tabbynat 1st Gear November 13, 2014 Share November 13, 2014 So I was thinking, what is a reasonable amount to spend on a car? Let's take as a percentage of household income to standardise. If a household combined monthly income is $10,000, annual income $120,000, and they buy a Honda Jazz with annual depreciation $10,000 (http://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=11531), it means they are spending 10/120 = 8% of their income on the car, excluding petrol etc. Do you think this is reasonable? How much would you spend on a car? ↡ Advertisement Link to post Share on other sites More sharing options...
Jman888 Moderator November 13, 2014 Share November 13, 2014 please search before starting a new thread. http://www.mycarforum.com/topic/2674971-car-price-is-what-of-your-annual-household-income/?hl=income locked. ↡ Advertisement Link to post Share on other sites More sharing options...
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