I am looking to buy a new car and wondering what people would reccomend price range wise. I make about 195k a year.
2006-07-14 09:31:34 · 15 answers · asked by swslinger1 1 in Cars & Transportation ➔ Buying & Selling
It's not for your salary. That's a very economical car as far as your salary is concerned. Me thinks you came here to brag a bit, no?
2006-07-14 09:34:28 · answer #1 · answered by WiserAngel 6 · 0⤊ 0⤋
I had the same dilemma. Even though with the amount you make, you can certainly afford it, it is tough to spend that kind of money on a car. It all depends on whether or not it will make you happy. Last year I was looking at a Toyota Camry and an Infiniti M45. The Camry would "Do the Job" and it was nicely loaded. But I opted for the M45 and have never been happier.
2006-07-14 16:37:56 · answer #2 · answered by mb3698 2 · 0⤊ 0⤋
That doesn't sound like an unreasonable price range for your income level. But what is your debt to income ratio?
If you have a mortgage, personal loans, credit cards, and student loans you may want to consider a bit less than that. Also, consider the cost of auto insurance on a vehicle more expensive than the one you have now.
2006-07-14 16:41:11 · answer #3 · answered by msdagney 4 · 0⤊ 0⤋
I think 40g is just enough to buy you a desscent luxury car. But with your salary You can buy your self a descent Porsche. Lexus are for old people, get your self a nice piece of german engineering. It will surely out perform any other car depending on its class.
2006-07-14 16:36:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes, it is too much. Remember, one idiot driver can total your car in an instant -- and losing 40K all at once would be a hit, so to speak.
Buy a used Toyota Corolla for under $10K -- a few years old, but still getting good mileage and still in good condition.
2006-07-14 16:55:45 · answer #5 · answered by Anonymous · 0⤊ 1⤋
I would try to buy a car probably spend 50k or maybe even 55k
if I was making that much a year. $4000 a wk. What do you do?
2006-07-14 16:40:52 · answer #6 · answered by michelegokey2002 4 · 0⤊ 0⤋
spend what you think that you can honestly afford... it's your money, so who cares? there are many wonderful vehicles available in the 35-40K price range.
i'd suggest a MB c-class, but that's just me!
2006-07-14 16:35:22 · answer #7 · answered by Oliver Kloz-Hoff 4 · 0⤊ 0⤋
There is NO way you make 195K a year,,, you have intelligence to know what a good deal is....
2006-07-14 16:38:10 · answer #8 · answered by worm 2 · 2⤊ 0⤋
if you make 195, then 35 - 40 is not much
you should look around 100K
Oh, and not get sucked into the german trap, Lexus are way better.
2006-07-14 16:35:41 · answer #9 · answered by Shockey Monkey 5 · 0⤊ 0⤋
That's crazy! You're blowing your $ on something that's just going to depreciate right after you walk out of the dealers. Unless it's your desire to impress other people, I wouldn't do it!
2006-07-14 16:40:59 · answer #10 · answered by amylr620 5 · 0⤊ 0⤋