To determine best budget for the car, how many months salary (including housing, etc allowances) should one use as a budget for buying a car in Doha? Specially given that we are all temporary here and can never call this place truly a home?
.....and my thumb rule comes to around 5 - 6 times the monthly take home - incl. cash allowances. (Emi not more than 20% of your income and a term of 36months). Then again one should consider other obligations and liabilities - try and keep your debt less than 1/3rd your earnings.
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3 months is fare,.but i bought a car on less then 1 month salary its all about how much you make and how much you are willing to spend.
but if i choose later to buy something more lux. i would not go over 3 months either
You suggested the OP to go to Honda. I'm asking about that because I also need a car.
3 months suggestion sounds more reasonable. Lets see anymore inputs. I request, pls keep it to the topic.
tahsinmim Honda what n where?
I would spend 3 months income
If you living somewhere for a while period, its your home.
I think you need to learn about diffierence in between home and hometown
About your car, you have better opportunity to drive a big car without spend more moeny compare to your hometown, Why you dont want to enjoy
Life is One only Enjoy much more
Take a goood car....
Surely it all depends on the person and their priorities ..
....you can sell on the vehicle once you want to get outta here so I would take it for non luxury/sports cars.
One year horizon - Toyota cars. Can sell most of 'em at a drop of a hat without losing much. Although I do not have any luv for 'em.
3 year horizon - most small to mid size cars pay themselves off. You cannot factor in convenience - so a vehicle here is a must.
If you want to live comfortably, you have to spend here too...willingly/ unwillingly.
Dont you think 5 to 6 times is a lot considering Doha is not our home?
.....and my thumb rule comes to around 5 - 6 times the monthly take home - incl. cash allowances. (Emi not more than 20% of your income and a term of 36months). Then again one should consider other obligations and liabilities - try and keep your debt less than 1/3rd your earnings.
If you are looking to take out a loan, most banks require you to have had 3 months of salaries deposited first.