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Depends on how you would plan to buy it. If you plan to purchase it with cash, as you would pay the cars price whole in one payment, then you would need to earn for your cost of living expense only, but if you would be buying it through a plan or a loan, then it would be a different thing. There are loans or plans out there today that would make it rather flexible for the consumer to be able to enjoy it. Some loans computes your salary and decides on how the payment would be. Of course, the longer you have to pay for your car, it would mean that they would get more interest out of it. You can also avail a car purchase from your office if ever your company has one.

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Q: How much should you make yearly to buy a new car?
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