What car can I afford with 60k salary?

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.

In respect to this, What’s the best sports car for $50000?

19 Best Sports Cars Under $50k

Mazda MX-5 Miata – $26,580.
Audi S4 – $49,900.
Alfa Romeo Giulia – $39,400.
Volkswagen Golf R – $41,290.
BMW M240i Coupe – $45,800.
Chevrolet Camaro 2SS – $43,995.
Ford Mustang GT – $37,320.
Dodge Challenger R/T Scat Pack Widebody – $46,490.

Furthermore, Is 60k good money?

$60,000 per year is a really good salary to live comfortably on. However, everyone’s situation and finances are different.

Additionally, What car can I afford with a 50000 salary?

Dave Ramsey takes a balance sheet approach. Rather than looking at monthly transportation costs, Dave recommends buying cars that cost no more than 50% of your annual income. So if you make $50,000 a year, you should not spend more than $25,000 for a car(s).

Is 60k miles a lot for a car? Theoretically, a vehicle that has covered more miles has more wear and tear, but a car with 60,000 miles on the odometer can easily be in worse shape than one with 120,000 miles. … Overall, a high-mileage vehicle that is driven frequently and has been well-maintained will be a more reliable bet.

19 Related Questions Answers Found

What is best sports car for the money?

10 Best Sports Cars for the Money

2020 BMW Z4 ($49,700) …
2020 Chevrolet Camaro LT1 ($34,000) …
2020 Chevrolet Corvette ($58,900) …
2020 Fiat 124 Spider ($25,390) …
2020 Ford Mustang EcoBoost High Performance Package ($31,665) …
2020 Hyundai Veloster N ($27,600) …
2020 Mazda MX-5 Miata ($26,580) …
2020 Porsche 718 Boxster ($59,600)

What is the most fun car to drive under 50K?

The 20 Best Sports (and Sporty) Cars You Can Buy for under $50,000

of 20. Alfa Romeo Giulia: $40,850. …
of 20. Audi S4: $49,900. …
of 20. BMW M240i coupe: $45,800. …
of 20. BMW 330i sedan: $40,750. …
of 20. Cadillac CT5-V: $48,690. …
of 20. Chevrolet Camaro 2SS: $43,995. …
of 20. Ford Mustang GT: $37,320. …
of 20.

What is the fastest car under 60k?

10 of the Fastest Cars Under $60k

2020 Audi RS 3. It’s a classic formula for speed: Take a small car and put a big engine inside. …
2021 BMW M340i. …
2020 Chevrolet Corvette. …
2020 Dodge Charger Scat Pack. …
2020 Ford Mustang Shelby GT350. …
2020 Infiniti Q50 Red Sport 400. …
2020 Mercedes-AMG CLA 45. …
2020 Tesla Model 3 Performance.

What jobs pay 60000 a year without a degree?

Here are 35 high paying jobs without degrees you can attain.

Air-traffic controllers.
Radiation therapists. …
Elevator installers and repairers. …
Nuclear reactor operators. …
Detectives and criminal investigators. …
Commercial pilots. …
Power distributors and dispatchers. …
Dental hygienists. …

What jobs make 60k a year?

20 Jobs Where You Can Make $60,000 Out of College

Public Relations Specialist. Median annual salary in 2018: $60,000. …
Respiratory Therapist. …
High School Teacher. …
Human Resources Specialist. …
Conservation Scientist or Forester. …
Film and Video Editor. …
Compensation, Benefits and Job Analysis Specialist. …
Market Research Analyst.

Can you live on 60k a year?

Though $60,000 might not be enough for some people to live well, it’s certainly enough for others. This depends on a number of factors like where you live, your expenses, and the size of your household. If you’re struggling with your income, no matter how much or how little it is, you’re not in this alone.

What can I afford on 50k?

A person who makes $50,000 a year might be able to afford a house worth anywhere from $180,000 to nearly $300,000. That’s because salary isn’t the only variable that determines your home buying budget. You also have to consider your credit score, current debts, mortgage rates, and many other factors.

What price car can you afford?

Whether you’re paying cash or financing, the purchase price of your car should be no more than 35% of your annual income. If you’re financing a car, the total monthly amount you spend on transportation – your car payment, gas, car insurance, and maintenance – should be no more than 10% of your gross monthly income.

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

The frugal rule: 10% of income

So if you earn $25,000 a year, that’s going to be a high-mileage used car for $2,500–$3,000. If you earn $80,000, that’s a used car for around $10,000 or $12,000.

What used cars NOT to buy?

30 Used Cars Consumer Reports Gave the ‘Never Buy’ Label

Chrysler Town & Country. Chrysler’s new minivan will hopefully rate better than Town & Country. …
BMW X5. 2012 BMW X5 | BMW. …
Ford Fiesta. Compact cars by Ford had a bad run between 2011 and 2014 | Ford. …
Ram 1500. …
Volkswagen Jetta. …
Cadillac Escalade. …
Audi Q7. …
Fiat 500.

Is a 10 year old car too old?

When buying a used car that’s 10-years-old or older, your primary concerns are purchase price and reliability. Don’t pay more than that 10-year-old car is worth. And, pick a car with a solid reputation for dependability. No car is really too old if you follow those rules.

What mileage is too high?

Typically, putting 10,000 to 12,000 miles on your car per year is normal. A car that is driven more than that is considered high-mileage, i.e. a three year old car with more than 45,000 miles on the clock would be considered high mileage.

What is the most beautiful car ever?

The world’s most beautiful cars (25-1)

Alfa 8C 2900 Mille Miglia – 1938.
Ferrari 250 GT California Spyder SWB – 1960. …
Jaguar XK120 – 1954. …
Bugatti Type 57 Atlantic. …
Mercedes-Benz 540K Spezial Roadster – 1936. …
Hispano H6B ‘Tulipwood’ – 1924. …
Aston Martin Valkyrie – 2021. …
Lamborghini Countach – 1974. …

What car loses its value the fastest?

Here are the 15 cars that depreciated the most, counting down to the fastest value-loser.

BMW X1 (-64.6%) Teddy Leung / Shutterstock. …
Infiniti QX60 (-64.7%) TonyV3112 / Shutterstock. …
BMW X5 (-65.4%) …
Volvo XC60 (-65.6%) …
BMW 3-Series (-65.7%) …
BMW X3 (-66.5%) …
Lincoln MKZ (-67.1%) …
Mercedes-Benz S-Class (-67.1%)

Which sports car is most comfortable?

10 of the Most Comfortable Sports Cars

2018 BMW M4. …
2018 Chevrolet Corvette. …
2018 Fiat 124 Spider. …
2018 Jaguar F-Type. …
2018 Mazda MX-5. …
2018 McLaren 570GT. …
2018 Mercedes-AMG GT. …
2018 Porsche 911. This current generation, codenamed 991, is the roomiest and most forgiving 911 there’s ever been.