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WebApr 4, 2024 · If your monthly take-home pay is $3,500, then that means that your car payment shouldn’t exceed $350 to $525. You can lower your monthly payment so that … WebThe bottom line. While you can finance a car for up to 96 months, how long you finance a car really depends on your unique needs, wants and cash flow. Some shoppers opt for a shorter loan term that comes with higher monthly payments and reduces the total cost of the loan. Others opt for a longer loan with lower monthly payments to assist with ...
WebDec 8, 2024 · Depending on the interest rate and length of loan you choose, a $350 car payment could repay a $15,600 car loan at 3.66% in 48 months or a $19,100 loan at 60 months. Use the auto loan... WebOct 20, 2024 · Here’s how much car you can afford Follow the 35% rule Whether you’re paying cash, leasing, or financing a car, your upper spending limit really shouldn’t be a penny more than 35% of your gross …
WebHow To Get a 100k -300k Auto Loan (Exotic Car Classic Car Highline Car Financing) 180,260 views Jan 29, 2024 How to Get approved for a Auto Loan $100,000 - $300,000 People think all you... WebNov 29, 2024 · For example, say you want to finance a $100,000 exotic car for 84 months. You make a 20% down payment, all taxes and fees add up to 8%, and your APR is 2.50%. This gives you a monthly payment of $1,143.05. If you want to do the math on your own planned purchase, here’s our auto payment calculator. Where to find exotic car financing
WebOct 11, 2024 · If you value the reliability a newer, more expensive car brings, then 20–25% is a good benchmark. This gets you $5,000 to $7,500 on a $25,000 salary. Still not a lot, but you’ll have more options. At a salary of $50,000, you can spend $10,000 to $15,000, which should be plenty for a basic used sedan under 100,000 miles.
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