What Car Can I Afford With a $1.8M Net Worth?
Based on conservative financial guidelines, here's what you can comfortably afford with a $1.8M net worth.
You can afford cars that cost
Conservative:
You can conservatively afford a car at this price
Safe:
You can safely afford a car at this price
Stretch:
Buying a car at this price is a bit of a stretch
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How We Calculate These Ranges
Financial experts recommend limiting car purchases to 5-15% of your net worth for cash purchases. This ensures you maintain financial flexibility and don't tie up too much of your wealth in a depreciating asset.
- Conservative (5%): Recommended for those prioritizing wealth building and financial security
- Safe (10%): A balanced approach that allows for a nice car without excessive spending
- Stretch (15%): The upper limit before car spending becomes financially questionable
These guidelines assume you're buying with cash. If you're financing, make sure to follow the 20/4/10 rule (20% down, 4-year loan maximum, 10% of gross income for total car expenses).
Adjust Your Parameters
The results above use standard assumptions. Use the calculator below to customize parameters like down payment, trade-in value, and monthly expenses.