Ever wonder how much you should spend on a car? There are many online calculators that let you calculate how much, based on a proportion of income. Well that is all fine and good, but what about taking people's lifestyles into account? Obviously, if you drive 4 hours a day then you should spend more on a car than if you drive 1 hour a week.
Another way to figure out how much you should spend on a car is to look at the amount of time you spend at home versus the time you spend in a car. In other words, the annual cost of your car versus the annual cost of your house should be proportionate to the amount of time you spend in each.
And of course, we adjust the calculation for the different depreciation and operating costs of a house versus a car.
So how frugal are you with cars? Fill in your information below and see for yourself.
This calculator assumes that you get equal satisfaction from having a nice car as that you get
from a nice home. It only takes into account the information that you filled in above. Here are
some things that are *not* taken into account:
*This calculator adjusts the calculation for the different depreciation and operating costs of a house versus a car.
*This calculator assumes that the annual cost of your car versus the annual cost of your house should be proportionate to the amount of time you spend in each.
For entertainment purposes only.
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