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Income needed to buy average new car is $175,000; average used is $120k
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Date: June 13th, 2026 9:09 PM Author: Pope Leo XXX https://www.cnbc.com/2026/06/08/why-the-20-4-10-car-buying-rule-no-longer-works-for-many-buyers.html
With the 20-4-10 rule, transportation costs should account for no more than 10% of gross income. Based on that, a household spending $996 per month on transportation would need annual income of roughly $120,000 to satisfy the guideline.
The hurdle is even higher for new-car buyers.
Using an average new vehicle price of $50,400, a 20% down payment and a 48-month loan at 7.98% APR (loans on new cars tend to come with higher interest rates), those same monthly transportation costs could approach $1,500. Under the 20-4-10 rule, that would require annual income of roughly $175,000. |
Date: June 13th, 2026 9:14 PM Author: crime lord msrp of a kia carnival is just $38k (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49936830) |
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Date: June 13th, 2026 9:16 PM Author: Pope Leo XXX but then you have a kia carnival (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49936834) |
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Date: June 13th, 2026 9:18 PM Author: crime lord it's a fine family car (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49936844) |
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Date: June 14th, 2026 5:18 AM Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,. damn fine (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937334) |
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Date: June 14th, 2026 4:25 PM Author: Biglaw partner throwin' ya some overtime the rolling doors like on a minivan are soo cr. (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49938168) |
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Date: June 13th, 2026 9:17 PM Author: Cletus Van Damme proles are gonna flat out riot when they truly cant afford to drive around in circles all day getting raising canes (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49936839) |
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Date: June 13th, 2026 9:18 PM Author: Spiritual Technologies, Inc. (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49936843) |
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Date: June 13th, 2026 9:26 PM Author: dupa Luckily there are now 7 year auto loans. (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49936857) |
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Date: June 13th, 2026 10:47 PM Author: Pope Leo XXX 8 years, actually
https://www.capitalone.com/cars/learn/getting-a-good-deal/longterm-loans-what-to-know-about-a-96month-car-loan/1594 |
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Date: June 14th, 2026 4:10 PM Author: Madison Avenue Lemming Enslaved to Conformity That’s not crazy if you buy a nice car. My car is 8 years old and still worth like $25K even with 90K miles on it. But it was like $105K new. (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49938128) |
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Date: June 14th, 2026 5:10 PM Author: dupa (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49938312) |
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Date: June 14th, 2026 5:25 PM Author: sealclubber lol, yeah not bad at all especially if you are a fucking loser poor who wants to stay a loser poor your entire life if you can't pay off a car in 2 years, you should be looking at a car you can pay off in 2 years. really, i mean 1 year, but i'm being nice to the losers. |
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Date: June 14th, 2026 5:37 PM Author: samoth (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49938410) |
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Date: June 13th, 2026 11:41 PM Author: Buy your next house instantly with Zellow! And that's just for one car. A typical family has two or three. (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937098) |
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Date: June 14th, 2026 8:16 AM Author: Cletus Van Damme well not for long lmao (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937423) |
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Date: June 14th, 2026 11:29 AM Author: Pope Leo XXX (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937865) |
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Date: June 14th, 2026 12:14 AM Author: hank_scorpio to this day I don't understand retards who buy new cars if they aren't rich, like I would 100% blow money on a lambo and a rolls if I just didn't give a fuck, but unless I am retired dropping 80k on an audi or god forbid 50k on a ford is just unacceptable (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937149) |
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Date: June 14th, 2026 8:13 AM Author: samoth (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937418) |
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Date: June 14th, 2026 5:26 PM Author: sealclubber (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49938369) |
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Date: June 14th, 2026 5:24 AM Author: need tokens I guess this is better than most MSM articles which try to gaslight us into thinking people are doing fine and life is affordable. but why would they use the AVERAGE car price? averages are dragged up by the high end. if they could somehow defend the idea that there aren't enough below-average-cost cars for the people who don't make enough, the point would come across stronger. (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937336) |
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Date: June 14th, 2026 8:23 AM Author: cowgod I’ve never seen the articles you’re talking about, it’s always these. They use the average bc they’re liberal artists and don’t understand wtf you’re taking about. Also they have an agenda.
I always saw a new car as something NOT for the average person unless it’s entry level af like a Versa or something. $175k hhi seems about right. I know Losers/Women are scared of crappy cars but Acceot your lot in life, champ. |
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Date: June 14th, 2026 8:24 AM Author: need tokens agreed on all counts. it is mostly people who don't understand numbers with an agenda. and I also don't understand why anyone would buy a new car if they don't have much money (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937431) |
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Date: June 14th, 2026 8:29 AM Author: cowgod Women and low-T people who like Consooming and who would get emotional and feel like the sky is falling if they had to bleed their brakes on a saturday. Or if they got a $1500k bill from a Scumbag mechanic their brain wouldn’t understand that that’s only like 2 monthly payments or less. (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937438) |
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Date: June 14th, 2026 8:31 AM Author: need tokens I'm a city person who's never owned a car, and I understand why it'd be intimidating to buy a used car because you could get ripped off if it has problems you don't find out about until later. but then at the same time, you can get hella ripped off buying a new car too. so ¯\_(ツ)_/¯ people should just figure it out (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937441) |
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Date: June 14th, 2026 8:33 AM Author: cowgod If you just aced OCI and aren’t liquid then yeah buy a car but if you work at McDonald’s and it doesn’t start one day just be like “I have car trouble”
Uber is also good for filling gaps. Car trouble is way less Ruinous than it used to be. |
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Date: June 14th, 2026 8:35 AM Author: need tokens my income was $180K, currently between jobs, but I prefer to spend my money on Experiences rather than Things (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937449) |
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Date: June 14th, 2026 8:37 AM Author: need tokens plus driving makes me very nervous. I'm a spacey INTP and really bad at paying attention to the world around me so people would probably Die (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937452) |
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Date: June 14th, 2026 8:40 AM Author: cowgod Driving is completely insane, it’s like smoking or something in terms of being a death wish (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937458) |
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Date: June 14th, 2026 8:42 AM Author: need tokens it really is. it's always scared the shit out of me. nothing catastrophic ever happened to me when I was learning but it feels inevitable that something would.
Uber/Lyft plus shitty L.A. public transit are much safer for me |
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Date: June 14th, 2026 8:51 AM Author: Nippon Professional Baseball Yes, it's much safer to have a bunch of brown illegals on the road instead (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937478) |
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Date: June 14th, 2026 8:52 AM Author: need tokens how do you know I'm not a brown illegal, or another demographic that's SPS at driving?
also I've taken well over 5,000 Uber rides and only had like two horrible drivers, and I got one of them fired |
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Date: June 14th, 2026 4:38 PM Author: cowgod Riding as a passenger is just as foolhardy. A bus is like 30 tons though at least so you’re pretty much good. (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49938210) |
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Date: June 14th, 2026 4:39 PM Author: need tokens cr and then trains are the best cuz they're also FAST (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49938216) |
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Date: June 14th, 2026 8:22 AM Author: Hodd Toward (🧐) "loans on new cars tend to come with higher interest rates"
What? No they don't, this is exactly wrong. |
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Date: June 14th, 2026 8:24 AM Author: cowgod (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937430) |
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Date: June 14th, 2026 10:39 AM Author: need tokens legacy media is 99% fraudlies (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49937767) |
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Date: June 14th, 2026 4:11 PM Author: Madison Avenue Lemming Enslaved to Conformity This is what happens when retard zoomers who have never bought cars write these articles. (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49938132) |
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Date: June 14th, 2026 4:10 PM Author: Spiritual Technologies, Inc. the economy is fucking shit (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49938130) |
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Date: June 14th, 2026 4:23 PM Author: Biglaw partner throwin' ya some overtime there was a good article or essay about how the big lesson every car co. learned from covid is that it makes way more sense to just target higher end buyers such that there was no incentive anymore for ford to make the taurus anymore or 'regular' F-150 that used to cost $25,000K.
the car industry is actually contracting. there will be fewer cars sold this year than last. but its more profitable for each individual co. |
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Date: June 14th, 2026 4:55 PM Author: Spiritual Technologies, Inc. very cool what letter would you use to describe this phenomenon? (http://www.autoadmit.com/thread.php?thread_id=5873977&forum_id=2Elisa#49938261) |