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Buying a car is an enormous financial decision and can cause some sticker shock. Indeed, Kelley Blue Book noted that the average cost of new cars is now more than $47,000 — up a whopping $6,000 ...
4 Ways To Calculate How Much Car You Can Afford. Unfortunately, finding the answer isn’t simple as the car affordability calculator will vary depending on your personal finances, annual income ...
For example, if you bring home $50,000 per year after taxes, your monthly take-home pay is probably around $4167. Based on the 10 percent recommendation, you could reasonably afford to pay around ...
The income required to own and operate a $50,000 car might seem shocking. And if your earnings are nowhere close, then you may need to take steps to lower your transportation costs. First ...
The income elasticity for cars ranges from very elastic in poor countries, to inelastic in rich nations. [ 2 ] The advantages of car usage include on-demand and door-to-door travel, and are not easily substituted by cheaper alternative modes of transport, with the present level and type of auto specific infrastructure in the countries with high ...
Buying a car on a middle-class budget doesn't mean you can't get a "cool" car. Based on the middle-class income range of $56,600 to $169,800, as identified by the Pew Research Center, and on the ...
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