Can you 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.

Rivian R2

Rivian R2

Recommended salary is at least $102,428.67 for 4 years (at 6.49%) in order to comfortably afford paying $853.57/mo.

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Rivian R1T

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

Rivian R1S

Recommended salary is at least $172,763.03 for 4 years (at 6.49%) in order to comfortably afford paying $1,439.69/mo.

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Tesla Cybertruck

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

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

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

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

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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Porsche 718

Porsche 718

Recommended salary is at least $165,706.83 for 4 years (at 6.49%) in order to comfortably afford paying $1,380.89/mo.

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Porsche 911

Porsche 911

Recommended salary is at least $290,669.81 for 4 years (at 6.49%) in order to comfortably afford paying $2,422.25/mo.

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Porsche Taycan

Porsche Taycan

Recommended salary is at least $228,302.13 for 4 years (at 6.49%) in order to comfortably afford paying $1,902.52/mo.

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Porsche Macan Electric

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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Lucid Air

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

Lucid Gravity

Recommended salary is at least $181,867.80 for 4 years (at 6.49%) in order to comfortably afford paying $1,515.56/mo.

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Polestar 2

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

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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BMW 3 Series

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

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

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

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

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

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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