I make 80k a year how much car can i afford
WitrynaAssume $100/m fuel/energy Assume comp/coll/liability/GAP. Fixed costs for a new, financed $100k car will be about $350/month for fuel and insurance. A loan for 100k with a 10k down payment at 6% for a 5 year term is about $1750 a month. So, for a fancy $100k vehicle, you're looking at $2100/month. Witryna14 sty 2024 · What type of car you can afford mostly depends on your monthly income, expenses, down payment, etc. You should not spend more than 35% – 50% of your …
I make 80k a year how much car can i afford
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Witryna22 wrz 2024 · Over a 48-month loan term, the total interest paid is $3,009. The monthly payment will be about $813. Every additional $1,000 you can put down will save $84 … WitrynaThere’s no single correct answer to how much car you can afford based on your salary. However, as a general rule of thumb, your new car’s monthly payment must not …
WitrynaHow much home can I afford if I make $80,000? You can afford to pay $1,866.67 per month for a mortgage. That would be a mortgage amount of $311,344.35. With a … Witryna9 lis 2024 · When I was making around 55k I bought a new car for $24k. I kept it for 9 years and just sold it for $10k and bought a new one for around $25k (~10k off sticker of $35). Plan on keeping it for 10’years. I also have a mortgage and max out my 401k. (Making around $80k now. ). Consider taxes and insurance expenses too.
WitrynaAnswer (1 of 27): The 20/4/10 rule (down payment = 20% of car's value, finance period = 4 years, principal + interest + insurance + license + registration + gas + maintenance … WitrynaIt is about priorities i grossed 97k last year my base wage is around 70k i take or leave overtime . if i work it i make more money one of my co-workers same pay made 140k …
Witryna4 lis 2024 · According to a 2024 report from Experian, which tracks millions of auto loans each month, the average amount borrowed to buy a new vehicle hit a record $32,187 …
WitrynaHow much do you have to make a year to afford a $500000 house? How much do you need to make to be able to afford a house that costs $500,000? To afford a house … shania tyra geiss freundWitrynaSome of my all time favorite dream cars (McLaren, Aston Martin, GTR, etc) are in that price range and I’m currently 20 making nearly $45K/year. I still have a lot of time left in my life and I want to know what I need to make to be able to comfortably afford something like that. A McLaren at 150k is going to cost a lot more than 150k. A ... polyhedron in hindiWitryna27 kwi 2024 · Here’s an example: Say you want to buy a $30,000 car (the average price of a new car is around $40,000) with an APR of 5% and no down payment. If you … shania\\u0027s lace paintshania underwoodWitrynaHousing in Montreal is way cheaper than Toronto; car insurance in Quebec is unreasonably cheaper than in Southern Ontario (for reference, I pay about $600/year for my car + $200/year for my license). But if you're actually living in Montreal, you do not need a car at all. shania tyson daemenWitryna7 gru 2024 · 4 year loan term or less. Car loan terms usually range between 2 and 7 years. However, the 20/4/10 rule states that you should aim for a 4-year term or less. … shania twitterWitryna21 paź 2024 · Cars you can afford with a $100k salary, according to the 36% rule, include the Honda CR-V, Subaru Forester, Volkswagen Atlas, and the Kia Telluride. … shania urban dictionary