How much car can I afford for $600 a month?
A $600 monthly car payment buys a car of about $31,123 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 $600 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 | $18,161 | $23,417 | $28,319 | $32,890 | $37,154 |
| $3,000 | $20,964 | $26,221 | $31,123 | $35,694 | $39,957 |
| $5,000 | $22,834 | $28,090 | $32,992 | $37,563 | $41,827 |
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How your interest rate changes what $600 a month buys
| APR | 48 months | 60 months | 72 months |
|---|---|---|---|
| 5% | $27,153 | $32,518 | $37,622 |
| 7% | $26,221 | $31,123 | $35,694 |
| 10% | $24,913 | $29,196 | $33,072 |
| 14% | $23,324 | $26,903 | $30,017 |
A $600 payment fits comfortably on an income of about $76,000 a year. See how much car you can afford on $75,000 or use the full car affordability calculator.
Frequently asked questions
How much car can I afford for $600 a month?
About $31,123 with $3,000 down and a 60-month loan at 7% APR, after 7% sales tax. A 72-month loan stretches that to $35,694, but you pay more interest.
What loan amount does a $600 car payment cover?
$30,301 over 60 months at 7% APR, or $25,056 over 48 months.
What income do I need for a $600 car payment?
Keeping the payment plus about $350 a month for insurance, gas and upkeep within 15% of gross income needs roughly $76,000 a year.
Other monthly payments
Estimates only. Your lender’s rate and fees decide the final figures.
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