IG shows how much Income you need to afford a Range Rover velar. I imagine most people driving one make half of what he suggest

At30wecashout

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:manny:This is how I look at all my purchases now. If there are recurring expenses, my cushion needs to be very comfortable or I don't see myself doing it. After I pay my car off in full, my desired condo pay range changes quite a bit. Everyone has to see if they can afford to keep what they could afford to buy.
 
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Goes to show you most people technically cannot afford their vehicle how expensive they are.


This didn't take into account that most people lease ranges so that removes the down payment and lowers the payment. And then you have this

The recommended percentages start to get a little fuzzy the higher your income, let's say someone making 150K is only spending 20% of their income in housing. They could easily bump up the cost of their car and grab this


Factoring 10 year maintenance costs on a range :dahell:
 
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