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Cars and Transportation
Reply to "If you like cars, what is a reasonable car price based on income"
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[quote=Anonymous]We usually do four-year loans, but three seems reasonable too. What can you afford over 3-4 years that won't push your overall debt over 36%? That's a good place to start. Take insurance into consideration since that does go up with the price of the car. I don't think income has too much bearing on it beyond basic affordability. If you make at least $100K and don't have other big financial obligations, you can spend a decent amount on a car if you so choose, and there's a point at which car prices more or less max out (assuming you aren't shopping for sports cars or Teslas). You can spend a lot or a little depending on what you're looking for in a car. Whether that's what you want to do with your discretionary income over other options is really up to you.[/quote]
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