just wondering what you guys view as a responsible purchase. buying a car that MSRPs for 1/2 your yearly salary? 1/4? maybe equivalent to your salary or even 2x?

 

A third down and a 1/3 of your salary seems like a safe bet. I have never been in trouble when i had at least that much down payment on a car that wasn't very expensive.

 

yea id say 1/3 too

 

well, i dont think it matters...more so depends on what you using that salary for. and what you can afford...you can make 200k and 1/3 is 66k,...to some thats to much for a car

i say get what you want the first time and dont look back(if u can afford it)

 

It depends on your situation and what you can afford...

1/3 might work for someone with not many expenses but if you have a mortgage to pay and/or a family to take care of - no way should you be spending that much of your take home pay on a depreciating asset like a car.

 

a middle class family in the states whats the anual income for them?

 

It varies, from 100,000-200,000 roughly, might be off a lil bit, but you can get the idea....

 

http://en.wikipedia.org/wiki/Househo..._United_States

For 2007, the median was 50,000 a year for household income.

ETA: to answer the OP, there are too many variables... but before any idiot with a change cup with two nickles could get a mortgage, the typical number for debt to income was no greater than 28% of your income could be used for servicing debt (excluding mortgage).

 

thanks

here in my country a middle class familiy makes about $84,000 a year so its not that way off.

 

wow so its closer to $50,000????
thanks for the info

 

so if its closer to $50,000 then all high class familys can afford and evo x?

 

I did not realize CA was a separate country?

 

o sorry C.A stands for central america iam in HONDURAS

 

the $84,000 i meant middle high class

a middle class middle family has an anual income of $50,000

 

Average people in Honduras don't make 84k USD/year... Guaranteed.