Driving in Style: Discover the Perfect Car You Can Afford on a 100k Salary


So, you’re making 100k a year and you’re wondering what kind of car you can afford. Well, you’ve come to the right place! In this article, we’ll explore some factors to consider when determining the car that fits your budget and lifestyle.

1. Set a Budget

The first step in determining what car you can afford is to set a budget. Consider how much you are willing to spend on a car, taking into account your monthly expenses, savings goals, and other financial obligations. It’s important to be realistic and avoid overspending.

2. Calculate Your Monthly Payments

Once you have a budget in mind, it’s time to calculate your monthly car payments. This will help you determine how much you can afford to spend on a car. Take into account factors such as the down payment, interest rate, and loan term. There are many online calculators available that can assist you in this process.

3. Consider Additional Expenses

When buying a car, it’s essential to consider additional expenses beyond the monthly payments. These may include insurance, fuel costs, maintenance, and repairs. Research the average costs associated with owning the type of car you’re interested in and factor them into your budget.

4. Decide on New or Used

One important decision to make is whether to buy a new or used car. Both options have their pros and cons. A new car may come with a higher price tag, but it typically comes with a warranty and fewer maintenance issues. On the other hand, a used car can be more affordable, but you may need to allocate funds for potential repairs.

5. Research Different Car Models

Now it’s time to research different car models that fit within your budget. Consider factors such as fuel efficiency, reliability, safety features, and resale value. Look for reviews and ratings from trusted sources to help you make an informed decision.

6. Explore Financing Options

When purchasing a car, you have various financing options to consider. You can choose to finance through a dealership, a bank, or a credit union. Compare interest rates and terms to find the best option that suits your financial situation. Remember to read the fine print and understand all the terms and conditions.

7. Test Drive and Inspect

Before making a final decision, it’s crucial to test drive and inspect the car. This will give you a better understanding of its condition and performance. If you’re buying a used car, consider getting a professional inspection to ensure there are no hidden issues.


So, to answer the question, “I make 100k a year, what car can I afford?” It ultimately depends on your budget, financial goals, and personal preferences. By setting a realistic budget, considering all expenses, researching different car models, and exploring financing options, you’ll be well on your way to finding the perfect car that fits both your needs and your wallet.

Remember, buying a car is a significant financial decision, so take your time, do your research, and make a choice that aligns with your long-term financial goals.