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.

Subsequently, What car has the most horsepower under 50k?

Most Powerful New Cars Under $50,000 In 2020

Chevrolet Camaro LT1 (455 HP; $34,000) …
Genesis G70 3.3T (365 HP; $44,650) …
Audi S4 (349 HP; $49,900) …
Tesla Model 3 Long Range (346 HP; $46,990.) …
BMW 2 Series – M240i xDrive (335 HP; $47,800) …
Honda Civic Type R (309 HP; 36,995) …
Volkswagen Golf R (288 HP; $41,495)

then, Can I live comfortably making 60k a year?

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

Thereof How much do I have to make to afford a 100k car? Assume insurance of $400 per month, gas of $100 per month, and maintenance of $1,000 per year. That equals $27,784 per year, meaning you’ll have to make $277,840 per year to comfortably afford a $100,000 car (does not include taxes and registration fees).

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.

22 Related Questions Answers Found

What is the fastest sedan under 50k?

10 Fastest Sedans Under $50k

Subaru WRX STI.
Cadillac ATS Sedan.
Audi S4.
Jaguar XE 35t.
Ford Fusion Sport.
BMW 340i.
Chevrolet SS.
Mercedes-AMG CLA45 4MATIC.

Whats the fastest 0-60 car?

The Koenigsegg Gemera is the world’s quickest production car that hits the 0-60 mph mark within 1.9 seconds. It’s the very first four-seater by Koenigsegg and the world’s first Mega-GT that weighs 4,079 pounds.

What cars do 0-60 in 5 seconds?

These 19 “Cheap” Cars Can Do 0-60 In Less Than 5 Seconds

19 2002 Audi RS 6. Supercars.net. …
18 2006 BMW M3. BMWBlog. …
17 2017 Dodge Charger R/T Scat Pack. Decoration Car. …
16 2003 BMW M5. WallpaperCave. …
15 2001 Chevrolet Corvette C5. Wallpaperplay. …
14 2006 Dodge Charger SRT8. …
13 2005 Jaguar S-Type R. …
12 2003 Mercedes-Benz E55 AMG.

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.

What can I afford making 60k a year?

The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income. That’s a $120,000 to $150,000 mortgage at $60,000.

Is $60 an hour good?

Is 60 Dollars an Hour Good? $60 is an extremely good salary. You will be making more than $100,000 which means being part of a very small and rich minority.

What car can I afford with 50k 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).

Why you should never pay cash for a car?

If you tell them you’re paying cash, they will automatically calculate a lower profit and thus will be less likely to negotiate a lower price for you. If they think you’re going to be financing, they figure they’ll make a few hundred dollars in extra profit and therefore be more flexible with the price of the car.

How much is insurance on a 100K car?

CALIFORNIA AUTO INSURANCE RATES BY COVERAGE LEVEL

Coverage Level	Average Annual Premium
$100K/$300K/$100K Bodily Injury/Property Damage — Liability-Only	$802
$100K/$300K/$100K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision	$1,527

What is a reasonable car payment?

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.

What is the fastest car for under 30K?

The Fastest Cars Under $30K According to iSeeCars

The Mazda MX-5 Miata is an affordable sports car. …
The Hyundai Veloster N is one of the fastest affordable cars. …
The Chevrolet Camaro is one of the fastest affordable cars. …
The Dodge Challenger is a cheap muscle car under $30K. …
The Ford Mustang is the fastest car under $30K.

What is the fastest car under 20K?

Top 10 Fastest Used Cars Under $20K

Subaru WRX STi 2008 -2010.
Ford Mustang GT 2005 – 2014.
BMW M3 E46 2000 -2006.
Chevrolet Corvette C5 1997 – 2004.
Dodge Challenger 2009 -2015.
Pontiac GTO 2004 – 2006.
Chevrolet Camaro SS 2010 -2015.
Cadillac CTS-V 2009 -2010.

What is the fastest 4 door production car?

10 of the Fastest Sedans

2016 Tesla Model S — 2.8 seconds. …
2016 Mercedes-Benz E63 AMG S 4MATIC — 3.5 seconds. …
2017 Jaguar XF-S — 5.1 seconds. …
2016 Aston Martin Rapide S — 4.2 seconds. …
2016 Cadillac CTS-V — 3.6 seconds. …
2016 BMW M5 — 4.5 seconds. …
2016 Audi RS7 — 3.7 seconds. …
2016 Dodge Charger SRT Hellcat — 3.7 seconds.

Has any car hit 400 mph?

As he was walking to a math class during his freshman year at Ohio State University, R. J. Kromer spotted a poster for a student-run team designing a fuel-cell-powered car.

Is 0 to 60 in 5 seconds fast?

While 5.5 is never enough, it is a little bit of a brain melting acceleration for a while. Unless you’re coming from a super car to this, it’s going to be faster than anything you’ve ever driven and that stomp it is INSTANT smash into the seat. Getting 4-5 people up to 60 in seconds is big giggle factor.

What is the fastest 0 to 100 car?

Top 100 fastest cars from 0 to 100 kph 2021

Rank	Make and model	Time
1.	Porsche 919 Hybrid (Mk II)	1.9 s
2.	Rimac Nevera	2.0 s
3.	Fahlke Larea GT1 S12	2.0 s
4.	Audi R18 e-Tron Quattro	2.0 s

How fast does a Camaro go 0-60?

Power at a price

The starting point is a 2.0-liter turbo-4 that makes 275 hp and 295 pound-feet of torque and launches the Camaro from 0-60 mph in 5.4 seconds, according to Chevy.