Build the real number
- Loan payment
- Insurance — get a quote for the specific vehicle before you buy
- Fuel based on your actual weekly mileage
- Maintenance, tires and registration set aside monthly
CAR BUYING RESOURCES · BY MIKE
How much car can I afford?
Start with the total monthly cost of ownership, not the loan payment. Add the payment, insurance, fuel, and a monthly set-aside for maintenance and tires. If that combined number fits comfortably in your budget with room left over, the car is affordable.
Term length is not free
Stretching the term lowers the monthly payment and raises the total cost, while keeping you upside down longer. If the only way a car fits is a very long term, it's worth looking one step down in price.
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Written by Mike, Your Dallas Car Guy. General information only, not financial or legal advice. Financing is subject to lender approval. Last updated 2026-09-07.