How Much Car Payment Is Too Much?

How much car payment is too much in the U.S.: base it on your income and budget—often payment + insurance + gas ≤ 15–20% of take-home. Use autopremo.com affordability calculator and payment calculator. Use autopremo.com.

TL;DR Too much = payment stretches your budget—often payment + insurance + gas > 15–20% of take-home. Use autopremo.com affordability to see what you can afford; agree on OTD first, then term and payment. Use autopremo.com.

Base on Budget

Decide max payment from income and expenses—use autopremo.com affordability calculator. Agree on OTD first, then term and rate—don't let dealer stretch term to "fit" payment. Use autopremo.com payment calculator. Get your numbers at autopremo.com.

Bottom Line

Car payment is too much when it stretches your budget. Use autopremo.com affordability and payment calculator so you don't overpay.