What car price range can i afford?

Mar 22 20 Comments

Hello. Aiming to buy a car since i need one for my commute. I’m trying to be financially smart and make sure i have enough money to buy a car.

Currently have $115k NW.
TC after taxes is ~86k (only considering salary+bonus)
$40k student loan that’s paused right now .
I expect to send back ~$10k/yr to my parents.


If i decided to buy a car right now, what price range should i stick to? Was considering a Tesla Model 3 but it seems to be too expensive (60k) given my NW especially if I pay the loan in full all at once.

Any advice appreciated :) I’m new to buying cars!

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