What % of your income should your car cost?
03-09-2006, 08:19 AM
#22
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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.
03-10-2006, 01:56 PM
#23
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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.
03-10-2006, 01:57 PM
#24
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.
03-13-2006, 03:39 AM
#26
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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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