What cars do most college students drive?
Which Cars Do College Students Really Drive?
- Average Honda Accord Insurance Premium: $1,336.
- Average Honda Civic Insurance Premium: $1,360.
- Average Toyota Camry Insurance Premium: $1,430.
- Average Toyota Corolla Insurance Premium: $1,313.
- Average Nissan Altima Insurance Premium: $1,493.
How much should a college student spend on a car?
So, spend 25% of the total cost of your 4 years of college, minus 50% of your student loan debt. Therefore, today, an average year at MIT is $65,000 and the average MIT student graduates with $30,000 in debt.
Should a college student have a car?
Owning a car while attending college makes sense for some students, while others have little choice or desire and may be okay with other transportation options. You should factor in your transportation costs as part of your college decision-making process.
What mileage is good for a used car?
What Is Good Mileage for a Used Car? Mileage will vary between vehicles, but a decent rule of thumb to follow is that people drive an average of about 12,000 miles a year. Therefore, 120,000 miles would be a good mileage for a used car that’s about 10 years old.
What is the safest car for a college student?
Top Cars for College Students
|2019 Vehicle model IIHS safety ratings||Safety features|
|Mazda CX-5||Mazda CX-5 safety features|
|Subaru Impreza||Subaru Impreza safety features|
|Toyota Camry||Toyota Camry safety features|
|Kia Forte||Kia Forte safety features|
What is the most reliable car?
Most reliable cars 2020: 1-10
Is SUV good for students?
An SUV is great for students interested in exploring the outdoors, or those who simply want the ability to drive all their friends around. While they are more expensive and don’t have the gas mileage of other classes, you can still find affordable and fuel-efficient SUVs.
How can a college student get a car?
How to Afford a Car in College
- Buy a Used Car. The latest vehicles on the market may have advanced tech and features, but if you’re a college student looking to save, it’s best to buy used. …
- Start Saving Early. …
- Boost Your Credit Score. …
- Secure a Steady Income. …
- Get a Cosigner. …
- Shop at a Dealership.
What car can I afford on 60k salary?
Multiply this by 5 and you need to make at least $6000 a month, after taxes. This next part is incredibly simplified, and may not apply to your situation directly. That leaves $72,268.75 per year, divided by 12 is about $6022 per month. So, to afford a $60,000 new car, you need to make around $90,750 a year.
How much car can I afford on 50k salary?
Dave Ramsey takes a balance sheet approach. Rather than looking at monthly transportation costs, Dave recommends buying cars that cost no more than 50% of your annual income. So if you make $50,000 a year, you should not spend more than $25,000 for a car(s).