How much car can I afford on a $100,000 salary?
On a $100,000 salary, target a car costing $30,000–$40,000 using the 20/4/10 rule. At 7% APR, 4-year loan, 20% down on a $35,000 car: monthly payment ~$687. Adding $200 for insurance and gas, total transportation is $887/month — about 11% of gross monthly income.
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On a $100,000 salary, target a car costing $30,000–$40,000 using the 20/4/10 rule. At 7% APR, 4-year loan, 20% down on a $35,000 car: monthly payment ~$687. Adding $200 for insurance and gas, total transportation is $887/month — about 11% of gross monthly income. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.