Fact checked by Vikki VelasquezKey TakeawaysUse our calculator to determine your monthly auto loan payment and the total amount of interest you’ll pay once your loan is repaid in full. It’s vital to ...

How much car can you afford? Many people wrestle with this question, but financial personality Humphrey Yang recently broke it down to a simple formula. Knowing how much you can truly afford can help ...

Auto loans are a type of installment loan that split a car purchase into monthly payments over a period of years, which can make a new or used car more affordable. Auto loan terms typically run from ...

SHORT ANSWER: When you’re ready to purchase your next car, calculate 10% to 15% of your take-home pay to find the payment amount you can afford. Purchasing a new vehicle is exciting. You’ll be ...