How Much Money Should I Save To Buy A Car May 2026

: Aim for 20% for a new car to avoid being "upside down" on your loan as it depreciates, or 10%–15% for a used car .

: Save an additional 10% of the purchase price to cover sales tax, title, registration, and dealership documentation fees. how much money should i save to buy a car

Use these guidelines to ensure the car stays affordable relative to your income: How Much Money Should You Save Up to Buy a Car? : Aim for 20% for a new car