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re: Is buying a $24k car on $50k salary dumb?
Posted on 3/10/15 at 7:18 pm to Brightside Bengal
Posted on 3/10/15 at 7:18 pm to Brightside Bengal
quote:
ve read some websites that say don't spend more than 20% of your annual salary on a vehicle. I've read others that talk about not spending a certain percentage of your take-home monthly income on car expenses. I would be within the latter guideline, but not former.
$24k seems reasonable to me for a vehicle. It would be a 5yo german car with 50k miles.
Very dumb. Go get a 10-15K vehicle and when your are financially stable then go for a bigger purchase.
1
Posted on 3/10/15 at 9:09 pm to Double Oh
quote:Does the $75 a month difference make that much of a difference to this ridiculous board?
Very dumb. Go get a 10-15K vehicle and when your are financially stable then go for a bigger purchase.
Op, that amount should be fine. Your note will be around $375 a month, which is not bad for your income at all.
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