How much car can I afford for $200 a month?
A $200 monthly car payment buys a car of about $12,243 with $3,000 down and a 60-month loan at 7% APR. Try your own price below.
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Car price for a $200 a month payment, by loan term
Prices include 7% sales tax and assume 7% APR.
| Down payment | 36 mo | 48 mo | 60 mo | 72 mo | 84 mo |
|---|---|---|---|---|---|
| $0 | $6,054 | $7,806 | $9,440 | $10,963 | $12,385 |
| $3,000 | $8,857 | $10,609 | $12,243 | $13,767 | $15,188 |
| $5,000 | $10,726 | $12,479 | $14,113 | $15,636 | $17,057 |
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How your interest rate changes what $200 a month buys
| APR | 48 months | 60 months | 72 months |
|---|---|---|---|
| 5% | $10,920 | $12,709 | $14,410 |
| 7% | $10,609 | $12,243 | $13,767 |
| 10% | $10,173 | $11,601 | $12,893 |
| 14% | $9,644 | $10,837 | $11,875 |
A $200 payment fits comfortably on an income of about $44,000 a year. See how much car you can afford on $45,000 or use the full car affordability calculator.
Frequently asked questions
How much car can I afford for $200 a month?
About $12,243 with $3,000 down and a 60-month loan at 7% APR, after 7% sales tax. A 72-month loan stretches that to $13,767, but you pay more interest.
What loan amount does a $200 car payment cover?
$10,100 over 60 months at 7% APR, or $8,352 over 48 months.
What income do I need for a $200 car payment?
Keeping the payment plus about $350 a month for insurance, gas and upkeep within 15% of gross income needs roughly $44,000 a year.
Other monthly payments
Estimates only. Your lender’s rate and fees decide the final figures.
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