How much should I spend on a car if I make 50000?

Expert estimates range broadly.

Greg McBride, a senior financial analyst at Bankrate.com, advises that a car payment should equal no more than 15 percent of your pretax monthly pay.

That means that if you make $50,000 a year, your monthly car payment could be as much as $625.

But for many of us, it should be lower.

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How much should I spend on a car if I make 60000?

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, your total cost of car ownership for ALL of the cars you own should not exceed $800 under this rule.

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How much should I spend on a car if I make 40000?

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, your total cost of car ownership for ALL of the cars you own should not exceed $800 under this rule.

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How much should I spend on a car if I make 100000?

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, your total cost of car ownership for ALL of the cars you own should not exceed $800 under this rule.

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How much should I spend on a car if I make 80000?

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, your total cost of car ownership for ALL of the cars you own should not exceed $800 under this rule.

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How much should I spend on a car if I make 20000?

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How much should I ask for a Personal Injury Settlement?

A general rule is 75% to 100% higher than what you would actually be satisfied with.For example, if you think your claim is worth between $1,500 and $2,000, make your first demand for $3,000 or $4,000.If you think your claim is worth $4,000 to $5,000, make your first demand for $8,000 or $10,000.

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How much should I pay for a motorcycle?

Motorcycle prices can vary wildly, but on average, if you're buying a new motorcycle fit for a beginner, you're probably spending anywhere between $5,000 and $10,000.

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How much should I pay for tires?

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How much should I pay for a golf cart?

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How do i buy a car from my brother if he is still making payments on the car?

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If I crash a friends car who's ins should pay?

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How much i should put down a deposit for a car to buy?

The more you put down the smaller the monthly payments will be.

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This means you only pay tax on the part of the car you lease, not the entire value of the car.For example, if your local sales tax rate is 5%, simply multiply your monthly lease payment by 5% and add it to the payment amount to get your total payment figure.

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What happens if I make a large car payment?

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How much time does the average American spend driving or in a car each day?

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How much does the average person spend on gas per year?

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Where should I go for car reviews if I need a new car?

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How much do dealers really make on cars?

The short answer is that most car salespeople don't earn a whole hell of a lot of money.Dealership salespeople average about 10 car sales per month, and earn an average of about $40k per year.If you do the math, that's about $330 per car.

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How much profit do dealers make on used cars?

Most dealers don't make the bulk of their profits on the sale of a new car.The big profit usually comes through arranging car loans, selling add-ons, and making money on your trade-in.Dealers can easily make a profit of $3,000 just through the financing alone (see: How Dealers Make Money on Finan...

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