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What are some cars that I can afford on my $60k salary? I don’t want to buy something I can’t afford, but I’ve never bought a car on my own before and don’t know what’s in my budget.
It’s typically recommended that you buy a car worth no more than 35% of your gross annual income— so if you make $60k per year, you can afford a
new car
worth $21,000 or less.
Some cars that fall in this price range include:
2023 Kia Soul - starting at $19,790
2023 Hyundai Elantra - starting at $20,500
2023 Kia Forte - starting at $19,490
2022 Hyundai Accent - starting at $16,645
2022 Nissan Versa - starting at $15,180
2023 Hyundai Venue - starting at $19,500
2023 Kia Rio - starting at $16,550
2022 Nissan Sentra - starting at $19,950
2023 Subaru Impreza - starting at $19,795
2023 Nissan Kicks - starting at $20,290
As you can see, you’ve got a range of models, from sedans to SUVs. You’ll want to think about the vehicle you want to drive for your personal comfort and insurance coverage since the type of auto you own affects insurance rates. Don’t forget to test drive them either!
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