I am about to begin a new job and I was looking to reward myself by buying a new car. I want something nice, but i don't want to buy something that is out of my price range.
2007-07-24 09:31:01 · 5 answers · asked by DANger 1 in Cars & Transportation ➔ Buying & Selling
If you want something nice once in your life time and you don't have anything else to worry about such as home mortgage, kids, spouse, etc and you don't care about saving, you can go up to 15-20% of your after tax income. :) Otherwise, think and plan wisely. Also, check the insurance price too when you're trying to buy an expensive one, because you might end up paying about 20% of your monthly payment to your insurance.
2007-07-24 09:37:43 · answer #1 · answered by TK 3 · 0⤊ 0⤋
depending on what your bills are , I would stay in the car you are right now, wait about 6months to 1 year. Then you can get a really nice car.
2007-07-24 13:50:02 · answer #2 · answered by rxing 7 · 0⤊ 0⤋
Your total debt service load INCLUDING housing should be no more than about 35% of your gross income. Crunch the numbers for your situation yourself.
2007-07-24 09:36:29 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
my address this..forty% of your finished; earnings,,you're procuring too lots living house. you would be living house damaging. what if certainly one of you loses his job,you get pregnant? you have no longer have been given any wiggle room for the unpredicted. 25-30% is the main appropriate.
2016-11-10 06:32:00 · answer #4 · answered by ? 4 · 0⤊ 0⤋
what you can afford......
2007-07-24 09:51:14 · answer #5 · answered by ~Shelley~ 1 · 0⤊ 0⤋