What % of your income should your car cost?
For a car I've always used 33-50% of annual income, depending on how much I've had in other outstanding debts and how much insurance will cost. I don't know how banks determine how much to loan you though. Part of the equation is debt to income ratio.
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Joined: Mar 2005
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From: South Florida
If you are at all worried about the burden of the payment....before you decide anything.....call around and find out how much your insurance will be for a 350Z. I can't imagine it will be too cheap for 23 year old single male. And if you've had any tickets in the past...it'll cost you now. Figure your insurance could add another $100-$125 a month to your bills.
Originally Posted by oaktown2000
If you are at all worried about the burden of the payment....before you decide anything.....call around and find out how much your insurance will be for a 350Z. I can't imagine it will be too cheap for 23 year old single male. And if you've had any tickets in the past...it'll cost you now. Figure your insurance could add another $100-$125 a month to your bills.
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Joined: May 2003
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From: jacksonville, FL
Originally Posted by oaktown2000
If you are at all worried about the burden of the payment....before you decide anything.....call around and find out how much your insurance will be for a 350Z. I can't imagine it will be too cheap for 23 year old single male. And if you've had any tickets in the past...it'll cost you now. Figure your insurance could add another $100-$125 a month to your bills.
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