Now more and more consumers buy cars, but buying a car is not exactly the same as buying other consumers. After all, other consumers are basically one-time investments, and the subsequent use cost is not very high. Whether it is a TV or a mobile phone, it basically only needs to spend a little electricity, which is almost negligible compared with the purchase cost. However, the vehicles are different. Compared with the income level of domestic consumers, buying a car is not an easy task. In addition, the cost of daily use is not small. Therefore, before buying a car, you should estimate whether your income level can afford a car. Today, we will take Toyota Camry, a common family car, as an example to see if the working class with a monthly salary of 8,000 yuan and a deposit of 50,000 yuan can afford such a car.

What kind of income level can afford Camry?

How long does it take you to make a decision to buy a mobile phone? Maybe one day, maybe a month, after all, a month's income can't afford a mobile phone. But if you buy a car, how long will it take you to make a decision? Maybe one year, maybe two years, because under the current situation in China, a car costs more than1002 million, and few people can afford a car with one year's income, so many people need financial tools to help at this time. In the past, this financial instrument may be the original loans of relatives and friends, but now, this financial instrument is mainly bank loans.

At present, the guide price of entry-level Camry is 179800 yuan, and the market discount is about 1000 yuan. In other words, the landing price of the entry-level Camry is about 19000 yuan, which is quite reasonable for a family car. According to the current loan policy, the minimum down payment for vehicles is not less than 30% of the bare car price, and the total loan period is not more than 3 years. In other words, if we buy this entry-level Camry, our minimum down payment should be around 80,000 yuan, and the remaining1100,000 yuan will be paid off within 3 years.

Usually, our current interest rate can be calculated at an annualized rate of 3%, which is 9% in three years. Then a loan of 1 10000 yuan, the three-year interest is almost 10000 yuan, and the total principal plus interest of 120000 yuan needs to be paid off within three years, and it needs to be paid back 40,000 yuan every year, more than 3,300 yuan every month.

What income level can afford Camry?

The above only talks about the cost of buying a car, but as we said at the beginning, buying a car is not a one-time investment. At this time, it depends on the use cost of the vehicle. Even if the fuel consumption performance of Japanese cars is better than that of similar cars, the fuel consumption of Camry has been at a low level, but the oil price is not cheap after all. Camry's average fuel cost per kilometer is almost 50 cents, that is to say, if you drive 20,000 kilometers a year, the fuel cost of a Camry is about 10000 yuan a year, and the average monthly fuel cost is about 830 yuan.

In addition, we have to pay a considerable parking fee every month, even if it is less, it will not be less than 300 yuan per month. The annual insurance and maintenance costs are about 6,000 yuan, with an average of 500 yuan per month, and the sum of these two costs is 800 yuan. That is to say, if you drive 20,000 kilometers per year, the monthly fare is almost 1630 yuan.

With the car loan of more than 3,300 yuan just now, if the loan is used to buy a car, the monthly expenses spent on the car in the first three years will reach 5,000 yuan. If the family's income source is not single and there is no other debt, this income level can naturally afford a car. However, if the family has a single source of income or a large amount of expenses such as mortgage, you must think twice before buying a car.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.