Can I afford a luxury vehicle like a Tesla Model Y or Porsche 911?
Deciding which vehicle to purchase is among the biggest financial decisions that many people make. A luxury sedan or SUV can be an excellent choice for those who can afford it. Taking into account the long term costs of a loan agreement can make it difficult to know how much income is required. Our calculator makes it easy to see the total costs of ownership across a few key luxury vehicles.
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Tesla Cybertruck
Recommended salary is at least $182,072.66 for 4 years (at 6.49%) in order to comfortably afford paying $1,517.27/mo.
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Tesla Model S
Recommended salary is at least $182,072.66 for 4 years (at 6.49%) in order to comfortably afford paying $1,517.27/mo.
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Tesla Model 3
Recommended salary is at least $96,715.43 for 4 years (at 6.49%) in order to comfortably afford paying $805.96/mo.
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Tesla Model X
Recommended salary is at least $193,453.62 for 4 years (at 6.49%) in order to comfortably afford paying $1,612.11/mo.
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Tesla Model Y
Recommended salary is at least $136,548.80 for 4 years (at 6.49%) in order to comfortably afford paying $1,137.91/mo.
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BMW 3 Series
Recommended salary is at least $101,290.58 for 4 years (at 6.49%) in order to comfortably afford paying $844.09/mo.
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BMW iX
Recommended salary is at least $198,256.39 for 4 years (at 6.49%) in order to comfortably afford paying $1,652.14/mo.
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BMW XM
Recommended salary is at least $361,914.65 for 4 years (at 6.49%) in order to comfortably afford paying $3,015.96/mo.
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BMW i4
Recommended salary is at least $118,817.26 for 4 years (at 6.49%) in order to comfortably afford paying $990.14/mo.
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BMW i5
Recommended salary is at least $152,049.68 for 4 years (at 6.49%) in order to comfortably afford paying $1,267.08/mo.
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BMW i7
Recommended salary is at least $240,593.57 for 4 years (at 6.49%) in order to comfortably afford paying $2,004.95/mo.
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Rivian R1T
Recommended salary is at least $159,105.87 for 4 years (at 6.49%) in order to comfortably afford paying $1,325.88/mo.
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Rivian R1S
Recommended salary is at least $170,486.84 for 4 years (at 6.49%) in order to comfortably afford paying $1,420.72/mo.
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Lucid Air
Recommended salary is at least $159,105.87 for 4 years (at 6.49%) in order to comfortably afford paying $1,325.88/mo.
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Lucid Gravity
Recommended salary is at least $182,095.42 for 4 years (at 6.49%) in order to comfortably afford paying $1,517.46/mo.
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Porsche 718
Recommended salary is at least $155,463.96 for 4 years (at 6.49%) in order to comfortably afford paying $1,295.53/mo.
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Porsche 911
Recommended salary is at least $260,396.45 for 4 years (at 6.49%) in order to comfortably afford paying $2,169.97/mo.
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Porsche Taycan
Recommended salary is at least $226,253.56 for 4 years (at 6.49%) in order to comfortably afford paying $1,885.45/mo.
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Porsche Macan Electric
Recommended salary is at least $179,363.99 for 4 years (at 6.49%) in order to comfortably afford paying $1,494.70/mo.
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Polestar 2
Recommended salary is at least $113,582.02 for 4 years (at 6.49%) in order to comfortably afford paying $946.52/mo.
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Polestar 3
Recommended salary is at least $190,972.57 for 4 years (at 6.49%) in order to comfortably afford paying $1,591.44/mo.
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