What should be your income to buy a BMW?

Yes salaried people can afford BMW but your monthly saving should be around 1–2 lakh per month( i.e salary after all your expenses) with this one can easily afford the BMW as a service cost around 50k-60k and if there is simple fault( i.e shoker replacement normal cost 3000 but bmw part cost around 50k per shoker) it …

What should be your salary to buy a Mercedes?

Every year, you will need to keep 1.5 lakhs for insurance, another lakh or two for service, this comes up to 15 lakhs. To afford that, you should earn at least 65–70 lakhs, too be comfortable.

What car can I afford with my salary South Africa?

Banks in South Africa generally recommend that you don’t spend more than 30\% of your annual gross salary on a car, and that your monthly costs should be no more than 10\%. Other recommendations put the benchmark at 25\%. That’s good advice, especially in this tough economy.

What is the average household income for buying a BMW?

The average household income of a new BMW car or SUV buyer in 2020 is $124,800 per year. To compare that to the US population, the median household income in the United States in 2017 was $61,372. (Important note: we’re comparing two different things.

How much income do I need to buy a Mercedes Benz?

Now the monthly payment for a c class comes around to be 1 lac/month (max) including some buffer for service, accidental repairs etc. Hence your income/profit should be a minimum of 20 LPM for you to safely afford a Mercedes and have ample of money left to invest in appreciating assets.

Should I buy a Mercedes S class?

Easy to understand alternative asset classes with higher target yields. Use passive income buying Mercedes S class not active income meaning if your passive income makes enough to pay monthly payments and you do not need it you can buy Mercedes S especially if it helps you boost the generation of passive income further.

How much does it cost to lease a Mercedes S-class?

You’d probably be approved for a lease on a base model with a $120,000 a year income but unless that income is in a fairly low cost of living area you might struggle paying for both your mortgage and the $1500 a month minimum you’ll probably pay to lease an S-Class with what you have left after taxes. Considering your other likely expenses (I doubt