hr. ago I feel most people can't afford $48k cars. Are people too leveraged on car loans or am I out of touch here? 16 ear notch tool

"WebMay 5, 2024 · On a $12,000 car loan, that would be between $1,200 and $2,400. When it comes to the down payment, the more you put down, the better off you will be in the long run because this reduces the amount you will pay for the car in the end. Also, don’t forget to factor in the tax, title, and dealer fees, as you will have to pay for those as well. " - Can i afford a 30k car

Can i afford a 30k car

How much car can I afford? [free calculator] - The Zebra

WebApr 12, 2024 · An individual should use their budget as the primary factor when beginning an apartment search and should look into apartments costing no more than 30-35% of their total income; this means that in this scenario, rent should not exceed $17.5K annually or $1,458 monthly. WebNov 4, 2024 · Because the upfront cost of a vehicle isn’t going to be the only thing you pay for, and cutting down your base price budget is the most effective way to save money. If you make the median per...

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WebWe currently set a budget ~30k. Lower the cost, the more appealing it would be for us. We are also new to the car market and have no idea what we should be looking for. Below is a list of things we want in a car. Apple/Android Auto (Prefer wireless but can be wire) WebOn a car loan of Rs 300000 you have to pay an EMI of approx Rs 6000 per month over 5 years. If you use the car monthly to travel around 1000 km you will use around 60 liters of petrol costing around Rs 4500. Additionally there will be the insurance and other costs of maintenance which could be around Rs 1800 per month.

WebLet’s estimate how much car you can afford Monthly car payment Fair (619 and below) Average (620 - 699) Good (700 - 779) Excellent (780 - 850) Your credit rating WebApr 14, 2024 · Doing a podcast is very cheap, we don’t even have guests because we can’t afford them. "We’ve kept it going throughout Covid . I think people appreciated that, …

WebIf you’re able to delay a car purchase, at your savings rate, within a year I think you could buy a very reasonable $25K-$30K used car. If your beater is dangerous to drive or at the point where you’re worried it won’t make it 10 miles down the road, then you can consider financing. A rule of thumb is 20/3/8. WebOct 25, 2024 · Student Car Deals. Learners struggling to afford a car in college can look into the deals automakers and dealers offer. Both dealers and automakers offer special …

WebIf you really want the car then yes you can afford it. Is it a sound investment? No. Will you enjoy it? Yes. Basically you just need to break down whether the immediate satisfaction is worth it, or if you would rather use that money to acquire much more money in the long run. Laser45 • 7 yr. ago

WebJun 5, 2024 · We wanted to see what it would be like for someone making an annual salary of $40,000 can actually afford a $30,000 car. Recommended Car Buying Practices Most … ear notch worksheetWebIt is never recommended to buy a car that equals your annual income. Most recommendations are that you spend 20-30% of your annual income (conservatively), and no more than 50%. So most people would recommend that you be making at least $200k before you consider a car that costs that much. lainey822 • 4 mo. ago. ear notch pigsWebNov 22, 2024 · The general rule of thumb is that you should not spend more than 20% of your monthly take-home pay on cars, according to Edmunds.com (via Bankrate ). So if your after-tax monthly income is $4,000,... cs youtube.comWebDec 7, 2024 · The 10% to 15% rule gives you a general guideline to estimate how much car you can afford ... csyp annual dinnerWebSay you’re looking at two lease deals on similar cars. Car A has a 36-month lease with monthly payments of $200 and $1,500 down. Car B has a 36-month lease with monthly … csyon wohnortWebApr 9, 2024 · What kind of house can i afford making 30k a year. The monthly mortgage payment would be $1,419. A good lender will review your income debt. A $100k salary puts you in a good position to buy a home. Va loan benefits are what make house affordability possible for those who might otherwise not be able to afford a mortgage. The home … csyp applicationWebWhat new cars under $30,000 should you buy? With rankings, reviews, and specs of new cars, MotorTrend is here to help you find your perfect car. ear not hearing