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2. The average cost of owning a car - AOL

   www.aol.com/finance/average-cost-owning-car...

   Based on data from Experian, the average monthly loan payment for a new car is $726, while drivers paying on a used vehicle pay an average of $533 monthly. The majority of individuals—79 percent ...

3. How Much Car Can You Afford? - AOL

   www.aol.com/much-car-afford-134000667.html

   Based on a calculation of spending 10–15 percent of your monthly pay on a car loan, you should spend no more than $562.50 on your monthly car payment. On the lower end, your car payment would be ...

4. How Much Should My Car Payment Be? - AOL

   www.aol.com/much-car-payment-145003598.html

   A $700 car payment may be too much if it exceeds 10% of your monthly take-home pay or if it strains your budget and limits your ability to meet other financial obligations or goals. It's important ...

5. I’m a Financial Planner: Don’t Spend More Than 15% of Your ...

   www.aol.com/m-financial-planning-expert-most...

   You can use a calculator to estimate your auto payment before you buy. Say, for example, your gross annual income is $70,000. Your monthly payment should be no more than $408.

6. What’s the Rule of Thumb for Car Buying — Is It 3x Your ...

   www.aol.com/finance/rule-thumb-car-buying-3x...

   To calculate your PTI, you divide your monthly car payment by your monthly gross income. “When considering how much of an auto loan one qualifies for based on their salary, your salary plays a ...

7. How to calculate loan payments and costs - AOL

   www.aol.com/finance/calculate-loan-payments...

   Starting loan balance. Monthly payment. Paid toward principal. Paid toward interest. New loan balance. Month 1. $20,000. $387. $287. $100. $19,713. Month 2. $19,713. $387