Asked By: Clifford Moore Date: created: Jun 27 2022

What is a realistic car payment

Answered By: Anthony White Date: created: Jun 27 2022

Many financial experts recommend keeping total car costs below 15% to 20% of your take-home pay.

For example, if your monthly paycheck is $3,000, your car payment would be about $300 and you’d plan on spending another $150 on automotive expenses..

Asked By: Reginald Morgan Date: created: Feb 15 2022

What is the monthly payment for a 40000 car

Answered By: Douglas Roberts Date: created: Feb 18 2022

$40,000 Car Loan. Calculate the Monthly Payment.Monthly Payment$943.99Total Interest Paid$5,311.65Total Paid$45,311.65

Asked By: Gordon Howard Date: created: Apr 18 2022

How much is a monthly payment on a $50 000 car

Answered By: Ronald Stewart Date: created: Apr 18 2022

$50,000 Car Loan. Calculate the Monthly Payment.Monthly Payment$1,179.99Total Interest Paid$6,639.57Total Paid$56,639.57

Asked By: Angel Hayes Date: created: Sep 30 2022

How much do I need to make to afford a 200k car

Answered By: Xavier Lopez Date: created: Oct 01 2022

With the average length of car loans being around 6.5 years now that means that for around $2500 a month you can get a 200k car, which is about 1/4 of the person’s 100k yearly income. If they’ve got good credit and not a lot of other loans they can get the loan pretty easily.

Asked By: Neil Hayes Date: created: Sep 19 2022

How much should you put down on a $12000 car

Answered By: Landon James Date: created: Sep 20 2022

The vehicle’s price determines how much cash you should put downVehicle Price15% Down25% Down$8,000$1,200$2,000$10,000$1,500$2,500$12,000$1,800$3,000$14,000$2,100$3,5009 more rows

Asked By: Albert Jenkins Date: created: Aug 21 2022

What is the payment on a $15000 car loan

Answered By: Howard Henderson Date: created: Aug 24 2022

$15,000 Car Loan. Calculate the Monthly Payment.Monthly Payment$354.00Total Interest Paid$1,991.87Total Paid$16,991.87

Asked By: Walter Jones Date: created: Jan 03 2022

What car can I afford with 50k salary

Answered By: Herbert Mitchell Date: created: Jan 06 2022

On a $50,000 salary, it is recommended you don’t spend more than $5,000 (10%) on a car. Dave Ramsey recommends spending no more than half your gross annual income ($50k) on a new car. However, the cost of a car really includes purchase price, opportunity cost of investments, or loan interest.

Asked By: Reginald Price Date: created: Feb 15 2022

Is 25k too much for a car

Answered By: Jeremiah Perry Date: created: Feb 15 2022

25k is the normal price of a good car nowadays. This doesn’t matter at all. If he lives in a high cost of living area (NYC/Bay Area/Seattle etc) then what he makes isn’t going to go a long ways. $25k is too much for anything that would be your vehicle.

Asked By: Reginald Phillips Date: created: Apr 07 2022

What is the catch with 0 percent financing

Answered By: William Bennett Date: created: Apr 08 2022

The answer is that it usually isn’t the bank doing the lending but rather the automaker itself. The way an automaker can make money with a zero percent deal is simple: It still earns the same amount it would earn on any car deal, but now the money is earned over a longer span.

Asked By: Herbert Foster Date: created: Oct 11 2022

Is it better to get auto loan from bank or dealer

Answered By: Clifford Jenkins Date: created: Oct 13 2022

Banks may offer you the ability to apply for preapproval, which can make it easier to compare estimated loan offers and relieve some pressure at the dealership. A loan through a dealer also may end up being more expensive because of interest rate markups.

Asked By: Douglas Murphy Date: created: Jan 31 2022

Is 35000 too much for a car

Answered By: Malcolm Hernandez Date: created: Jan 31 2022

Nothing is too much for a car if you are passionate about it. You might think of using the 35000 in other useful ways or invest it.

Asked By: William Scott Date: created: Sep 29 2021

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

Answered By: Cameron Coleman Date: created: Sep 29 2021

The frugal rule: 10% of income If you earn $80,000, that’s a used car for around $10,000 or $12,000.

Asked By: Kyle Wood Date: created: May 06 2022

What can I afford on 50k

Answered By: Lawrence Scott Date: created: May 07 2022

How much house can I afford on a $50k salary. Our best case scenario, you can afford a mortgage payment up to 874.50 per month. For most people, you would want to pay less than $875 per month if you’re making $50k. As always, check the paycheck calculator to determine your after tax income.

Asked By: Aidan Lopez Date: created: Jun 14 2022

What is the average car payment 2020

Answered By: Devin Cook Date: created: Jun 14 2022

$568The average monthly car payment was $568 for a new vehicle and $397 for used vehicles in the U.S. during the second quarter of 2020, according to Experian data. The average lease payment was $467 a month in the same period.

Asked By: Anthony Bennett Date: created: Aug 02 2021

What is a good monthly car payment

Answered By: Blake Patterson Date: created: Aug 03 2021

The average monthly car loan payment in the U.S. was $530 for new vehicles and $381 for used ones originated in the third quarter of 2018, according to credit reporting agency Experian. The average lease payment was $430.

Asked By: Albert Henderson Date: created: Apr 30 2022

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

Answered By: William Perry Date: created: May 03 2022

How Much Should I Spend on a Car If I Make $60,000 a Year? You should spend no more than half of your yearly salary on a car, so if you make $60,000 dollars per year, you should buy a car that costs $30,000 or less.

Asked By: Douglas Lee Date: created: May 28 2022

Is a 72 month car loan bad

Answered By: Hunter Cooper Date: created: May 31 2022

A 72-month car loan can make sense in some cases, but it typically only applies if you have good credit. When you have bad credit, a 72-month auto loan can sound appealing due to the lower monthly payment, but, in reality, you’re probably going to pay more than you bargained for.

Asked By: Gilbert Simmons Date: created: Nov 09 2021

What is the monthly payment on a $30000 car

Answered By: Charles Davis Date: created: Nov 12 2021

roughly $600 a monthA $30,000 car, roughly $600 a month.

Asked By: Samuel Torres Date: created: Oct 30 2022

What is the monthly payment on a 20000 car loan

Answered By: Horace Ramirez Date: created: Oct 30 2022

For instance, using our loan calculator, if you buy a $20,000 vehicle at 5% APR for 60 months the monthly payment would be $377.42 and you would pay $2,645.48 in interest.

Asked By: Antonio Miller Date: created: Jun 07 2022

Is it good to pay extra on your car payment

Answered By: Abraham Carter Date: created: Jun 08 2022

The payoff amount includes your loan balance and any interest or fees you owe. You can also pay more than the minimum amount due each month. Making at least one extra payment on your loan every month, or adding more money to your monthly payment, may help you pay off your car loan early.

Asked By: Roger Henderson Date: created: Aug 07 2022

Why you should never finance a car

Answered By: Samuel Lewis Date: created: Aug 07 2022

Most people get a ton of car debt, which makes it so much harder to really invest. When you increase your debts, you spend more of your monthly income paying those debts, and save less money each money for investments. On top of it, every loan you have puts you further away from buying a home or investment property.

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