promotion image of download ymail app
Promoted
Anonymous
Anonymous asked in Cars & TransportationOther - Cars & Transportation · 2 months ago

What kind of car can i afford if i make about 30k a year?

6 Answers

Relevance
  • Edna
    Lv 7
    2 months ago

    You might be able to afford a 3- or 4-year-old  used Ford Focus. But, don't despair. A car dealership will be more than happy to put you in a $50,000 auto. How you're going to pay for it will be your problem -not his. 

    • Commenter avatarLogin to reply the answers
  • 2 months ago

    Depends if you're going to live in the car or in a house.

    • Commenter avatarLogin to reply the answers
  • 2 months ago

    A monthly payment of no more than 10% of you gross income.

    • Commenter avatarLogin to reply the answers
  • Jay P
    Lv 7
    2 months ago

    Is that 30K a year gross or net?  Do you have any other fixed expenses ( rent, utilities, etc. )?  Are you saving up for anything else ( house, apartment, vacation, etc. )?

    The answer to your question depends on many criteria but the short answer would be either a used vehicle or you cannot afford a vehicle at all.

    • Commenter avatarLogin to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • 2 months ago

    A used car in decent condition.

    • Commenter avatarLogin to reply the answers
  • Anonymous
    2 months ago

    See a financial counselor.  Or compute your monthly bills and expenses and see how much money you have left for a car payment, insurance, gas and maintenance.

    • Commenter avatarLogin to reply the answers
Still have questions? Get your answers by asking now.