| > >>| 1; 2; Next #1 Dec 11, 2011. I’m 24 years old and I work for a large consulting company doing Business Analysis for web development projects. View User Profile View Posts Send Message Zealot; TheonepiecefanD. Maybe a newer one if you save up for a few years." I know it's tempting to get a nice, new car now that you're in the real world, but DON'T. Making 60k a year can i afford this car..? Many college grads make that much or more in their first jobs after college. Search Search all Forums Search this Forum Search this Thread Tools Jump to Forum Making 60k a year can i afford this car..? If you want even more freedom in your monthly expenses, you should strive to spend less on a car than you can afford … I’m based in the Northeast United States. I swear the misc is delusional about what you can afford.

You don’t have to worry about stretching, though, if you have one thing in place: A Conscious Spending Plan. I swear the misc is delusional about what you can afford. People like to think of cars as investments, but the only return on that investment is the physical distance the car takes you. No matter how much you love a car on the day you drive it off the dealer’s lot, you will hate it six months down the road if you are struggling to make the payments. How to save money for a car. Something had to change. BRB misc I love cars and want to buy a M5. Whats the most expensive car I can afford? Quickly find the maximum home price within your price range. 5 Important Tips When Buying a New or Used Car. BRB misc I make $100k a year.

The down payment, interest rate, and term of your loan will also determine how much you can afford to buy.

The moment you buy a car it begins to depreciate. But, it all starts with using a rent affordability calculator to figure out how much you should spend on costs like rent, so that you can set the baseline for the rest of your budget. How much do I need to be making to be able to afford one "At least 500k a year phaggot." BRB misc I make $100k a year. While the above guidelines make it possible to find out how much car you can afford, that doesn’t mean that number should be your actual budget. I was elated to even have a job at the time and I’m still extremely grateful, but I’m getting a little but frustrated. That’s why I now use the 20% rule to determine how much car you can afford based on your salary. How much car can I afford? I started right out of college for this company and they gave me a pretty competitive starting salary of $65,000. BRB misc I love cars and want to buy a M5.

How much vehicle can I afford?

As a new grad the last thing you need to do is encumber yourself with a ton of unnecessary debt.

60k a year is nothing. Take 20% of your gross annual income (before taxes, social security, etc) and that’s how much car you can afford. How does the car affordability calculator work? These answers are complicated and I don't think they tell you what you want to know. In general, the answer to “How much should I spend on a car?” is “As little as you can.” Morgan Housel, a great writer for The Motley Fool, says saving money boils down to making good choices on the three biggest expenses in your adult life: the house you buy, the car you buy, and how much you pay for college.

How much do I need to be making to be able to afford one "At least 500k a year phaggot."

Pretax, post-tax, annual income; these terms are enough to make a person ask: "How much car can I afford?"

There's no perfect formula for how much you can afford…